Word: thailand
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...Singapore government and other investors bought a controlling stake in Thailand's Shin Corp. from the family of Thai Prime Minister Thaksin Shinawatra. The $1.87 billion deal has sparked big protests...
...What is Shin Corp.? It's a conglomerate that owns Thailand's biggest mobile-phone operator and Internet provider. Thaksin ran it until he became Prime Minister in 2001, when he transferred his stake to family members and household employees to comply with a ban on cabinet ministers owning shares in firms deemed to be in the "national interest," like telecoms...
...reported that Thaksin's family wanted him to concentrate on politics. Indeed, the sale provides the Prime Minister with a vast war chest should he decide to campaign for a third term. But the motivation could also be commercial: an offer too good to refuse at a time when Thailand's telecom sector is being deregulated and will become more competitive...
CAPTURED Caught in Ayutthaya, Thailand, August...
None of sugar's major producers have gone unscathed. Brazil, the world's largest exporter, is diverting more of its drought-shortened crop to the production of ethanol, a cheaper alternative to imported oil. In Thailand, the world's No. 2 exporter, supermarkets have begun rationing supplies. Drought in 2004, the worst in 40 years, reduced output by more than 2 million tons...