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Thailand's economic ministers agreed Wednesday to spend 1.9 trillion baht (54.28 billion dollars) over four years to try and stimulate an economy hit by global and domestic upheaval, the premier said. Prime Minister Abhisit Vejjajiva, who has been in power for just over two months, said the long-term investment plan would focus on reviving the battered economy through joint investment with the private sector. The three-to-four year plan will focus on infrastructure, tourism, education, public healthcare and water management, a government statement said.

 

Thailand's economic ministers agreed Wednesday to spend 1.9 trillion baht (54.28 billion dollars) over four years to try and stimulate an economy hit by global and domestic upheaval, the premier said. Prime Minister Abhisit Vejjajiva, who has been in power for just over two months, said the long-term investment plan would focus on reviving the battered economy through joint investment with the private sector. The three-to-four year plan will focus on infrastructure, tourism, education, public healthcare and water management, a government statement said.

 

Thailand's economic ministers agreed Wednesday to spend 1.9 trillion baht (54.28 billion dollars) over four years to try and stimulate an economy hit by global and domestic upheaval, the premier said. Prime Minister Abhisit Vejjajiva, who has been in power for just over two months, said the long-term investment plan would focus on reviving the battered economy through joint investment with the private sector. The three-to-four year plan will focus on infrastructure, tourism, education, public healthcare and water management, a government statement said.

 

Thailand's economic ministers agreed Wednesday to spend 1.9 trillion baht (54.28 billion dollars) over four years to try and stimulate an economy hit by global and domestic upheaval, the premier said. Prime Minister Abhisit Vejjajiva, who has been in power for just over two months, said the long-term investment plan would focus on reviving the battered economy through joint investment with the private sector. The three-to-four year plan will focus on infrastructure, tourism, education, public healthcare and water management, a government statement said.

 

 Local gold prices have hit an all-time high, soaring to break 16,000 baht per one-baht weight (15.16 grammes), following rising world gold prices as investors continue to seek safe-haven bullion as the global economy deteriorates. Thai gold prices were yesterday quoted at 15,750 baht per one-baht weight for gold bars and 16,150 baht per one-baht weight for gold ornaments, rising from 15,400 baht and 15,800 baht respectively. Gold Traders Association chairman Jitti Tangsithpakdi said local gold prices would continue to fluctuate and increase significantly in line with global gold prices.