Central bank's figures show it spent heavily since 1996
Article Abstract:
The Bank of Thailand, Thailand's central bank, said it secretly propped up ailing banks with 1.1 trillion baht equivalent to $25.46 billion since the middle of 1996 on the orders of two successive finance ministers. Ironically, the Bank of Thailand eventually shut down most of the financially troubled banks it had been supporting. The bank bailout, which was equivalent to $25.46 billion, was greater than the country's budget and severely drained its resources.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1997
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Rough time before the green for Asian golf
Article Abstract:
The Asian economic crisis has impacted the business of Australian and American golf course designers. However, the Chinese market is unaffected by the crisis and picking up the slack according to Peter Thomson. The firms are facing difficulties in getting paid for completed projects. Great White Shark Enterprises has formed a joint venture with Macquarie Bank to develop its own business.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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