Thailand has estimated initial damages from a five-day border conflict with Cambodia at more than 10 billion baht ($307.88 million), with the total economic impact likely to rise further, Finance Minister Pichai Chunhavajira said on Tuesday.
The government is preparing an initial relief budget of 25 billion baht ($771 million) to support reconstruction and stimulate the economy, Pichai told reporters.
"I have to gather the budget for this as it will also stimulate the economy because there will be construction, house repairs, and many more," he said. "It might not be enough and we may need to seek more," he added, noting that the current estimates do not include trade disruptions.
In a separate statement, the finance ministry said it had rolled out a series of relief measures for individuals and businesses affected by the conflict.
State-owned banks will offer loan repayment deferrals, low-interest loans, refinancing options and fee exemptions to aid recovery, while tax measures will include extended filing and payment deadlines until September, and deductions of up to 100,000 baht for home repairs and 30,000 baht for vehicle repairs.
Each affected province will receive 100 million baht to address immediate local needs, with the possibility of additional funding if required, the minister said.
Abdullah Öcalan, the jailed leader of the outlawed Kurdistan Workers’ Party (PKK), issued a statement on Friday (27 February) calling on Ankara to ...
Colombia’s commerce minister, Diana Marcela Morales, has said she will propose raising tariffs on certain Ecuadorian goods from 30% to 50%, as a tra...
Former U.S. President Bill Clinton said on Friday (27 February) that he had no knowledge of the crimes committed by Jeffrey Epstein and would not have...
Some of Iran's most highly enriched uranium, close to weapons grade, was stored in an underground area of its nuclear site in Isfahan, the UN nuclear ...
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacu...
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
Speaking during a closed-door deposition in New York on Thursday (February), former U.S. Secretary of State Hillary Clinton said she did not “recall” ever meeting the late sex offender Jeffrey Epstein and had “no knowledge of his crimes”.
Pakistan’s declaration of an “open war” with Afghanistan must be understood in the context of months of escalating violence, regional analysts have said, describing the latest developments as a significant shift in the nature of the conflict.
Iran’s Foreign Minister Abbas Araghchi on Friday urged Afghanistan and Pakistan to resolve their differences through dialogue, offering Tehran’s assistance to facilitate understanding between its eastern neighbours.
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
The death toll from heavy rains and flooding in Brazil’s Minas Gerais state has risen to 46, authorities said, with 21 people still reported missing. The storms triggered landslides and widespread flooding, displacing thousands across Juiz de Fora and Uba.
The situation in Cuba was heating up and called for restraint following a deadly incident involving a Florida-registered speedboat off the coast of the Caribbean island, the Kremlin said on Thursday (26 February).
Syria’s economy is showing clear signs of recovery, with economic activity accelerating in recent months, the International Monetary Fund (IMF) said on Wednesday.
Pakistani air strikes hit a weapons depot on the western outskirts of Kabul overnight, triggering hours of secondary explosions that rattled homes across the Afghan capital and left residents fearing further violence.
Colombia’s commerce minister, Diana Marcela Morales, has said she will propose raising tariffs on certain Ecuadorian goods from 30% to 50%, as a trade dispute between the neighbouring countries intensifies.
Former U.S. President Bill Clinton said on Friday (27 February) that he had no knowledge of the crimes committed by Jeffrey Epstein and would not have flown on the late convicted sex offender’s plane had he had any inkling of his activities.
Some of Iran's most highly enriched uranium, close to weapons grade, was stored in an underground area of its nuclear site in Isfahan, the UN nuclear watchdog said in a confidential report sent to member states on Friday (27 February).
Tensions between the U.S. and Iran are escalating, with Washington ordering a significant military build-up in the region and multiple countries evacuating diplomatic staff amid fears of further instability.
Afghan and Pakistani forces traded airstrikes and artillery fire along the Durand Line on Thursday night, killing dozens on both sides, as Pakistan’s defence minister warned the two countries were now in “open war” after months of escalating clashes.
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