Word: thailander
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...Back in the capital city, other pillars of the Thaksinomics miracle may be weakening as well. Aggressive lending policies by Thailand's state-owned banks, together with tax breaks to developers, have fueled a Bangkok real estate boom among Thai buyers. But some foreign investors who rushed into Thailand to snap up foreclosed properties after the 1997 crash are now selling, convinced that the market has topped. "Three years ago we had properties on our books that no one would touch," says a Bangkok-based real estate investor. "Now we are getting offers you wouldn't believe...
...Those kinds of concerns don't faze Wacharee, the IT consultant. Like many in Thailand, she views the favorable conditions created by the Thaksin government as a second chance at prosperity, one she doesn't intend to squander. "I'm starting a business that I know will work," she says. "I'll be contributing to the Thai economy. Imagine, 18 months ago I didn't even have a future. Now I'm thinking of getting rich...
Fancy a hip replacement and an Asian vacation? With bargain prices, a wealth of medical specialists and alluring post-op locales, Southeast Asia has proved irresistible to ailing tourists. Singapore entered the clinical fray about a decade ago, followed by Thailand a few years later; now Malaysia is on the health-tourism bandwagon...
...BUSINESS Thailand: The Thaksin Effect...
...BUSINESS Thailand: The Thaksin Effect...