Unfair to foreign lenders?
Article Abstract:
Several developments in Thailand have served to discourage foreign lenders to provide loans in the country. The Thailand government has decreed that the performance assets of 16 troubled firms be shifted to stronger organizations, which left underperforming assets to foreign creditors. The Industry Ministry has further recommended that Thai borrowers should postpone debt repayments, particularly foreign debts. At present, the country has around $90 billion in foreign debt, a significant part of which is borrowed by the private sector.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Asphalt paves Tipco's road to growth, enabling company to weather politics
Article Abstract:
The rise of asphalt highway construction projects in Thailand is expected to boost Tipco Asphalt PLC stock prices. Tipco's stock rose rapidly after Thai PM Banhard Silpaarcha initiated the countrywide project in 1995. The stock's value, however, suffered during mid-1996 when the prime minister's popularity declined. Stock analysts believe that the stock will rebound since the construction projects are expected to continue even if Silpaarcha is replaced.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Expanding firms spark feeding frenzy to staff securities offices in Thailand
Article Abstract:
Securities companies in Thailand are pirating each other's talents to beef up their staff. For example, Kleinwort Benson Securities offered 20%-50% salary increases to employees of rival Crosby Securities Ltd. A good foreign analyst receives about $100,000 a year. The bidding war and serious talent shortage in Thailand have increased the compensation of analysts and salespeople to generous proportions compared to their Asian counterparts.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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