Thailand Hurries $15 Billion in Stalled Projects to Spur Growth

Thailand is betting that speeding up 480 billion baht ($14.8 billion) in stalled investment projects will help support economic momentum as it races to compete with regional peers for foreign capital.

Economic ministers on Monday approved the “Thailand Fast Pass” plan to accelerate roughly 80 major projects that already have Board of Investment approvals but are bogged down by state permits, visas, utilities and factory construction, Finance Minister Ekniti Nitithanprapas said.