Bangkok to purchase stake in troubled tollway firm

Article Abstract:

The Thai government has announced its intention to purchase financially-stricken Don Muang Tollway PCL. The company suffered losses after the government reneged on an agreement allowing Don Muang to demolish an old highway to Bangkok's international airport to encourage motorists to use the tollway. Government officials have yet to decide whether to purchase 69% of Don Muang's 3.04 billion baht capital or buy new shares after the company raises more equity capital.

Highways & Streets Constructn, Highway and Street Construction, Construction industry, Mergers, acquisitions and divestments, Road construction, Toll roads, Don Muang Tollway PCL

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Finance minister's plan to aid economy sparks optimism

Article Abstract:

Thai Finance Minister Amnuay Viravan has developed an action plan to hasten Thailand's economic development. The plan seeks to deregulate monetary policy, maintain currency and price stability, and foster income and wealth distribution. Other measures include privatization of public enterprises, enactment of more transparent business laws, preservation of the ailing Bangkok Bank of Commerce PCL and liberalization of the financial sector.

Economic Programs, Administration of Economic Programs, Viravan, Amnuay

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Amnuay says baht to remain stable for now

Article Abstract:

Thai Finance Minister Amnuay Viravan has denied plans to change the value of Thailand's currency until economic stability is achieved. Foreign investments remain strong due to the baht's stability and the country's offer of high interest rates. However, the flood of short-term cash could destabilize the Thai economy. Viravan assures that a more flexible currency system recommended by the International Monetary Fund will be implemented.

Administration of General Economic Programs, Currency Stabilization Programs, Monetary policy, Currency stabilization, Viravuan, Amnuay

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