Masterplan kick-starts Thailand privatization
Article Abstract:
The sale of state-owned companies to the private sector is one element of a six-part masterplan for restructuring, market liberalization, divestment and legal and regulatory reform in Thailand. The masterplan seeks to clarify the command structure for the privatization progrmame. Thailand has taken elements of approaches to privatization adopted by other countries, but has avoided following a specific model. The International Monetary Fund (IMF) will not closely oversee privatization in Thailand, even though commitment to privatization is contained in the fifth letter of intent signed between Thailand and the IMF.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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Indonesia
Article Abstract:
The worsening economic situation in Indonesia makes any form of business in the country appear unattractive, but experts advise caution rather than withdrawal. Indonesia is undergoing a financial crisis, President Suharto is not cooperating with International Monetary Fund conditions on reform, and there are uprisings against the dominant Chinese minority. However, analysts anticipate eventual improvement and point to the attractiveness of Indonesia as an export manufacturing base, due to the rupiah's devaluation and the likelihood that land and property prices will fall.
Publication Name: The Director
Subject: Business, international
ISSN: 0012-3242
Year: 1998
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Asia's variable geometry
Article Abstract:
South-East Asian governments are privatising state-managed services to raise money and it is expected that international investors will be willing to buy the various enterprises. Shares in cement manufacturer, Semen Gresik, are available in Indonesia and there are four other partly-privatised companies being sold. The Philippines hopes to tackle its budget deficit by selling 30% of Manila Electric Company and the National Power Corporation. Privatisation in Thailand is being hampered by the IMF but it hopes to sell shares in Communications Authority of Thailand.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1998
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