Outlook grows bleaker or sovereign debt ratings

Article Abstract:

Standard and Poor's move to downgrade the credit ratings of Thai banks would likely result in another cry for help to the International Monetary Fund. The downgrade effectively makes application for loans more difficult and effectively raises interest rates for Thai banks. Stadard and Poor maintains that the outlook for Thai banks remains bleak and that the credit ratings of these institutions could closely follow that of South Korea's whose bonds have been downgraded to 'junk' status.

Banking Institutions, Depository Credit Intermediation, Other Financial Vehicles, DEPOSITORY INSTITUTIONS, Security & commodity services, not elsewhere classified, Financial Record Keeping Services, Analysis, International Monetary Fund, Reports, Banks (Finance), Thai foreign relations, Credit ratings, Credit bureaus, International economic relations, International finance, Financial records management, Standard & Poor's Corp. Standard and Poor's Debt Rating Group

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Thai exporters ride tide

Article Abstract:

Frozen-seafood producer Thai Union Frozen Products' shares soared to new heights with a 160% increase from their value On Jun 30, 1998, closing at 150 baht each. Furthermore, several analysts maintain the increase will continue. Sanyalaksna Manibhandu, head of research for ING Barings in Thailand, estimates that Thai Union's stock price may boost another 50% to amount to 194 baht by 1999 in light of the weakened currency.

Fresh or frozen prepared fish, Fresh and Frozen Seafood Processing, Other Frozen Pkgd Fish ex Shellfish, Food industry, Securities, Frozen seafood, Frozen fish, Thai Union Frozen Products PCL

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Cost-cutting at Thai firms extends reach: one dims lights at lunch, pulls phones; another trims pension

Article Abstract:

Thai firms have made several strides to reduce costs including limiting the number of phone lines in use, controling electricity use and pension cutting. All these efforts are a response to the economic crisis in the country that regulators and businesses alike are trying to control. Still other companies have limited the number of privileged employees to the number of department heads.

Cost Control Techniques, Management, Costs, Industrial, Industrial costs, Cost control

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