Word: thais
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Dates: during 1990-1999
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...that's just from the U.S. military. Though no contracts have been signed yet, Omnitech's exhibits at defense fairs in Bangkok and Abu Dhabi attracted Thai and Qatar representatives, who have opened active negotiations. In Canada and Norway the company has been invited to bid on outfitting vehicles with mine-clearing machinery. In Japan, Omnitech is angling to join a consortium that hopes to undertake a cleanup of unexploded World War II ordnance in China. For countries that need to clear minefields but lack the money to buy Omnitech's kits, which cost $125,000 to $150,000, Parish...
Meanwhile, economists are slashing their projections for the region. The Goldman Sachs investment firm predicts Malaysia's growth in 1998 will slow to 4%. Investment giant Morgan Stanley foresees that growth in the beleaguered Thai economy, which from 1993 to '96 averaged 8.2% annually, will shrink 1.5% next year...
...final glimpse of the jeweled costumes, The King and I at the Wang is an absolute treat for the eyes. Director Christopher Renshaw and scenic designer Brian Thompson use many beautiful details to create Thailand in the 1860s, including 14 30-foot tall bejeweled golden elephants, exquisite replications of Thai furniture and red and gold attired servants in traditional gold Thai headdresses. The muted crimson and violet lighting and the goldtiled altars and thrones add perfectly to the overall effect of opulent elegance. One could easily sit for two hours just watching the grandeur on the stage without noticing...
...Argentina, some homesick investors may be second-guessing their decision to become players in the ballyhooed global economy. Certainly, the carnage in Asia has been enough to give anyone doubts. In a move most pros didn't see coming, Thailand devalued its currency, the baht, on July 2. Thai stocks promptly skidded 30% and sent tremors through markets in the Philippines, Malaysia, Indonesia, Singapore and Hong Kong. Stock funds heavily invested in the region fell an average 13%, with some--including Landmark Emerging Asia and Merrill Lynch Emerging Tigers--falling more than 30%, according to Lipper Analytical Services...
...Southeast Asia has been the reliable news for decades, but suddenly the old assumptions are not so certain. Thailand this year has suffered a currency run a la Mexico and for similar reasons: overspending, a loss of competitiveness and the perception that its currency was overvalued. As the Thai baht slid 25% against the U.S. dollar over the past 12 months, other currencies also fell. Then stock markets swooned. Economist Behravesh predicts little growth (1.5%) this year in Thailand, after an annual average of 9% for the past decade. But it will rebound to 3% in 1998. Indonesia will grow...