Taking big hit, Bangkok Bank can't rely on family ties: Thai institution needs money, but the Sophonpanich clan weighs loyalties against market risk
Article Abstract:
Bangkok Bank, by far the biggest bank in Thailand, is suffering badly from Asia's economic woes. Chatri Sophonpanich, head of Bangkok Bank and one of seven siblings who owns it, is struggling to raise as much as $1 bil in equity financing to keep the bank running. However, not all of the six other siblings are willing to sell their other holdings and put in money into Bangkok Bank. The family predicament pitches conventional ethnic-Chinese family loyalties versus tenacious risk-and-return calculations.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Taiwan's quest for identity fuels tensions in national politics and disturbs family life
Article Abstract:
The Taiwanese search for identity has created political and social problems. Many Taiwanese natives marrying mainland-born citizens are being pressured to choose between the reunification-driven Beijing or Taiwan. Arguments are expected to escalate as Taiwan approaches the presidential and legislative elections, which will start in Dec. 1995. Countries such as the US which are negotiating trade and security interests in Asia will also have to face the Taiwanese imbroglio.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Right and wrong: a family struggles to keep its balance in chaotic China
Article Abstract:
The family life of former Chinese stage performer Li Maojie reflects the deep sense of alienation that pervades the Chinese society. The turbulence within his family is linked to the country's political chaos. He took his anger over being forced to do farm labor at the prime of his career during the Cultural Revolution on his wife and children. Li is now striving to give up alcohol and to face the realities of Chinese life as part of his efforts to rebuild his family.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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