Thai cabinet approves US$2.77b infrastructure fund

Published Tue, Dec 15, 2015 · 07:03 AM

[BANGKOK] Thailand's cabinet approved on Tuesday a plan to set up an infrastructure fund worth 100 billion baht (S$3.9 billion), the finance minister told Reuters.

The fund called "Thailand Future Fund" is expected to be launched within one or two months, Finance Minister Apisak Tantivorawong said after the weekly cabinet meeting.

The army, which seized power in May last year to end months of political turmoil, has focused on ramping up infrastructure projects to lift growth as exports and domestic demand are weak.

REUTERS

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International

International

Thai cabinet approves US$2.77b infrastructure fund

International

When US diplomats visit China, meal choices are about more than taste buds

China’s first-quarter industrial profits rise at slower pace

Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia

Vietnam tycoon appeals against US$27 billion fraud death sentence

US announces new restrictions on firearm exports

Central banks will probably only cut half as much as they hiked

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