Thailand approves job measures, PM calls for economic revamp

SourceZawya
SectorEconomy
CountryGulf

BANGKOK - Thailand approved plans to create a quarter of a million jobs and will look to restructure its economy to be less reliant on global demand, its prime minister said on Tuesday, the latest measures to mitigate the fallout of the coronavirus pandemic.Southeast Asia's second-largest economy suffered its biggest contraction since the Asian crisis in the second quarter as the global impact of coronavirus, which has infected only a few thousand people in Thailand, battered tourism and slowed consumption.The government agreed to the private sector hire 260,000 new graduates for a year, Prayuth Chan-ocha told a briefing after a cabinet meeting."This does not include other employment plans of about a million jobs. There will be a job expo," he said, without elaborating.Last week, the government announced stimulus plans worth ...read more...