Thailand’s Senate has approved a bill that will allow the government to borrow US $69.5 billion to build high-speed train lines and other transport infrastructure over the next seven years. The Senate on Wednesday voted 63-13 in favor of the financing plan that will authorize the Finance Ministry to seek loans worth 2.2 trillion baht from domestic and foreign sources by 2020. The government has said the projects will boost Thailand’s economic growth, create jobs and improve investor confidence. Critics say the bill could reduce transparency by bypassing the annual budget process and raise public debt to unacceptably high levels.—AP
Exodus: Tens of Thousands Flee as Myanmar Junta Troops Face Last Stand in Kokang
Myanmar National Democratic Alliance Army troops are opening roads and pathways through forests for people to flee Kokang’s capital as...
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