Thailand plans $33 billion public-private investment projects

 

FILE PHOTO: A view of an empty square ouside CentralWorld shopping mall, which usually is crowded with tourists during a Songkran festival, after the government banned this festival amid fears of the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, April 13, 2020. REUTERS/Soe Zeya Tun

 

BANGKOK (Reuters) - Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht ($33.39 billion) during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.

 

The 92-project plan includes 18 high-priority infrastructure projects worth 472 billion baht, Prapas Kong-Ied, head of the State Enterprise Policy Office, said in a statement.

 

The government has promoted investment to spur long-term economic growth as Southeast Asia’s second-largest economy is heavily reliant on global demand, and exports have been weak.

 

The outbreak is hitting activity and the tourist sector, particularly hard, as Thailand has imposed a night curfew, having closed malls and bars and banned passenger flights to try to limit the spread.

 

The country has reported 2,643 cases of infection and 43 deaths.

 

-- © Copyright Reuters 2020-04-15

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But it appears they cannot pay the 5k a month "help money" causes they have got no cash

 

i senses big problems 

Now?  Projects for the wealthy when people are starving - unbelievable.

 

Scandalous to announce this while people are suffering.

Where does the money for all these projects come from? No prizes for guessing whose fat back pocket a slice of it will end up in. What happens when the music stops and the money runs out?

And the “money goes to”..

Thai government has the funds for the rich but not for the poors. People are selling gold to survive, how ridiculous.

1 hour ago, poohy said:

 

deleted

Edited April 15, 20206 yr by FritsSikkink

30 minutes ago, Yadon Toploy said:

Scandalous to announce this while people are suffering.

This will give people jobs.

56 minutes ago, snoop1130 said:

 

BANGKOK (Reuters) - Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht ($33.39 billion) during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic

No mention of what these projects are just a grandiose figure launched in a cloud of waffle .. Cut aside that we all know where the private partnership will come from strengthening their long term anchored presence in Thailand ..

21 minutes ago, Tarteso said:

And the “money goes to”..

Let's see. How about:

• Charoen Pokphand (CP) Group
• ThaiBev
• King Power Group
• Boonrawd Brewery
• Central Group

for starters.

A good article to put this into perspective.

https://asiatimes.com/2019/12/thailands-five-families-prop-and-imperil-prayut/

 

They may as well have another go at fixing the drainage system in Pattaya, that will get rid of a few billion?

It still won't function though, ...................... 

14 minutes ago, FritsSikkink said:

Not true

Prayut says government has only enough money to pay one month of aid to those affected by coronavirus; Phuket governor reshuffled.

 

https://www.thaienquirer.com/11566/prayut-says-government-has-only-enough-money-to-pay-one-month-of-aid-to-those-affected-by-coronavirus-phuket-governor-reshuffled/

And they going to loose more from tourist what they think! 

15 minutes ago, FritsSikkink said:

This will give people jobs.

It doesn't alleviate their suffering at the moment though.

 

At this time is insensitive at best, arrogant and immoral at worse.

14 hours ago, FritsSikkink said:

This will give people jobs.

People job??!! At the end of this there looking at 10million people unemployed. What number of people and when do you think this project will inject this money? Really??!!

I wonder if a "certain" construction company linked to a "certain" public health minister will get big contracts???

Can't get more blatant. Let 'em eat cake.

 

We know how that ended.