Word: baht
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...past five years, Chinese trade with the region is soaring. In the northern reaches of Thailand and Laos, you can find whole towns where Mandarin has become the common language and the yuan the local currency. In Chiang Saen, signs in Chinese read CALL CHINA FOR ONLY 12 BAHT A MINUTE. A sign outside the Glory Lotus hotel advertises CLEAN, CHEAP ROOMs in Chinese. It is not aid from the U.S. but trade with China--carried on new highways being built from Kunming in Yunnan province to Hanoi, Mandalay and Bangkok, or along a Mekong River whose channels are full...
...part, the interim government's financial team maintains that Thailand's economy needs such safeguards against destabilizing foreign forces. With unprecedented capital inflows pouring into Thailand, the baht hit a nine-year high in December, making the country's exports more expensive abroad. Meanwhile, other export-reliant nations like China have kept their currencies' appreciation to a minimum, prompting the Bank of Thailand to unveil its ill-fated capital controls. "I've told the International Monetary Fund that they really need to consider restructuring the world financial system because of these imbalances that are hurting small, open economies," says Bank...
...rude by Western standards to come right out and ask, so they have a set of questions meant to settle the matter: Do you have family here in Israel? Did you ever volunteer on a kibbutz? Do you speak Hebrew? Some prayers maybe? That you learned for your baht mitzvah? What are your children's names? And this last time I flew: Are you a member of a congregation at home? I've learned to recognize these questions for what they are and to simply tell the questioner I'm not Jewish so that he can protest that...
...export business and she says it's getting better. At my hotel, there's a woman whose husband is a taxi driver. Thanks to Thaksin, who made it possible for ordinary people to borrow, he finally has the chance to own his own taxi. For years, he paid 500 baht ($13) a day to rent a taxi. Now he is paying off a loan and after four or five years he will own the taxi. My friend says her husband is very happy. It's like a dream for them...
...group led by the Singapore government's investment arm, Temasek Holdings. Thai regulators probed the deal for any violations, including possible insider trading. On the eve of the sale, Thaksin's son and daughter bought an 11% stake in Shin from an offshore company called Ample Rich for one baht (2.5 cents) a share, then sold to the Temasek-led group for nearly 50 times that. The authorities ruled that the deal was legitimate since Thaksin's children themselves owned Ample Rich, but said it was possible Thaksin's son, Phantongtae, had not properly disclosed his stake in the offshore...