What happened this past week 01.03.13

Positive(s)

Thailand

  • Govt to boost infrastructure spending to B4tn — The cabinet on Wednesday endorsed a master plan to develop various infrastructure projects over the next seven years. The plan will allow the Finance Ministry to borrow Bt2.2tn for the projects. Mr. Kittiratt, however, said that sum will only be enough to finance major transport routes within the master plan. The government will need another Bt2tn to finance the rest, he said. Transport Minister Chadchat Sittipunt said logistic costs stand at 15.2% of gross domestic product (GDP). The infrastructure development plan will eventually help lower the cost to 13.2% of GDP. 
  • Exports surge on industrial recovery — Thai exports surged 16.1% in January from the same month last year as a global recovery boosted demand.
  • BoT mulls raising GDP estimate — This year’s economic growth projection looks set to improve as the central bank may revise up its 4.9% figure in line with the improving local and regional economies, says governor Prasarn Trairatvorakul Continue reading What happened this past week 01.03.13