Road to ruin: Thai expressway dispute raises investors' wrath

Article Abstract:

A new expressway in Bangkok, Thailand is unfinished due to government interference. Kumagai Gumi, a Japanese construction company, reached a build-operate-transfer (BOT) agreement with the Expressway and Rapid Transit Authority of Thailand (ETA) in 1988. The BOT specified that Kumagai's concessionaire, the Bangkok Expressway Co Ltd, would run the new toll road and take part of the earnings. ETA is now disputing the BOT's terms, which has particularly angered the 31 foreign banks that invested $200 million in the road. Thailand's reputation for honoring contracts is in danger.

Road construction industry, Contracts, Transportation policy, Transportation, Kumagai Gumi Company Ltd.

---

People's wrath

Article Abstract:

The worst violence since the 1970s struck Bangkok, Thailand as 54 people were killed when the army fired on protestors who were asking for an end to military interferance in politics and the resignation of Prime Minister Suchinda Kraprayoon. As a result, anti-government feelings have increased and the military is now in complete control of the city to restore order. The violence could have been prevented if the government had not backed out of its promise to revise the constitution to meet the demonstrators' demands.

Cover Story

---

Rainbow coalition: protesters came from many walks of life

Article Abstract:

Protesters from all walks of life and with prior experience in activism demanded the resignation of Prime Min Suchinda Kraprayoon and his military elite during the demonstrations of Apr and May 1992. Military Class 5 is the name given to the group of officers who graduated from Thailand's Chulachomklao Military Academy in the fifth year after the academy's post-war reorganization. They are the same set of top military and government officials who are the objects of protests by Bangkok citizens.

Reports

Similar abstracts:

• Abstracts: Too strong too long: Taiwan exporters rail at rising currency. Signal failure: Taiwan confuses investors by halting inflows
• Abstracts: Germany in Asia. The piston of Germany's industrial machine. A hands-on approach
• Abstracts: Gains at risk. The socialist millionaire: Vietnamese landowner reconciles wealth, communism. Bumpy recovery
• Abstracts: Back in the sick-bay. The bear grows fiercer. Earning their keep: Japanese shares
• Abstracts: A burning issue. A conservative at last

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.