Cost of a crisis: Thailand can bandage economic wounds of military crackdown

Article Abstract:

Thailand's economy is likely to dip as a result of the violent aftermath of the May 1992 demonstrations. Tourism revenues and the country's workforce are the two areas that will be directly affected. However, many economists agree that even if the growth rate slides downward by 2%, the economy is robust enough to weather the crisis. An encouraging sign of normalisation for the business community was the announcementof a telephone contract from the Telephone Organisation of Thailand hours after the bloodshed on May 19. Observers say the government can use this period to introduce market-oriented policy reforms as a measure of goodwill.

Forecasts and trends, Thailand, Investments, Political aspects, Economic indicators

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Putting on heirs

Article Abstract:

The late Sir Y.K. Pao made sure that his business empire will be well-managed by assigning its vital sectors to his four sons-in-law. Shanghai-born Peter Woo, husband of second daughter Bessie, is the high-profile Chairman of World International. Austrian lawyer and banker Helmut Sohmen, husband of eldest daughter Anna, heads World-Wide Shipping Agency. Cancer specialist Edgar Cheng, husband of fourth daughter Doreen, manages World-Wide Investments, while Japanese architect Shinichiro Watari, husband of third daughter Cissie, heads Tokyo-based trading company Cornes and Co.

Management, Holding companies, World International (Holdings) Ltd., Y.K. Pao

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