Word: thais
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...1980s and '90s, an unassuming Thai boutique called Greyhound did respectable business in Bangkok's Siam Center shopping mall, selling reasonably priced clothes that melded international urban chic with local tastes. For its co-owner and designer, an advertising executive named Bhanu Inkawat, the shop was little more than a weekend hobby. But in 2003, with Thailand starting to become more fashion conscious, Bhanu saw an opportunity: he quit his day job and poured his energy into Greyhound. Today, Bhanu, 50, presides over a growing style empire with 12 designers, 14 clothing stores and seven caf?s in Bangkok, franchises...
...beneficiaries are entrepreneurs like Neeta Raheja, who runs a wedding-planning company called Creative Explosions. The firm organizes weddings that range from $20,000 (the average cost of a wedding blast in the U.S.) to $2 million, which gets you hand-painted invitations by artist M.F. Husain, a Thai banquet for 2,000 and a helicopter to ferry the groom to the ceremony. Indian weddings, Raheja says, are more than the union of boy and girl: "It's the merging of two families, often two businesses...
...Among the beneficiaries are entrepreneurs like Neeta Raheja, who runs a wedding-planning company called Creative Explosions. The firm organizes weddings that range from $20,000 (the average cost of a wedding in the U.S.) to $2 million, which gets you hand-painted invitations by artist M.F. Husain, a Thai banquet for 2,000 and a helicopter to ferry the groom to the ceremony. Indian weddings, Raheja says, are more than the union of boy and girl: "It's the merging of two families, often two businesses...
...however, may prove to be the most damaging of all. They focus on the sale by Thaksin's family of their controlling stake in telecoms conglomerate Shin Corp. for $1.87 billion. The stake is being sold to a group led by the Singapore government's investment arm, Temasek Holdings. Thai regulators probed the deal for any violations, including possible insider trading. On the eve of the sale, Thaksin's son and daughter bought an 11% stake in Shin from an offshore company called Ample Rich for one baht (2.5 cents) a share, then sold to the Temasek-led group...
...media group crumpled, and by 2000 he was declared bankrupt. The following year, however, Sondhi's fortunes revived. His group was still in the hands of creditors, but he started new companies that won contracts to produce prime-time shows on state-owned television. State-owned lender Krung Thai Bank backed him, and Sondhi eulogized Thaksin's leadership and economic prowess-something that he now says was an error...