Thailand's Prime Minister announces a $13.7bn digital money handout plan to stimulate economy, providing 10,000 baht to 50m Thais.

Thailand's Prime Minister Srettha Thavisin has unveiled details of a $13.7bn (£10.8bn) digital money handout plan to stimulate the economy. The scheme will provide 10,000 baht (£218) to an estimated 50m Thais for spending at local businesses. The plan, primarily funded from the 2024 and 2025 fiscal budgets, will be launched in the last quarter of the year. The government anticipates that the stimulus and subsequent consumption will boost GDP growth by 1.2 to 1.6 percentage points.