Bangkok, April 13 -- The Thai cabinet has approved a large-scale emergency relief package aimed at curbing inflation, protecting small and medium-sized enterprises (SMEs), and strengthening energy security amid escalating conflicts in the Middle East that threaten growth.

The Thai Government has allocated more than 7.74 billion THB (about 241 million USD) from the central budget to support citizens in coping with rising energy prices, subsidise transport costs, and implement measures to reduce the cost of living nationwide.

The package is designed to prevent stagflation by balancing direct government subsidies with a large-scale credit injection into the industrial sector, Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas...