Connect with us

Corporate

Thai government to invest $165M in dykes

The Thai government will partly fund construction of a series of flood-protection dykes around all industrial estates with the budget of five billion baht

Avatar

Published

on

The Thai government will partly fund construction of a series of flood-protection dykes around all industrial estates with the budget of five billion baht, Payungsak Chartsutipol, Chairman of the Federation of Thai Industries FTI said today.

The Flood Recovery and Restoration Committee on Economy, Industry and Livelihood, chaired by Deputy Prime Minister/Finance Minister Kittirat Na-Ranong, on Friday agreed to allocate a portion of the state budget from the Bt350 billion loan decree to fund private sector projects to construct flood protection dykes around industrial estates at a ratio of 2:3 of the total cost of construction.

The Thai government will partly fund construction of a series of flood-protection dykes around all industrial estates

The Thai government will partly fund construction of a series of flood-protection dykes around all industrial estates with the budget of five billion baht

For the remainder of the cost, covered by entrepreneurs themselves, they can apply for loans from the Government Savings Bank at a 0.01 per cent interest rate and the debt repayment period will be extended from seven to 15 years.The move is aimed to build confidence among investors in addition to helping the private sector.

If the dyke construction plan is tangible, the insurance premiums that the entrepreneurs will pay will also drop, Mr Payungsak said.Meanwhile, the construction plan must be clearly explained to local residents so they understand the dykes will not block floodways and will not affect the residents.

All industrial estates are expected to finish building the flood-prevention walls by the end of August.Late last year, major industrial zones in Thailand central provinces, in particular Ayutthaya and Pathum Thani, were hard hit by the country’s worst floods in decades and were forced to halt operations for months. MCOT online news

Photo Credit: Stop Global Warming Associaiton website http://www.thaisgwa.com/

via Govt provides Bt5bln to build dykes for industrial estates.

Comments

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Pr News

Published

on

By

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

(more…)
Continue Reading

Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Pr News

Published

on

By

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

(more…)
Continue Reading

Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Olivier Languepin

Published

on

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval  for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,609 other subscribers

Trending