Word: baht
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...Guinness Book of World Records as the largest in the world; and one of its 63 discos is among the world's three biggest. Here, in fact, is a travel agent's dream: first-class services at Third World prices, exoticism crossed with elegance. With the Thai baht tied to the declining dollar, Thailand has come to mean the "Land of the Free" in more ways than one. Yet at the same time, the sinuous grace of the land is matched by its bilingual efficiency (a visitor at Bangkok's spanking new airport can go from touchdown to taxi...
Still, Deputy Prime Minister Phichai is determined to solve the problem. Says he: "Even if it would cost 10 billion baht [$435 million], I don't mind." Others fear that the project will fall victim to post-monsoon mat pen rai. Predicts one specialist on flood control: "After autumn, after the rains, they will forget...
...group planned to donate a schoolhouse to Thailand, the King asked pointedly: "What size school-house?" Following a lively discussion of school costs, American Banker George Murphy finally broke the impasse by suggesting, to Bhumibol's apparent satisfaction, that the group's gift be 500,000 baht ($25,000), which the Thais could apply toward school construction of any sort they wished...
...surfeit of Thailand's bounty for world markets. Trains of wooden barges riding low in Bangkok's muddy Chao Phraya River carry rice, corn, copra, reams of incomparable Thai silk, jute-and illicit opium-to export. With the Thai annual growth rate of 7% a year, the baht (formerly called the tical and still worth a nickel), backed by gold and foreign-exchange reserves of nearly $650 million, is one of Asia's hardest currencies. The men who administer the Thai economy, and indeed the whole cadre of Thai civil service, are among the most competent
Gouged Eyes. The Red-carrot approach consisted of offering new recruits to the Peasants Liberation Party a salary of 500 baht per month and the promise of a new tractor for the village. Now the ante is far higher. In Nakhon Phanom province, the Red Chinese are offering a 50,000-baht reward for the murder of Provincial Education Officer Thavil Chanlawong, one of the northeast's most effective anti-Communist workers. In one Nakhon Phanom district, the terrorists have killed 16 villagers in the past year, kidnaped six more, and early this month shot the village doctor...