State of confusion
Article Abstract:
Foreign financial experts are confused, and local experts are fearful, concerning the future of the Thai baht and the Thai economy. The baht fell by 30% in the 12 days after its flotation on Jul 2 1997, but the Bank of Thailand has been virtually silent on the issue. The Bank of Thailand had earlier said it would help troubled financial companies but, with no actions forthcoming, foreign creditors are now threatening to pull out of Thailand. Local people's fears arise from the threat of rapid inflation if domestic companies are allowed to raise their prices to meet their rising import costs.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
The jaws of hell: new projects stoke memories of 'death railway.'(Rod Beattie seeks to build monument to prisoners of war in Thailand)
Article Abstract:
Rod Beattie is an Australian who aims to build a monument to prisoners of war of the Japanese who built a railroad from Thailand to Burma in the 1939 to 1945 war. He aims to site the monument at Hellfire Pass, four to five hours traveling from Bangkok, where 400 prisoners died. The Australian government is providing financial support for the project. The museum is scheduled for completion in 1997 and Beattie aims to educate visitors about events in the war.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
The bright side: believe it or not, Thailand isn't all gloom and doom
Article Abstract:
Sawasdi Horrungruang is chairman of N.T.S. Steel Group, Sun Tech Group and Nakorn Thai Strip Mill of Thailand, and is well placed to weather the strictures of Thailand's IMF-sponsored rescue package. However he blames the tight liquidity situation on the independence granted to the Bank of Thailand. He feels that cutting costs, bringing in high tech equipment and paying fewer employees higher wages is the prescription for the corporate sector.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The benefits of carbon counting. The unsolved problem of the new urbanism. A new vision for London
- Abstracts: Status symbol: Chongqing's promotion brings it under Beijing's wing. Pox on Bean-counters: Chinese peasants don't like them, and it shows
- Abstracts: Manila may have to fight to fund big city projects. Manila basks in the glow: success of summit is a boon for the Philippines
- Abstracts: Strategy, acquisitions and value. The Strategic Management of Corporate Value. Strategic behaviour: the driving force of strategic management
- Abstracts: Striving for a place in the sun. They think it's all over. The Northwest leads the way