Thailand mulls over THB2.3 trillion infrastructure investment

In hopes of ''rebalancing the economy''.

According to OCBC, Finance Minister Kittiratt indicated that the government is mulling over a THB 2.3tn infrastructure investment 7-year plan as part of its policies to push for a rebalancing of the economy going forward, in a bid to also continue improving Thailand’s sovereign credit rating. Added that the government targets a balanced budget by 2016.

"PTT Group said that it plans for a total of USD 36.3bn worth of investment in the 2013-2017 period, and estimated about 50% of that to be done overseas. Myanmar, Vietnam, Indonesia and Malaysia are key destinations in the offing," OCBC further noted.

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