- The Thai government issued its
third COVID-19 stimulus package on April 7, 2020, valued at 1.9
trillion baht (US$58 billion).
- The package provides soft loans
to SMEs, cash handouts to workers, and ensures liquidity in the
financial sector.
- Investors should seek the
assistance of local advisors to better understand how these relief
measures impact their business.
On April 7, 2020, the Thai government issued its third stimulus
package worth 1.9 trillion baht (US$58 billion) to mitigate the
economic impact caused by the COVID-19 outbreak.
This latest package, named Phase 3, is equivalent to 10 percent
of GDP. 1 trillion baht (US$30 billion) was provided through bond
issuance and 900 billion baht (US$27.8 billion) from the central
bank, Bank of Thailand (BOT).
