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Thai army rulers prepare emergency economic measures

Published on Jun 2, 2014 11:37 AM
 
A soldier stands guard outside a shopping mall to stop protests against military rule at a shopping district in central Bangkok June 1, 2014. -- PHOTO: REUTERS

BANGKOK (REUTERS) - The military junta running Thailand has drawn up a list of emergency measures such as price caps on fuel and loan guarantees for small firms to kick-start an economy threatened by recession after months of political turmoil.

The plans, outlined by Air Chief Marshal Prajin Juntong late on Sunday after a meeting with officials at economic ministries, take in longer-term measures such as the development of special economic zones on the borders with Myanmar, Laos and Malaysia.

The military toppled the remnants of former Prime Minister Yingluck Shinawatra's administration on May 22 after months of protests that had forced government ministries to close, hurt business confidence and caused the economy to shrink.

Yingluck herself was ordered to step down two weeks before the coup when a court found her guilty of abuse of power.

 
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