Economic Indicators11 hours ago (Apr 15, 2020 08:20AM ET)
(C) Reuters. The spread of the coronavirus disease (COVID-19) in Bangkok
BANGKOK (Reuters) – Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht ($33.39 billion) during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.
The 92-project plan includes 18 high-priority infrastructure projects worth 472 billion baht, Prapas Kong-Ied, head of the
State Enterprise Policy Office, said in a statement.
The government has promoted investment to spur long-term economic growth as Southeast Asia’s second-largest economy is heavily reliant on global demand, and exports have been weak.
The outbreak is hitting activity and the tourist sector, particularly hard, as Thailand has imposed a night curfew, having closed malls and bars and banned passenger flights to try to limit the spread.
The country has reported 2,643 cases of infection and 43 deaths.
Thailand plans $33 billion public-private investment projects
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