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Mid

Govt to borrow $60mn from JICA
25/08/2009

The cabinet meeting has approved the Finance Ministry's proposal to borrow US$60.61 million from the Japan International Cooperation Agency (JICA).

The money would be used to improve waterworks management of the Metropolitan Waterworks Authority.

Government deputy spokesman Watchara Kannikar said on Tuesday the loan will be a 15-year term with eight per cent of interest annually.

The Metropolitan Waterworks Authority will sign the loan agreement while the Finance Ministry will be the guarantor of the project, Mr Watchara said.

bangkokpost.com

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"Keeping quiet while monks and other peaceful protesters are murdered and jailed is not evidence of constructive engagement." - Arvind Ganesan, Human Rights Watch.

"I think...I think it's in my basement. Let me go upstairs and check" - M.C. Escher

Rural Surin

Debt upon debt upon debt. Never ending deluded cycle.

chitown

When will this welfare sham of a government foot there own bill. All I see is a bunch of Mercedes and big mansions. Brings back memories of people in Chitown paying for their groceries at Aldis and then jumping behind the wheel of their caddy in the parking lot and peeling out.

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It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.