Word: thailander
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Last week, Thai Prime Minister Thaksin Shinawatra appeared to corroborate the report, saying that his government planned to pay Porter $1 million for services—including a visit to Thailand...
...Choi says he has halved his staff, and his orders have all but dried up. Hurt badly by Korea's high cost of labor and the economic slump, he is thinking about moving to China. Hundreds of his compatriots have already gone, and big companies in Taiwan, Malaysia and Thailand are doing the same. "China has the potential to wipe Southeast Asia off the map as a manufacturing base," says Michael Enright, a business professor at Hong Kong University. "These nations are going to have to find new sources of growth...
...break this dependency on the almighty dollar? For instance, why doesn't the Bank of Thailand encourage state enterprises to issue tax-exempt baht bonds offshore, to attract foreign capital in its own currency? Why don't the Bank of Korea or People's Bank of China or Taiwan's Central Bank of China want to diversify their portfolios by buying debt instruments in Asian currencies, such as the baht, which have acceptable long-term track records? Why wouldn't the region's pension funds want won-denominated Korean corporate debt rather than dollar equivalents with much lower yields...
...investment banks, Asian governments are at once paying heavily to borrow medium- to long-term in dollars while getting poor short returns from their own dollar assets. Why not borrow in the local currency? New Zealand, whose 30-year currency track record is far worse than Thailand, has been doing it for years...
...idyll ended abruptly last Dec. 23, the day Lao secret police entered Kerry's office and arrested him. A half hour later, as his wife attempted to walk into Thailand across the Friendship Bridge with her savings of about $50,000 stashed in her dirty laundry, Kay was taken into custody, while two of her children stood helplessly by. The family had become a casualty in a war they didn't even know they were fighting...