The Thai cabinet has approved an additional stimulus package valued at 5.8 billion baht (191 million USD) with a hope of boosting the economy to close to the country’s target of 3 percent.
Thai Minister of Finance Uttama Savanayana (Source: Bangkok Post)
Bangkok (VNA) - The Thai cabinet has approved an additionalstimulus package valued at 5.8 billion baht (191 million USD) with a hope ofboosting the economy to close to the country’s target of 3 percent.
The package announced includes a 2 billion baht consumption promotionprogramme, reduction of real estate transfer fees worth 2.6 billion baht andlow-interest loans from the Government Housing Bank, valued at 1.2 billion baht,said Finance Minister Uttama Savanayana.
The additional package comes months after the government rolled out a 316billion baht stimulus programme.
Thailand's economy had its weakest annual growth rate in four years, expanding2.3 percent in the second quarter, as exports have declined amid rising tradetensions and a strong baht./.
The Thai government on September 10 endorsed a package of measures aimed at attracting more foreign investment, especially to expedite investments from companies seeking to relocate their production plants in the context of the escalating US-China trade tension.
The Thai cabinet has approved a budget worth 24.6 billion baht (about 809 million USD) to support research and innovation to transition the country into a fully technology-based society.
Thailand’s cabinet on October 11 gave the nod to 18 tourism stimulus measures proposed by the Ministry of Tourism and Sports to stimulate the economy in the fourth quarter of this year.
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Thai Minister of Finance Uttama Savanayana (Source: Bangkok Post) 
