Word: thailand
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...economies. They are the prime beneficiaries of the demise of the communist and socialist ideology, the invention of instant and free communication, and efficient transportation and distribution, as well as easy U.S. monetary policies. Investors would do well to have a significant overweight position in countries as diverse as Thailand, Malaysia, Vietnam, Taiwan and Singapore, which are likely to significantly outperform the U.S. over the next few years...
...Hanoi doesn't see Chanh in quite the same light. The government accuses him of masterminding a failed 1999 plot to blow up Vietnamese monuments and of ordering the 2001 bombing of its embassy in Phnom Penh, as well as other attempted attacks both in Cambodia and Thailand. In a 2001 interview with TIME, Chanh boasted of his involvement in the 1999 plot; he added that his operatives in Vietnam were planning more bombings to destabilize the government and that he "control[led] the codes" for the explosives. The Vietnamese government has declined to say whether it is seeking Chanh...
...birth of modern Pattaya began in the mid-1960s, when the U.S. opened a nearby air base and an influx of battle-weary and pleasure-hungry troops turned a quiet fishing village on Thailand's eastern seaboard into an R. and R. playground. Though the soldiers went home in the 1970s, Pattaya remained a preserve of anything-goes hedonism?and an object of either love or loathing, depending on whom you asked. Now the city, already Thailand's second biggest tourist draw with more than 5 million visitors annually, is poised for another reinvention, and once again...
...airport is going to bring Pattaya more tourism and investment," says Soamaphat Traisorat, deputy CEO of Bangkok-based developer TCC Capital Land, which is building luxury villas and condos by Jomtien Beach, 5 km from downtown. "If someone wants to hold a conference or a business meeting in Thailand, they'll be able to do it in Pattaya just as easily as in Bangkok, and they'll get to be on the beach as a bonus," he says...
...Other names are looking to cash in: Sheraton and Marriott have opened high-end Pattaya resorts, and Le Meridien has a project under construction. Chattan Kunjara Na Ayudhya, international p.r. director for Thailand's Tourism Authority, also predicts that the new growth will "divert, if not negate" attention generated by the city's racier side. And while he cautions that any transformation "will have to happen over a number of years," it nonetheless seems that the dubious legacy of the old U.S. airstrip may one day be eclipsed by Suvarnabhumi's economic blessings...