Word: thailander
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Narongchai Akrasanee, senior vice president of the Industrial Finance Corp. of Thailand, reported that debt loads are much less onerous in the developing countries of Asia. Only the Philippines, which owes $26 billion, is considered to have a major problem, and that, he said, is "manageable." Oil-producing Indonesia could have future difficulties in servicing its $37 billion debt, but those too, Narongchai asserted, can be handled...
...visible in 100 countries that have tapped World Bank funds. The bank has loaned some $118 billion since its inception. It has helped finance housing and sewage systems in the Brazilian slums of the city of Recife, irrigation systems in India and the construction of electrical generating plants in Thailand. Occasionally the bank comes a cropper. One dud project: the $110 million Bura irrigation scheme in Kenya, in which the World Bank participated and which the country's President, Daniel arap Moi, last January denounced as "a failure, a disgrace and the height of mismanagement." But usually the bank...
...promise of a relatively inexpensive package deal. It typically includes airfare, accommodations, three buffet-style meals a day, theme parties and nightly entertainment, all for an average per-person price of $1,100 a week. More than 20 villages, from Punta Cana in the Dominican Republic to Phuket in Thailand, have installed personal computers for executives to toy with when far away from the office. The new appeal to companies helped increase Club Med's revenues by 17% last year, to $843 million, and profits by 8%, to $38 million. For executives who have no time...
Tourists on Thailand's idyllic Phuket Island, where more than 300,000 visitors annually enjoy palm-lined beaches and seaside restaurants, were hard put last week to find much serenity. The peace was shattered by some 50,000 rampaging residents, angry at the projected opening of a tantalum factory near downtown Phuket. Protesters feared that pollutants from the refining of tantalum, a tin by-product used in the production of electronic equipment, might poison both the island's water supply and its blossoming tourist trade...
...socializing Bangkok, the hands-down pinups of Southeast Asia are the Yale flashdancer with exactly two movies to her credit and the pouting young starlet from Private School. Farrah, Christie, even local actresses hardly get a look-in. Unlike many American fan letters, reports Cates, "the ones from Thailand are all so sweet and complimentary." Ah, the blunders of the West...