Thai privatisation progresses step by step

Article Abstract:

The government of Thailand has slowed the pace of its privatization program as more pressing financial issues come to the fore. The Thai Ministry of Finance hired Arthur Andersen to devise a privatization plan, which marked a change in strategy for the government. Previously privatization programs were initiated by individual ministries and state enterprises. The two privatization sales completed in 1998 were PTT Exploration and Production, and Electricity Generating Co , both of which were already listed on the Stock Exchange of Thailand. The Electricity Generating Authority of Thailand sold a 14.9 percent stake in Electricity Generating Co to China Light & Power for $241 million (US), marking the first privatization in Thailand via a strategic sale.

Government domestic functions, Contracts & orders received, Thailand, General Economic Programs, Contracts, Economic policy, Privatization, Privatization (Business), Arthur Andersen and Co.

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Implications of the rouble devaluation

Article Abstract:

The devalued rouble will slow down economic growth in Eastern Europe, especially in the Baltic States, Ukraine and Bulgaria because they trade with Russia. The devaluation will also affect investments in the Czech Republic, Hungary and Poland. These three countries export only between 3%-6.5% of their goods to Russia. Most exports go to the EU so anything which adversely affects the EU will also affect them. However, the Baltic and CIS countries export between 20%-35% to Russia so their currencies are likely to come under pressure.

Exchange Rates, Currency Stabilization Programs, International trade, International aspects, Eastern Europe, Russia, Currency devaluation, Devaluation (Currency), Currency stabilization

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