Legal hurdle
Article Abstract:
The International Monetary Fund has demanded that Thailand introduce reforms to its bankruptcy legislation so that $18 billion of assets can be obtained from 56 finance companies which closed in 1997. However, the revised law which is being put through parliament is not likely to do this. It proposes the introduction of a restructuring and rehabilitation procedure but does not speed up the liquidation of company assets. Official receivers do not make much effort to collect money for creditors. Some members of the Senate have vested interests because they are executives of the companies involved.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1998
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Rude neighbor: spillover of Burmese fighting tests Thailand's patience
Article Abstract:
Burma's Feb 22, 1995, success in forcing the Karen resistance out of its last stronghold has strained the country's relations with Thailand but do not seriously jeopardize the latter's strategy of 'constructive engagement.' Burmese forces sometimes have crossed into to and shelled Thai territory, leading Thai officials to cancel a visit. Continued fighting with guerrilla units based in Thailand are probable. Other ASEAN countries are untroubled by the incursions because they feel that if the guerrillas are defeated, the Cambodian government will be less repressive.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Border burdens: insurgent defeat poses problems for Thai army
Article Abstract:
Thailand is facing a new security threat with the Burmese army preparing to crush the Karen National Union. Thailand will confront Burmese troops along the western border, but will need to consider the security of an estimated 100,000 refugees from Burma. They could increase border security or call on international agencies to monitor the situation, such as the United Nationals High Commissioner for Refugees. Regional representative for the UNHCR in Bangkok, Amelia Bonifacio, believes that the refugees should be relocated to ensure their safety.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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