Word: thai
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Dates: during 2000-2009
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...immediate cause of the crackdown was a recent spate of reports that the government planned to unload some of its holdings in Krung Thai and Siam City banks, which caused their share prices to plummet?and prompted Thirachai to pointedly deny the reports and announce the new restrictions at a hastily convened press conference. That incident was just the latest example of regulators trying to control an unruly market. With a total capitalization of only $121 billion?far less than half of Microsoft's current market cap of $295 billion?the Stock Exchange of Thailand (SET) is dominated by small...
...Khao Lak on the mainland and better known among divers as the jumping-off point to the Similan Islands. It's now also home to La Flora, Sanctuary's sleek, 68-room resort. Staff members are clad in black, and so is much of the property. The style: contemporary Thai. Room rates start around $85 a night. Meanwhile, a 30-minute speedboat ride away from Phuket's main town, on Racha Island, lies the Racha. Fronting one of Thailand's most pristine beaches, this Sanctuary resort boasts 70 villas. Some of these sit right on the sand, just meters from...
...mainland from Phuket airport lies Khao Lak, better known among divers as the jumping-off point to the Similan Islands. It's now also home to La Flora, Sanctuary's sleek, 68-room resort. Staff are clad in black, as is much of the property. The style: contemporary Thai. Room rates start at around $85 a night. A 30-minute speedboat ride away from Phuket's main town is Racha Island, and an eponymous resort. Fronting one of Thailand's most pristine beaches, the Racha boasts 70 luxurious villas. Some of these sit right on the sand, just meters from...
...This fatalism is mirrored in Asia's motoring society as a whole. Bangkok-based professor Yordphol says many Thai motorists believe that no matter how defensively they drive, their fate is predetermined. "We are trying to persuade them that accidents are not an act of God," Yordphol says, "that you can avoid them if you are careful, obey the laws, and not speed or drive under the influence...
...jumping in with both feet," says Scott Fisher, managing director of the Innovation Group, "but with a big life raft attached." U.S. casino executives are trying to sweet-talk other governments too. Although Thailand and Singapore have yet to legalize gambling, MGM Mirage's Lanni has met with Thai Prime Minister Thaksin Shinawatra to discuss a potential development, and the Sands' Weidner in May offered Singapore $2 billion to put a casino resort on its Sentosa island. Won't this global expansion of gaming hurt the chances of attracting foreign visitors to Vegas? Not at all, say industry optimists...