Thai market wants more: caution prevails following bankruptcy bill

Article Abstract:

Thailand's upper house of Parliament passed a bill amending the bankruptcy law on Mar 12, 1999. The bill will streamline the debt-restructuring process to make problem loan recovery easier for banks. However, the bill received a lukewarm reception from investors and analysts. Some expressed doubts about the government's ability to enforce the bill. Investment houses also changed their recommendations on the Thai market from 'sell' to 'hold' which indicates that they remain cautious about the bill's outcome.

Government regulation (cont), Bankruptcy Law, Other Justice, Public Order, and Safety Activities, Laws, regulations and rules

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Stimulus plan is spelled out: tax cuts, investments designed to lift demand

Article Abstract:

The government of Thailand announced its plan to boost its economy. The country will invest on projects that will generate more jobs and heighten the consumption of its local products and services. To finance these projects, the country will loan $1.45 billion from Japan and the World Bank. It also plans to roll-out personal income tax exemptions and cuts on value-added tax.

Economic Programs, Administration of Economic Programs, Economic aspects, Finance, Economic policy, Economic development, Tax reform, Job creation

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