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To: cmg who wrote (6477)	12/16/1997 12:27:00 AM
From: Dan Spillane	Respond to of 42804

More evidence suggesting damage to SE Asian EXPORT economy, which could lead to a chip shortage and drive up US semis Thai exporters need 80 bln baht in credit: Exim Bank president AFX, Monday, December 15, 1997 at 23:46 (Published on Tuesday, December 16, 1997 at 00:44) BANGKOK (AFX-ASIA) - Thai exporters need 80 bln baht to help them through a liquidity crisis caused by the baht's decline, Export-Import Bank of Thailand president Pridiyathorn Devakula said. Pridiyathorn said commercial banks need to help exporters out of their liquidity problems, with many commercial banks "now flush with liquidity." "The power to help local exporters doesn't rest with the Export-Import Bank or with the Bank of Thailand," the Bangkok Post quoted Pridiyathorn as saying. Exporters complained that they are receiving overseas orders, but are short on operating capital to meet production demands because local banks have stopped lending, the report said. My earlier post, which shows same Thai problem now in South Korea: Message 2974361