(Photo by Chanat Katanyu)Prime Minister Prayut Chan-o-cha has called for the nation to spend in US dollar terms to increase capital outflows and weaken the baht. "We need to think about how expenditures can be made in dollar terms to boost capital outflows. The government must brace for Thailand's demographic shift to ensure sustainable development in the future, he said. Thailand will become an aged society by 2021, with the global economy slowing, disrupted by technology that affects both trade and investment. Thailand needs to continue investing in infrastructure, but a balance in development should be the priority, he said.

Source: Bangkok Post December 02, 2019 23:16 UTC