(C) Reuters. Thailand’s Deputy Prime Minister Somkid Jatusripitak speaks during a seminar on fintech in Bangkok
BANGKOK (Reuters) – Thailand will set up a fund worth up to 100 billion baht ($3.11 billion) to support small businesses affected by the coronavirus outbreak, a deputy prime minister said on Thursday.
“Small operators still have no access to funding, which is a worry,” Somkid Jatusripitak told a briefing after meeting with the finance minister, the central bank governor and other state agencies.
The economy will definitely shrink this year and updated forecasts will be released by the state planning agency on Monday along with first-quarter gross domestic product (GDP) data, Finance Minister Uttama Savanayana said.
Thailand to set up $3 billion fund to help small businesses hit by virus
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.