problems which overheated their economic development. These problems did not get much attention and got worse. In this case‚ the financial crisis broke out in 1997. This crisis was first seen in the currency depreciation and stock market. Starting in Thailand‚ the Thai baht devalued swiftly and lost more than half of its value and the Thai stock market also dropped 75%. As a consequence‚ many banks and companies had to declare bankruptcy. Due to the economic globalization‚ following Thailand‚ almost
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CASE ANALYSIS OF CHANG BEER STRATEGIES Beer Chang is the number one selling beer in Thailand which was launched in 1995. The symbol of Chang beer can be spotted by distinctive green label adorned by two elephants. ‘Chang’ means elephant in Thai which resembles Chang Classic really packs a punch at 6.4% per common serve 630 ml size. For entering any foreign market a comprehensive international marketing strategy must be prepared‚ used to develop a pricing strategy. Chang beer implemented Market
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In March 1997‚ several large finance companies in Thailand emerged low quality assets and insufficient liquidity problems. Then‚ the western hedge funds with a large number of Southeast Asian currencies in hand hedge funds‚ headed by George Soros aggressively sold the baht‚ the value of Thai baht felling all the way. The Bank of Thailand‚ which only hold US $30 billion foreign exchange reserves‚ was incompetent to maintain the fixed exchange rate of baht‚ and on July 2nd‚ 1997‚ the Thai Government
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its way through many of the South East Asian countries‚ was signified by the collapse of the Thai baht in the middle of 1997. During the second half of the year‚ the Indonesian central bank attempted to hold off pressure on its currency‚ the rupiah. Interest rates quadrupled and the rupiah depreciated by about 60%. In January 1998‚ the rupiah collapsed. It lost about 75% of its value in a matter of a few days. The collapse of the rupiah was followed by spiraling prices; annual inflation was estimated
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---------------------1 2.1: 1945-1955--------------------------------------------------------------------1 2.2: 1955-1985--------------------------------------------------------------------2 2.3: 1985-1997--------------------------------------------------------------------3 2.4: 1997-2006--------------------------------------------------------------------3 3.00: Macro-Economic Trend 3.1: Gross Domestic Product (GDP) ------------------------------------------6 3.2: Per Capita Gross Domestic
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an economic leader in the Third world. The $4 billion a year in tourism revenue is the core support of the Thai economy (Bishop‚ p. VI). Thai officials have attributed the success of the tourism industry to the "many attractions located in various parts of the country" as well as "the uniqueness of the Thai people" --- "their friendliness and hospitality (Bishop‚ p. 67)." However the Thai government has failed to recognize the contributions of sex tourism which is estimated to generate about $1
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has grown continuously with several products available in the domestic and export markets. Strength: • Large Amount of Budget As at December 31‚ 2010 and December 31‚ 2009 there were outstanding bank guarantees of approximately Baht 36.43 million and Baht 6.93 million‚ respectively issued by banks on behalf of the Company in respect of certain performance bonds as required in the ordinary course of its business. • Market differentiation To serve all customers’ need and life style‚ the
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prices of Thai baht for each bank are displayed in the table below: | Minzu Bank | Sobat Bank | Bid | $.0224 | $.0228 | Ask | $.0227 | $.0229 | Determine whether the foreign exchange quotations are appropriate. If they are not appropriate‚ determine the profit you could generate by withdrawing $100‚000 from Blades’ checking account and engaging in arbitrage before the rates are adjusted. Answer: Here Locational Arbitrage is possible. Locational Arbitrage: a) Buy Thai baht from Minzu
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Background OF Bangkok Bank Bangkok Bank has been Thailand’s leading bank for more than half a century.In the 1940s‚ local Thai businessmen found that it difficult to get credit facilities from foreign banks. So‚ this gives an opportunity for them to start up a truly Thai bank. After the Bangkok Bank was set up and begins trading in 1944‚ it gets strong support from many local businesses and grew rapidly. Bangkok Bank became a dominant player in Thailand which it is the bank that used by all leading
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Thai Airways International Public Company Limited is the national carrier of the Kingdom of Thailand. It operates domestic‚ regional and intercontinental flights radiating from its home base in Bangkok to key destinations around the world and within Thailand. The company’s fully paid up share capital amounts to 16‚988‚765‚500 Baht (9 May 2005) and is 53.77% owned by the Ministry of Finance‚ the Thai Government. At the end of September 2004‚ consolidated total assets of the company amounted to 193
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