TPI, facing potential loss of profits, protests Bangkok's tariff cuts on plastic

Article Abstract:

Thai Petrochemical Industry PCL, the largest plastic producer in Thailand, has denounced tariff cuts imposed by the government effective Jan. 1, 1995. The country's average import duties on over 3,900 products have been trimmed to 17%. The tariff decreases are forecast to result in a 15% annual downturn in the company's net profits over the next three years. It has thus petitioned the Finance Ministry to also slash duties on its imported raw materials to offset the tariff cuts on its plastic pellets.

Plastic Materials, Plastics Material and Resin Manufacturing, Plastics materials and resins, Tariffs & Duties, Finance, Plastics industry, Plastics, Tariffs, Thai Petrochemical Industry Company Ltd.

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Central bank eases some controls on foreign exchange

Article Abstract:

The Bank of Thailand removed majority of the remaining foreign-exchange controls in Jan 30, 1998 and the stock market recovered. The move to ease controls conveys a mounting certainty in the Bath, indicating that the panic stage of the country's economic chaos has concluded. Thailand's newly installed administration and constitution are helping the country gain favorable disposition from foreign investors.

Intnl Economic Policy, Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Laws, regulations and rules, Foreign exchange, Economic development, International economic relations, Baht (Thailand)

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Thailand is looking better, but it's still early days

Article Abstract:

Thailand's economic reform efforts have attracted several foreigners into buying into the country's stock market. Nonetheless, there are multitudes of other foreign companies who are shying away from the Stock Exchange of Thailand Index since it is down another 17% since Oct 31, 1997. Many investors claim they have been overwhelmed by the country's economic reforms since November 1997.

Foreign Investment Regulations, Economic Planning & Research, Foreign investments, Foreign corporations, Economic conditions, Foreign investment laws

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