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Thai junta makes plans to kickstart economy

Thailand’s military rulers announced plans to kickstart the economy, which is threatened by recession following months of political turmoil.

BANGKOK: Thailand’s military rulers announced plans to kickstart the economy, which is threatened by recession following months of political turmoil.

Air Chief Marshal Prajin Juntong late Sunday outlined the measures after meeting officials at economic ministries.

According to Reuters, the plans included longer-term measures such as developing special economic zones on the borders with Myanmar, Laos and Malaysia.

Prajin also said 30 urgent proposals on the economy will be discussed on Tuesday and Wednesday with junta chief Prayuth Chan-ocha.

The proposals included price insurance for rice farmers to replace the deposed government’s pledging scheme which ran into financial trouble.

The junta said it will also tackle loan shark issues and is mulling low-cost home loans.

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