Thai parliament urged to pass record 1.9 trillion baht ($59.6 billion) stimulus bill
Thailand’s Prime Minister Prayut Chan-O-Cha on Wednesday urged parliament to approve the kingdom’s biggest-ever stimulus package to revive an economy battered by the coronavirus pandemic.
Asian markets rose Monday as a further easing of lockdowns around the world offset another round of data highlighting the sharp economic pain being inflicted by the virus.
Hong Kong economy shrinks record 8.9% in first quarter
The financial hub is now experiencing its third-straight quarter of negative growth — its longest financial downturn since the aftermath of the 2008 global financial crash.
Asian markets rallied again and oil prices built on the previous day’s surge as investors began to see a glimmer of light at the end of the tunnel in the fight against coronavirus
Asia Covid-19 latest: Back to school in China, Thai cases drop to single digits
Thailand recorded nine new infections — the first time the number of new cases has dropped to single digits since the government declared a nationwide state of emergency over a month ago.
Prices have collapsed in recent weeks as demand for the commodity evaporated owing to lockdowns and travel restrictions imposed worldwide to fight the virus.
