Building a bailout

Article Abstract:

The Thai government has drawn up a scheme for rescuing the country's banks, which are being negatively affected by high levels of nonperforming loans. This scheme will involve state intervention and a certain amount of nationalization. Rescuing the banks will prove very expensive, with analysts estimating that the leading seven banks will require $10 billion before they will be in a position to offer loans again. Some local bankers are worried that the scheme will rescue larger banks, keeping them intact, while smaller banks will be split up and lose their licences to foreigners.

Commercial Banks, Commercial Banking, Banking industry, Bank failures

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Uncertain road

Article Abstract:

Investors agree with newly-elected Thai Prime Minister Chuan Leekpai that Thailand needs to increase exports to have any hope of getting out of its economic difficulties, but the prospects of being able to do this are uncertain. The baht devaluation has produced signs of improvement in some traditional export areas, including the clothing and footwear industries, but the liquidity problem appears to be too large for companies to take full advantage of the devaluation to boost exports.

Economic Programs, Administration of Economic Programs, Economic aspects, Economic policy, Economic indicators

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