COVID-19: Thailand’s new economic package to be worth 10 percent of GDP
Thailand’s new economic package to mitigate the impact of the COVID-19 pandemic will be worth about 10 percent of its gross domestic product (GDP), Deputy Prime Minister Somkid Jatusripitak has said.
Measuring body temperature in Bangkok, Thailand (Source: AFP/VNA)
Bangkok (VNA) – Thailand’s new economic package to mitigate the impactof the COVID-19 pandemic will be worth about 10 percent of its gross domesticproduct (GDP), Deputy Prime Minister Somkid Jatusripitak hassaid.
Deputy PM Somkid stated that the package will cover all economicsectors for at least the next six months.
If possible, final approval will be sought from the cabineton April 7, he added.
He did not give a specific value for the package, but theGDP of Southeast Asia’s second-largest economy last year was 16.88 trillionbaht (512.76 billion USD). The measures will be partly financed by the fiscalbudget and borrowing, he said.
The latest package follows last month’s two sets of stimulusmeasures together worth more than 500 billion baht.
The Bank of Thailand (BOT) expects the country’s economy tocontract 5.3 percent this year, the worst since the 1998 Asian financialcrisis./.
The State Railway of Thailand (SRT) has cancelled 22 trains from April 1 on the northern, southern, and northeastern lines due to the impact of the COVID-19 pandemic.
The Cabinet of Thailand on April 3 approved the Ministry of Public Health’s plan to employ 45,684 government employees as special officers to deal with the COVID-19 pandemic.
Thailand is now able to produce new COVID-19 test kits itself with RT-PCR, a standard laboratory technique recognised by the World Health Organisation (WHO).
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Measuring body temperature in Bangkok, Thailand (Source: AFP/VNA) 
