Economics

Thailand Asks Billionaires to Help Kickstart Stagnant Economy

Prime minister asks 20 richest Thais to develop new projects
About 30 million people applied for emergency cash handouts

Prime Minister Prayuth Chan-Ocha
Photographer: Brent Lewin/Bloomberg

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By Lee J Miller

May 12, 2020 at 10:00 PM UTC

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Thailand’s billionaires have been told it’s their civic duty to fight the Covid-19 economic crash, which threatens to exacerbate a climb in poverty over recent years.