Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (904)	1/15/1998 10:22:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

Sam, <<Can anyone explain this?>> It was an infrastructure deal. The company had a plan to build new ferry lines. Suharto's sister was involved. Nuff said? Best, Stitch

To: Sam who wrote (904)	1/15/1998 12:03:00 PM
From: tom	Read Replies (1) \| Respond to of 9980

There's two great true stories about international banks lending to Asia. 1. A small Thai industrial company approached an international bank wanting to borrow US$7m (fair enough). The bank replied that it wouldn't be worth bothering if they weren't going to borrow at least US$100m (!!!). The two parties eventually settled on US$80m and the Thai company converted the balance into Thai Baht and put the balance on deposit in Thailand. This strategy worked well until July 3 1997.... 2. An Indonesian company wanted to borrow US$. They phoned up the bank. Indo company: Can we borrow some US$? Bank: Do you have any US$ revenue? Indo company: Er.....no Bank: In that case you can't borrow any money Indo company: (Thinks) How about if we just invoice our customers in US$ instead of Rupiah? Bank: (Checks with head office) Yeah, that's fine because now you have US$ revenue. How much do you want to borrow? You gotta laugh!