Thai cabinet approves $58bn stimulus to weather coronavirus

Third wave includes extension of cash giveaway program to six months

A vendor wearing a protective face mask sells food during the coronavirus outbreak in Bangkok, Thailand, April 5, 2020. © Reuters

MASAYUKI YUDA, Nikkei staff writer

April 7, 2020 22:00 JST

BANGKOK -- Thailand will launch its third batch of stimulus measures to counter the economic impact of the new coronavirus and support workers and companies hit by the pandemic.

Thai cabinet approved a 1.9 trillion-baht ($58 billion) economic stimulus package on Tuesday. Of this, 1 trillion baht will be financed by the Ministry of Finance through bond issuance, while 900 billion will come from central bank the Bank of Thailand.