Thai government mulls phase-3 of Coronavirus relief package

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Prime Minister Gen Prayut Chan-o-cha discusses urgent relief measures with his cabinet to ease the domino-effect from the coronavirus outbreak.
Prime Minister Gen Prayut Chan-o-cha discusses urgent relief measures with his cabinet to ease the domino-effect from the coronavirus outbreak.

BANGKOK – The Thai government is mulling phase-3 of Covid-19 relief package to support individuals, small-and-medium enterprises, grass-root economies and financial institutions.



Prime Minister Gen Prayut Chan-o-cha chaired a special cabinet meeting on Friday to consider relief measures which had been proposed by the Finance Ministry to ease the fallout from the coronavirus outbreak.

According to the Finance Ministry, the latest package is aimed at supporting the four groups by providing them more liquidity and incentives.

The Cabinet ministers discussed sources of the funding which is expected to be acquired under an executive decree.  Government sources say it plans to borrow an estimated THB200 billion to implement stimulus measures.

Earlier last month, the government offered the phase 1 of relief package with soft loans worth THB150 billion business operators.  The second phase saw cash handouts to informal employees and self-employed workers who are not covered by the social security scheme. (TNA)