BANGKOK - Thailand is planning a stimulus package worth at least 225 billion baht , including providing support for farmers and tourism, its finance minister said on Friday.
Southeast Asia's second-largest economy expanded just 2.8% in the first quarter, the weakest annual pace in more than four years, as exports - a key growth driver - have declined amid rising trade tensions and a strong bahtThe package - being discussed by finance and economic officials before being presented to the cabinet next week - include subsidies, soft loans and farm price guarantee for farmers, worth a combined about 210 billion baht, Uttama Savanayana announced in a post on Facebook.
It will provide cash handouts for domestic travel worth 15 billion baht, and financial assistance for low-income earners and smaller businesses, Uttama said. The cash handouts of 1,500 baht each will be given to 10 million people.
Thai sticks !