Thai government shifts $4.89B from youth cash handouts to economic stimulus due to global trade tensions.

The Thai government has canceled its plan to give 10,000 baht ($313) to young people aged 16-20 and will instead use the 150 billion baht ($4.89 billion) budget for a new economic stimulus. This shift is due to global economic uncertainties caused by the trade war and US tariffs that have hurt Thailand's exports and manufacturing. The government aims to support affected businesses and restructure production.