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.
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A large fire at the import cargo complex of Dhaka airport has caused significant damage to goods and materials belonging to key garment exporters, with losses and impacts on trade potentially amounting to millions of dollars, according to industry leaders on Sunday.
The Orenburg gas processing plant, the world's largest facility of its kind, has been forced to halt its intake of gas from Kazakhstan following a Ukrainian drone strike, according to Kazakhstan's energy ministry.
Israel launched air strikes and artillery fire on Gaza on Sunday, in what officials called a response to militant attacks, as the U.S.-mediated ceasefire came under renewed strain.
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A large fire at the import cargo complex of Dhaka airport has caused significant damage to goods and materials belonging to key garment exporters, with losses and impacts on trade potentially amounting to millions of dollars, according to industry leaders on Sunday.
The Orenburg gas processing plant, the world's largest facility of its kind, has been forced to halt its intake of gas from Kazakhstan following a Ukrainian drone strike, according to Kazakhstan's energy ministry.
The Louvre Museum in Paris was closed on Sunday after thieves broke in and stole “priceless” jewellery from the Napoleon collection, the French government said.
Former French president Nicolas Sarkozy said he is not afraid of going to prison, days before beginning a five-year sentence over his 2007 campaign financing case linked to Libya.
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