Baht eats at food supply: farmers feel pressure to export sugar, oil, rice

Article Abstract:

Consumers in Bangkok, Thailand are facing a food crisis as farmers decide to export their produce instead of selling them in local markets. The regional currency crisis of Asia, which has caused the Thai baht to devaluate, has made exporting farm produce more lucrative than selling in domestic markets. Though the situation is not as worse as it is in Indonesia, sugar supplies have already been exhausted since January 25, 1998 while rice prices have significantly increased, prompting stores to restrict the amount of basic foods customers can purchase.

Sugar and Confectionery Products, Sugar & Confectionery Products, Sugar and Confectionery Product Manufacturing, Rice, Rice Farming, Agricultural Commodity Exports, Agricultural industry, Economic aspects, Prices and rates, International trade, Supply and demand, Exports, Sugar, Sweeteners, Food supply, Agricultural products, Bangkok, Thailand (City), Baht (Thailand)

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Regulators seek to soothe promissory note holders: Bangkok devise ways to protect financial industry from a second wave of forced mergers

Article Abstract:

The Thai government is seeking to reassure worried promissory note holders of continued support by suspending their operations and urging them to merge with other financial institutions. Analysts maintain that the decision is welcome but could spell disaster if not followed-up by other measures. The Thai government has mandated the lowering of interest rates being paid by promissory note holders and urged them to remain calm and not withdraw more than they can handle.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Banking Regulation, Currency Stabilization Programs, Management, Financial services industry, Financial services, Thailand, Economic policy, Banking law, Currency stabilization, Promissory notes

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