Italthai finds reasons to be cheerful

Italthai Group, one of Thailand’s oldest construction and hospitality companies, sees a positive outlook for domestic construction despite the pandemic, thanks to spending worth 60-70 billion baht from the annual state budget on infrastructure projects.

The construction sector, together with heavy machinery, is benefiting from new road construction and repair, reservoir projects as well as state investment in the heavily-promoted Eastern Economic Corridor (EEC) scheme, a new high-tech industrial hub for the country.

The government has allocated 60-70 billion baht a year via infrastructure development to the provinces as part of its efforts to boost local economies, according to Italthai Group chief executive Yuthachai…