Thailand plans $8.3 bln support for small business, minister says

BANGKOK, Dec 2 (Reuters) – Thailand is planning a 267 billion baht ($8.3 billion) support package for small businesses, including soft loans and loan guarantees to boost liquidity, the finance minister said on Tuesday as the government looks to spark a struggling economy.
The package, approved by cabinet on Tuesday, includes 217 billion baht of soft loans from state-owned banks and guarantees of 50 billion baht, Ekniti Nitithanprapas said in a statement.
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The package will help increase liquidity and reduce costs through low interest rates for small- and medium-sized businesses, he told a press conference.