Dollar bonds and privatization: the Thai government's view

Sommai Phasee, Thailand''s deputy permanent secretary at the Ministry of Finance discusses the Kingdom''s plans for an international bond and the lessons to be learnt from BankThai''s privatization.

Khun Sommai, what is your general sense of where the Thai economy is today

Sommai Phasee SommaiIt's clear that Asia's real economy is growing faster and has more room for growth than in Europe or America. For example, in the energy sector, there is a need to produce relatively more electricity here than in the West. You can see this in every sector. Corporate profits, however, depend on other things, and these have not been as high in Thailand as 10 years ago. Thailand faces more competition from China, which has cheaper labour and raw materials. The only thing that is cheaper here is the cost of money, with our low interest rates, so companies don't...

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