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Thailand's thinly stretched state agencies urged to avoid foreign loans.
Byline: Chatrudee Theparat
Jul. 5--Concerns over Thailand's US$19 million (773 million baht) current account deficit in April, the first in two years, have prompted state agencies to revise next year's investment plans to reflect the use of more local content.
In addition, the 49 state agencies have been asked to consider obtaining new loans from local sources instead of looking overseas to avoid higher costs expected from a gradual increase in interest rates in the near term, said a source at the National Economic and Social Development Board (NESDB).
The source said the revisions were necessary even though the Bank of Thailand remained ...
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