Following the Constitution Court ruling on Wednesday in favour of the legality of two executive financial decrees, one urgent task is to construct riverside flood prevention walls with a budget of at least Bt30 billion, said Deputy Prime Minister and Commerce Minister Kittiratt Na Ranong.
Construction of flood prevention walls along the rivers are aimed at replacing sandbag embankment used during the flood crisis last year.
The decrees will allow the government to borrow Bt350 billion in loans and transfer debt from the Financial Institutions Development Fund FIDF to the central bank.It is the duty of the House Speaker to present the motion to Parliament for consideration and the government is ready to clarify that while administrative work on water management will be done in parallel, Mr Kittiratt said.Another Bt60 billion of budget will be allocated to implement a floodway project with two million rai 800,000 acres of land to be used as water retention areas, he said.
The government has conducted a survey and found the appropriate 1.5-million rai 600,000 acres plots of land.The budget has already included compensation money to be paid for residents in those areas.
Thailand aims to push its games and content industry
After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.
Thailand’s H1 Investment Applications rise 158% in combined value, BOI says
Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.
In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.(more…)
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...