BANGKOK -- Thailand is taking the lead in creating a regional fund with its neighbors, Cambodia, Laos, Myanmar and Vietnam, to back infrastructure and other development projects and to lessen reliance on Chinese investment.
Prime Minister Prayuth Chan-ocha is expected to propose the idea to the leaders of the five countries in Thailand on June 16 at the 8th summit of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy, or ACMECS. This regional organization was initiated by Thailand in 2003.
