Word: thailand
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Economists say that one of the pillars of efficient markets is the free flow of information. But what happens when information floating around is false? In Thailand, stock-market regulators have decided that's bad for the market?and they're threatening punishment for spreading rumors in the financial community. New rules set down by Thailand's Securities and Exchange Commission (SEC) say stock analysts who issue "negative reports" or pass along rumors will face up to $12,000 in fines and two years of imprisonment. In addition, the commission has established guidelines for securities houses limiting who can speak...
...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 investors who spook as easily as a school of herring, causing volatile price fluctuations. During a roaring market last year (the Thai market's 116% gain in 2003 was tops among the world's exchanges), regulators tried to put the brakes on rampant speculation by tightening...
...challenges her administration faces if she is to keep her electoral-campaign promise to improve the lives of the nation's working poor?and to avoid a potentially disastrous economic crisis. The Philippine economy has long been one of Asia's worst performers, left in the dust while neighbors Thailand and Malaysia have raced ahead. Over the past five years, Philippine GDP growth averaged 3.9%, compared with 6.5% for other developing countries across the region. Chronically high unemployment (currently 13.7%) means about one out of every 10 of the country's 86 million people are compelled to seek work overseas...
Phuket is undergoing a makeover. New resorts in or near Thailand's capital of sun and sleaze are cleaning up the island's image, with chic, boutique properties popping up wherever you cast your sunglassed gaze. Leading the charge is Sanctuary Resorts. The Hong Kong-based, eco-conscious developer recently opened two facilities in the area...
...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 crystal-clear water, but the informed choice is villa 103?perched on a hill with a commanding view of the Andaman Sea. Room rates begin from $170 a night...