Bangkok moves to stabilize its foundering finance sector
Article Abstract:
Thailand's cabinet passed four new laws designed to ease foreign investments in the country's financial industry. The laws were speedily passed through the measure of executive decrees instead of passing through parliament. The laws increase foreign ownership in banks and finance companies to exceed the 25% limit on a case-to-case basis, ease mergers between financial institutions by protecting them from creditors, allow finance companies to sell off their loans in the form of securities and establish a state agency to buy mortgage loans. Foreign economic analysts believe the laws would be more effective were Thailand to impose new bankruptcy laws, which would allow creditors to seize assets by firms defaulting on their loans.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Approval of amendments advances Thailand's move toward democracy
Article Abstract:
The constitutional amendments approved by the Parliament in Thailand marks the country's step toward democracy. This would strengthen democratic institutions and protect civil rights. Advocates of democracy complain, however, that the constitution fails to curb the powers of the Senate. The bill regards a suspect to be innocent until proven guilty and requires that bail requests should be processed quickly. Only a court order can close down publications. The voting age has been lowered to 18.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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The Thai Trust Fund scheme persists as premium concern to foreign investors
Article Abstract:
Many foreign investors are concerned that the implementation of the Thai Trust Fund system will adversely affect the premiums on Thai stocks. The system will limit the amount foreign investors can purchase in Thai banks to 25% and 49% for most Thai companies. However, analysts noted that the implementation of the new system is still too far off and foreign investors can still generate substantial profits from Thai stocks.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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