Thai cabinet approves $13.7 billion investment from state-owned companies

BANGKOK (Reuters) – Thailand’s cabinet on Tuesday approved 500 billion baht ($13.76 billion) worth of investment from state-owned companies, government spokesperson Chai Watcharong said.

The cabinet also approved new borrowing worth 194 billion baht for the 2024 fiscal year, which starts in October.

($1 = 36.3500 baht)

(Reporting by Chayut Setboonsarng and Panarat Thepgumpanant, Edited by Kanupriya Kapoor)

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