Thailand's parliament approves $58 billion economic package to ease virus impact
BANGKOK (Reuters) - Thailand’s parliament passed a 1.9 trillion baht ($58 billion) economic support package on Sunday to ease the impact of the coronavirus.
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.
Of the 1 trillion baht of borrowing, 600 billion baht will be for public heath works and relief measures, and the rest for rebuilding the economy and job creation.