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Thailand to kick-start laggard economy

BANGKOK — Thailand will accelerate its investment spending and set a new target for economic growth this year, the finance minister said on Monday, as the government seeks to kick-start an economy that has lagged regional peers.

The government wants to see at least 70 percent of the investment budget disbursed within the current fiscal year ending September, Pichai Chunhavajira said at a meeting of economic ministers to discuss stimulus measures.