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Thailand to introduce $1.3 bln job support for smaller firms

BANGKOK, Sept 30 (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.

The government will pay firms a total of 9,000 baht ($266) for each worker over a three-month period from November, aiming to retain 5.04 million jobs, the agency said after a national economic task force meeting chaired by the prime minister.

The support will be for about 480,000 companies employing up to 200 Thai workers, which must retain at least 95% of employees, the planning agency said.

It also said the government was aiming to draw 1 million foreign tourists during the final quarter of 2021 and the first quarter of next year, with spending of at least 60 billion baht.

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