Thailand Extends Consumer Subsidy
Thailand has approved a 1.29 billion dollar extension for its consumer subsidy scheme to help citizens manage high living costs through November. The finance minister expressed confidence that the economy will still grow 2.5 percent this year despite regional oil pressures.
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Thailand's cabinet approved a 43 billion baht ($1.29B) consumer subsidy extension on Tuesday morning to ease living costs. The two-month extension follows an initial phase that launched in June and covered 40 million citizens. The program aims to cushion households against surging energy expenses tied to Brent Crude Oil amid ongoing tensions in the Middle East.
