Confidence trick

Article Abstract:

Thailand has presented a financial rescue package which has been criticised for being a diluted version of more effective measures. The original plan included provisions for stronger capital adequacy requirements which have disappeared from the final version. Foreign ownership has been liberalized in the financial sector and suspended finance companies have been lent funds by the Financial Institutions Development Fund (FIDF) which they have eight years to repay. Not all finance companies will be able to recover but the economy may be helped if some go under.

Economic Programs, Administration of Economic Programs, Economic policy

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Loosen up

Article Abstract:

Thailand's new finance minister, Surakiart Sathirathai, hopes a package of liberalization measures will reassure foreign investors and mute criticism of both him and his govt. However, the package announced Sept 12 generated little enthusiasm, perhaps because it strikes a compromise that satisfies few. The measures let finance companies enter new businesses, drop limits on foreign ownership of securities firms, raise the stake local finance companies may have in one another, and give foreign banks full-branch status.

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Theory of relativity

Article Abstract:

Many investors have returned to the stock market in Bangkok, Thailand, but analysts warn against assuming that Thailand will be the first country to begin recovering from the financial crisis in Asia. The International Monetary Fund has been complementary about the way the Thai government is implementing the economic-reform programme, and Thailand's private-sector debt is lower than that of Indonesia. However, investors are still only making relatively small trades, and are restricting themselves to safe stocks.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Management, Economic aspects, Exchanges, Bangkok Stock Exchange

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