“Fragile” Recovery in Thailand Likely to Weaken

The Thai economy has moved ahead strongly in recent months, enjoying growth of 6.6% in the April-June 2000 quarter. During the first half of the year gross domestic product increased by 5.9% over its level in January-June 1999.

Cabinet Approves Factoring Bill

Cabinet ministers yesterday approved a final draft of a new factoring bill. Finance Minister Tarrin Nimmanahaeminda said the law would help set operational guidelines for factoring firms.

Light at the End of the Tunnel for Thailand’s Banks

Since the economic crash of three years ago, Thailand’s banks have been enmeshed in a web of bad debts generated by the crash. However, whilst relief is not imminent, it is at least thought to be on the way.