Thai cabinet gives nod to $11 bln fund for flood plan

A 350 billion baht budget was approved on Tuesday by Thailand's cabinet for infrastructure and water management aimed at restoring investor confidence and averting a repeat of a recent devastating flood crisis, reports Reuters. It was also agreed that a separate 50 billion baht was going to be used for insurance funding and to establish a single command body for the national water management, said Deputy Prime Minister Kittirat Na Ranong.