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Thai government mulls loans to regional neighbors.
Byline: Wichit Chantanusornsiri
Jul. 5--The government is considering increasing foreign aid to neighbouring countries by another six billion baht, following the previous approval of a three-billion-baht assistance programme.
Finance Ministry officials said the new assistance would be structured as soft loans to Burma, Laos and Cambodia under a project aimed at strengthening economic ties within the region.
Authorities hope that by offering development aid, Thailand in turn will benefit from a larger potential market to export goods and services to in the future.
The government is in the process of drafting the legal framework for a ...
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Source: HighBeam Research, Thai government mulls loans to regional neighbors.