Market Review and Trends
BoI sets investment projects in motion
By Clueless Punter  •  June 20, 2014
The Board of Investment, headed by junta chief Gen. Prayuth has approved major projects worth 120 billion baht yesterday! I have been waiting on some of these to materialise months ago when the whole protest ruckus took me by surprise.  Of the 18 projects approved yesterday, automobile-related projects made up the bulk, including Toyota's 51.5 billion baht project to produce 570,000 pickup trucks and 4.8 million auto parts a year. The junta has pledged to clear all 700 pending applications worth 800 billion baht within two months. Projects given priority are those with advanced technology, R&D, local products, green and renewable energy industries. The NCPO has also vowed not to help farmers by providing subsidies or money but will help in other indirect ways. Source: Nation
Everything came to a standstill and so far the Kingdom has been buzzing with activity since the junta took over. Barring ...
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By Clueless Punter
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