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WEDNESDAY, October 05, 2022
nationthailand
Special government panel approves measures to fight economic crisis

Special government panel approves measures to fight economic crisis

THURSDAY, August 11, 2022

The Thai government has come up with new measures to fight the country’s economic crisis caused by high inflation rates.

The administration’s special committee tasked with managing the economic crisis, chaired by Prime Minister Prayut Chan-o-cha, on Thursday approved four “Quick Win” emergency measures.

The first area involves energy savings and helping commuters cut costs by offering discounts to regular passengers.

The Energy and Transport ministries have been assigned to deal with matters involving their agencies.

The second area is tackling the higher production costs and shortage of agricultural raw materials. These measures call for increasing production and use of organic fertilisers and materials.

The third area involves the finances of households and small and medium-sized enterprises (SMEs). The measures include debt moratorium, credit guarantee for SMEs, and loans for business operators.

The fourth area calls for financial support to improve the potential of business operators to help them with restructuring and procuring new machinery and technology.