The debt financing is very cheap in a Thai and Asian context.
Putting the debt in U.S. dollars and possibly yen is smart and hedging the debt will limit currency fluctuations (note that un-hedged debt burnt many Thai corporates during the Asian crisis).
Now as Asian forests are cleared, Thai plantation owners are favouring a different sort of progress.
Other Asian currencies such as the Thai baht and the South Korean won are also undervalued.
ATHENS, Greece -- Udomporn Polsak became the first Thai woman to strike Olympic gold as Asian athletes enjoyed another medal-laden day at the Games.
He was lucky not to be badly hit when the Thai currency was dramatically devalued during the 1997 Asian financial meltdown.
Add to the mix Thai chilies, for heat (if you can't find Thai chilies, the more ubiquitous red chili sauce found in Asian markets makes a fine substitute), and a moderate amount of sugar, for balance, and you have a zippy vinaigrette that dresses a beautiful salad of shallots, mint, cilantro, scallions and toasted rice.
WSJ: Johnny Monis's Northern Thai Grilled Pork Salad | Slow Food Fast
The capital, Bangkok, combines the modern skyscrapers of a bustling Asian metropolis with the ancient temples and monuments of previous Thai civilizations, dating back hundreds of years.
For a country that went through a notorious currency collapse in 1997, baht movements have special significance, although the fundamentals of the Thai economy seem more solid now than during the hot money flow that preceded the Asian financial crisis.
South Asian chef Christina Sunae opened Cocina Sunae, the go-to place for flavourful Thai food in Buenos Aires.
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The Thai player, who was given a bye in the first round, celebrated becoming the first Asian ever to reach the world's top ten on Monday, but he could not justify his high seeding against clay-court specialist Sanchez.
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