25-Oct-18, The Nation
Siam Cement Group has reduced its investment budget for 2018 and 2019 in the face of the global economic uncertainty arising from the trade war between China and the United States.
%20The%20Nation.jpeg "SCG trims investment outlays as trade war dampens mood (c) The Nation")
Image: The Nation
The 2018 investment budget has been cut from THB50 bn (USD1.5 bn) to THB45 bn (USD1.4 bn). In 2019, the group will invest no more than THB60 bn (USD1.8 bn) and that may be reduced subject to the deliberations of the board and management.
However, the group's investment in a petrochemical complex in Vietnam will be maintained, in line with the investment plan.