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Strategies & Market Trends : Thailand

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To: Tom who wrote (437)	7/29/1998 11:50:00 PM
From: JEFF CHAPMAN	Read Replies (1) of 457

News, fwiw (mytrack is a must for Asia followers w/ its Comtex newswires, imo): (COMTEX) B: JAPAN TO PROVIDE EMERGENCY LOANS TO THAILAND B: JAPAN TO PROVIDE EMERGENCY LOANS TO THAILAND TOKYO, July 29 (Asia Pulse via COMTEX) -- The Ministry of Foreign Affairs announced Wednesday it has signed an accord to provide 49.8 billion yen in emergency loans to the Thai government. Of the loans, 13.4 billion yen will be used for small-scale public works projects expected to create jobs. The remaining 36.4 billion yen will be allocated to ongoing projects whose yen loan-financed portion has been raised due to a lack of Thai government funds. A special 1% loan rate set up in April to help alleviate the Asian economic crisis will be applied to the 13.4 billion yen portion. (Nikkei) -0- (C) 1998 Asia Pulse Pte Ltd * end of story * BTW, I got this story from mytrack.com's software which is free and can be downloaded here: mytrack.com If you do sign up for this (you get Comtex newswires around the clock on markets around the world plus Marketguide reports for free, with news/quotes/ticker in 'pushed' streaming format), please put 'Muthavugah' in the referred by field...

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