Economics
Thailand Dips Into Cash Cows to Support Economy
- Military government seeks more investment by state enterprises
- GDP expansion last quarter estimated to be slowest this year
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Thailand’s military government is leaning on state-run enterprises to support economic expansion by speeding up investment, as risks loom from fizzling exports and tourism.
Outlays by state enterprises jumped almost by half to 310.9 billion baht ($9.4 billion) in January through September, government data shows. Officials have set the firms a goal of disbursing 95 percent of their annual investment target.