Thailand to quicken US$47bil investments


Slowing economy: People walk at a foot bridge above traffic at a busy street in Bangkok. South-East Asia’s second-largest economy is yet to regain momentum more than a year after a coup in May 2014 ended political unrest, with exports and domestic demand persistently sluggish. — EPA

BANGKOK: Thailand will speed up investment in 17 mega projects worth nearly US$47bil in fiscal years 2015 and 2016, the new transport minister said, as pressure mounts on the military-led government to revitalise a flagging economy.

South-East Asia’s second-largest economy is yet to regain momentum more than a year after a coup in May 2014 ended political unrest, with exports and domestic demand persistently sluggish.

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