Thailand's parliament approves $58 billion economic package to ease virus impact

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Thailand's parliament passed a 1.9 trillion baht ($58 billion) economic support package on Sunday to ease the impact of the coronavirus.

FILE PHOTO: A woman wearing a protective face mask waits for customers in a mobile shop inside a shopping mall, after the Thai government eased isolation measures, amid the coronavirus disease outbreak, in Bangkok, Thailand May 29, 2020. REUTERS/Jorge Silva

The legislation, comprising three bills, include a government plan to borrow 1 trillion baht and central bank measures worth another 900 billion baht in soft loans and support for corporate bonds. The bills must next be approved by the upper house Senate, which is expected to convene in early June, before they can become law.

Thailand began this month to gradually ease some restrictions introduced to contain the virus. More businesses classified as medium to high risks, including cinemas and gyms, will be allowed to reopen on Monday.

 

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