Insider Rengchai gets nod to lead Bank of Thailand after rough year

Article Abstract:

Rerngchai Marakanond is the new governor of the Bank of Thailand. He succeeds Vijit Supinit who resigned amid rumors that he was about to be fired by the Thai cabinet. Vijit's rule was marked by a number of problems, including a miscalculation of the current-account deficit and the collapse of the Bangkok Bank of Commerce, which seriously eroded the central bank's credibility. Rerngchai now faces the tough challenge of restoring the good reputation of the Bank of Thailand.

Central Bank & Govt Reserves, Banking industry, Officials and employees, Appointments, resignations and dismissals, Central banks, Thailand. Bank of Thailand, Rerngchai, Marakanond

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Thai study suggests offering incentives to attract investors to poorest areas

Article Abstract:

A study by Thailand's Board of Investment stresses the need to enhance incentives that would promote investments in the country's impoverished provinces. Incentives such as discounted public utility services and low-interest loans should be offered to those who would invest in the 12 northeastern provinces designated as the special promotion zone. If approved, the proposal will be implemented by Jan. 1996, and lure total investments worth 56.6 billion baht.

Administration of General Economic Programs, General Economic Programs, Economic aspects, Economic policy, Investments, Incentives (Business), Thailand. Board of Investment

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Bangkok opens delayed subway project for bidding, aims for start-up in 2002

Article Abstract:

Thailand's Metropolitan Rapid Transit Authority has started soliciting bids for Bangkok's planned $2.76 billion underground mass-transit system. The project has suffered countless delays since it was first conceived in the 1970s, largely due to changes in governments and inconsistent transport policies. Philipp Holzmann AG, Bilfinger and Berger Bau AG and Italian-Thai Development PCL are considered as the leading candidates for the project.

Rail Mass Transit, Urban Transit Systems, Local and suburban transit, Planning, Public works, Reports, Thailand, Letting of contracts, Competitive bidding, Local transit

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