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Thailand to introduce $1.3 billion job support for smaller firms By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: Face masks worn by people in Thailand during the outbreak of coronavirus (COVID-19), April 23rd, 2021. REUTERS/Soe Zeya/File Photo

BANGKOK (Reuters) – Thailand plans to introduce an estimated 45.4 billion baht ($1.34 billion) in stimulus to help smaller businesses retain jobs, its planning agency said on Thursday, as the tourism-dependent country deals with a prolonged coronavirus outbreak.

Following a meeting by the prime Minister, the agency stated that each worker will be paid a minimum of $6,000 ($266) per month. The goal is to keep 5.04 millions jobs.

The assistance will go to approximately 480,000 Thai-owned companies, with up 200 employees. They must also retain 95% of their staff, according to the planning agency.

According to the agency, the government aims to attract 1,000,000 foreign tourists in the fourth quarter 2021 and first quarter 2020. The spending requirement is at least 60 trillion baht.

In a bid for tourism revival, Thailand will open its borders to new vaccinated visitors. The long-standing quarantine requirements are lifted.

($1 = 33.83 baht)

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