Bending over backwards: bail-out of Thai firm raises questions
Article Abstract:
Business analysts have accused the Thai government of going out of its way to save the financially-strapped First City Investments Ltd (FCI). Critics claim that the government has been aware of FCI's predicament even before it was announced to the public. Analysts have also claimed that FCI had asked the Bank of Thailand for assistance. The bank had then brockered a deal with Industrial Finance Corpof Thailand and the Fund for the Rehabilitation of Financial Institutions. Bankof Thailand officials have denied the allegations, although it is an open secret that FCI has politically well-established connections.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Dangerous addiction; Thai businesses depend on illegal immigrants
Article Abstract:
Thai government officials and economists are concerned that too many Thai companies are becoming dependent on low-paid foreign workers especially illegal immigrants from Burma. Deputy prime minister for economic affairs Amnuay Virawan explains that 'there's no substitute for improving competitiveness by using technology'. One proposal to solve this problem by easing legal restrictions recommends the establishment of a special industrial zone along Thailand's Burmese border which would allow foreign workers to be registered and screened for health disorders.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Dangerous habits: Thai disasters spotlight building and safety codes
Article Abstract:
Two disasters in 1992 demonstrate the insufficiency of Thailand's building and safety codes. A fire at a toy factory in Bangkok killed 189 people in May, while in August at least 120 died when the six-story Royal Plaza Hotel in Nakhon Ratchasima collapsed. Thailand's rapid economic growth has rendered existing building regulations inadequate, a problem compounded by the lack of inspectors and the often brazen disregard for safety, as when the hotel's owners added three new floors without reinforcing the original building.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Comment about this article or add new information about this topic:
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