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. Solutions for Business What is BSDglobal all about. Bankers and investors evaluate companies and make decisions, considering both environmental risks and environmental market opportunities. Consequently, more companies are discovering the benefits of going beyond regulatory compliance, toward sustainability. The original site was developed with support from the Canada Manitoba Infrastructure Works Program. |
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The adjustment lending program is a flexible response to the Thai crisis and will have both short- and medium-term benefits. The medium-term benefits include the consolidation of the structural reform program that began with the Finance Companies Restructuring Loan and deepened with the first Economic and Financial Adjustment Loan. Recent encouraging signs, such as the improved stock market and exchange rate, can be deceptive and may pose a risk to the program. As the market is less pessimistic now than six months ago, financial institutions may slow down momentum for reform. The authorities' commitment to reform is impressive given the international and domestic difficulties. |
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The country is going through its worst economic crisis in over a decade, with the embattled baht under speculative attack because of foreign perceptions it should be devalued. After the last attack in mid-May, the central bank imposed currency controls to cut off baht supply to foreign speculators from local sources. The Thai stock market is at eight year lows and exports have slowed sharply. .. |
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Beyond that, Chatumongol's go-it-alone policy simply deepens the impression that Thai economic authorities don't have their act together nor much of a clue as to how to get it together. The impression that some form of law of the jungle prevails and that politics and not policy count will simply further deter foreign and domestic investors from committing funds to Thailand when there is the most urgent need for that. The stock market is nearing its historical lows of the fall of 1998 and a pick-up in exports of old economy products aside, there isn't much happening to justify upbeat assessments of the economy flowing from the government PR machine or make them believable. At this stage, we do not believe that the Chuan government has a snowball's chance in hell to come up with a coherent set of economic policies to effect financial system rehabilitation and in-depth economic recovery. Before the Thai stock market disappears entirely from the screen, the prime minister and his cabinet should resign forthwith and call fresh elections to give a new team a chance before the country slides into a second crisis from which it will have even greater difficulty recovering. |
another market site: http://www.marketingthai.or.th/