Thailand announces US$58b economic measures to mitigate coronavirus impact

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BANGKOK (April 7): Thailand's cabinet approved on Tuesday a package of economic measures worth 1.9 trillion baht (US$58 billion) to alleviate the impact of the coronavirus outbreak on Southeast Asia's second-largest economy, the finance minister said.

The package includes a law to borrow 1 trillion baht plus central bank measures worth another 900 billion baht in soft loans and support for corporate bonds, Uttama Savanayana told a news conference.

Thailand has confirmed 2,258 cases and 27 deaths since the outbreak began in January. 

(US$1 = 32.7500 baht) 

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