A customer takes a photo with his mobile phone at a Thai Airways pop-up airplane-themed restaurant at the airline’s headquarters in Bangkok on Sept. 10, 2020.
Mladen Antonov | AFP | Getty Images
Thailand will focus on spurring domestic consumption and reopening an economy badly hit by the impact of the coronavirus crisis, the country’s new finance ministry said on Monday.
Southeast Asia’s second-largest economy suffered its deepest contraction in 22 years in the second quarter as the pandemic hammered the key tourism sector and domestic activity.
The other main tasks include boosting liquidity, supporting tourism and accelerating public spending, Arkhom Termpittayapaisith told reporters on his first official day at work.
“The most urgent task is to boost liquidity for businesses affected by Covid-19 as the business sector accounts for 70% of GDP,” he said.
The government will continue to introduce measures to support domestic consumption, which makes up half