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Prachai Leophai-ratana
Prachai Leophai-ratana is a former Senator and a controversial Thai businessman who founded Thai Petrochemical Industry (TPI). Prachai founded Thai Petrochemical Industry in 1978, based on companies his grandfather founded World War II.AsiaWeekThe Game Is Up 31 March 2000 By 1994, it had become Southeast Asia's first fully integrated petrochemical company. TPI invested in a wharf and handling facilities on Thailand's eastern seaboard, built a 100-megawatt power plant, and even owned a cement company and opened its own gas stations. However, it never earned a profit and the majority of its debt was short-term and unhedged. TPI suspended repayment of principal and interest on its US$3.2 billion in debt owed to 148 local and foreign creditors following the Asian Financial Crisis. TPI's creditors included International Finance Corporation, Citibank, and Bank of America. Prachai attempted to retain control of his companies in a manner that one foreign banker called, "hostile and be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thai Petrochemical Industry
TPI Polene Public Company Limited is Thailand's third largest cement manufacturer. It also manufactures petrochemicals, including low-density polyethylene (LDPE) and ethylene-vinyl acetate Ethylene-vinyl acetate (EVA), also known as poly(ethylene-vinyl acetate) (PEVA), is a copolymer of ethylene and vinyl acetate. The weight percent of vinyl acetate usually varies from 10 to 50%, with the remainder being ethylene. There are three ... copolymer (EVA). The company was founded in 1987. Its subsidiary TV Topnotch Production Co., Ltd. owns Thai TV channel Suwannabhumi TV. References Manufacturing companies based in Bangkok Cement companies of Thailand Companies established in 1987 Companies listed on the Stock Exchange of Thailand 1987 establishments in Thailand {{Asia-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Financial Crisis
The 1997 Asian financial crisis gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided. Originating in Thailand, where it was known as the '' Tom Yum Kung crisis'' () on 2 July, it followed the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, other Southeast Asian countries and later Japan and South Korea saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise. It offers an array of debt and equity financing services, helps companies face their risk exposures while refraining from participating in a management capacity and advices to companies on making decisions, evaluating their impact on the environment and society, and being responsible. The corporation is assesse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citibank
Citibank, N.A. ("N. A." stands for "National bank (United States), National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation, multinational corporation. Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. The bank has branch (banking), branches in 19 countries. The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. As of 2023, Citibank is the third-largest bank in the United States in terms of assets. History Founding 19th century The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became President of the bank, staying until 1817, followed by Peter Stagg (1817–1825), Thomas Smith (1825–1827), Isaac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of America
The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America (1904–1998), Bank of America in 1998. It is the List of largest banks in the United States, second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. and one of eight systemically important financial institutions in the US. It serves about 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tarrin Nimmanahaeminda
Tarrin Nimmanahaeminda (born October 29 1945 in Mueang Chiang Mai) is a Thai economist and government minister. He was the Minister of Finance from 1992 to 1995 and from 1997 to 2001. References 1945 births Tarrin Nimmanahaeminda Tarrin Nimmanahaeminda Tarrin Nimmanahaeminda Living people Stanford Graduate School of Business alumni Harvard College alumni {{Thai-bio-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate economic stability, stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and poverty reduction, reduce poverty around the world." Established in July 1944 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary systems, international monetary system after World War II. In its early years, the IMF primarily focused on facilitating fixed exchange rates across the developed worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ferrier Hodgson
Ferrier Hodgson was a firm specialising in corporate recovery, corporate advisory, forensic accounting and forensic IT. The firm has a specialist management consulting arm called Azurium. Ferrier Hodgson was established in 1976. It became one of the largest specialist corporate turnaround and insolvency management firms in the Asia Pacific. The group had eight offices across the major business centers in Australia, Malaysia and Singapore, with 34 partners and more than 320 staff across the region. Ferrier Hodgson was taken over by KPMG in March 2019. Azurium Ferrier Hodgson's specialist consulting arm, Azurium, was a specialist provider of enterprise improvement and advisory services with offices in Melbourne and Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd .... The A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thaksin Shinawatra
Thaksin Shinawatra (, ; born 26 July 1949) is a Thai businessman and politician who was the 23rd prime minister of Thailand from 2001 to 2006. Since 2009 he has also been a citizen of Montenegro. Thaksin founded the mobile phone operator Advanced Info Service (AIS) and the information technology and telecommunications conglomerate Shin Corporation in 1987, ultimately making him one of the richest people in Thailand. He founded the Thai Rak Thai Party (TRT) in 1998 and, after a landslide electoral victory, became prime minister in 2001. He was the first democratically elected prime minister of Thailand to serve a full term and was re-elected in 2005 by an overwhelming majority. Thaksin declared a "war on drugs" in which 72 people were killed, though unsupported claims of 2,275 have persisted over the years. Thaksin's government launched programs to reduce poverty, expand infrastructure, promote small and medium-sized enterprises, and extend universal healthcare coverage. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
People's Alliance For Democracy
The People's Alliance for Democracy (PAD; ; commonly known as "Yellow Shirts") was a Thai reactionary, monarchist political movement and pressure group. It was originally a coalition of protesters against Thaksin Shinawatra, the former Prime Minister of Thailand. Its leaders included media-mogul Sondhi Limthongkul and Major General Chamlong Srimuang. The PAD was a chief player in the political crisis of 2005–2006, the 2008 crisis, and the Cambodian–Thai border stand-off. Its membership consisted mainly of ultra-royalist middle-class and working-class Bangkok residents and anti-Thaksin Southerners, supported by some factions of the Thai Army, some leaders of Democrat Party, and the members of the state-enterprise labor unions. People's Alliance for Democracy announced to end the political role on August 23, 2013. Name The movement is also called the National Liberation Alliance (กลุ่มพันธมิตรกู้ชาติ, ''Klum Phanthamit Ku Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Snoh Thienthong
Sanoh Thienthong (, born 1 April 1934) is a Thai politician. He is a Member of Parliament for the Pheu Thai Party list. Before he joined the Pheu Thai Party in 2011, he was the leader of the minor Pracharaj Party. Earlier functions include Minister of Public Health and Interior Minister. Sanoh played a supporting role in the rise to premiership of Banharn Silpa-archa, Chavalit Yongchaiyudh, Thaksin Shinawatra and Surayud Chulanont Education and family Sanoh was born into a Thai Chinese business family involved in the lumber industry. He graduated with a Bachelor of Laws degree from the Sripatum University. He is married with Uraiwan Thienthong, who is also a politician. They have six children together. Among them are Sorawong Thienthong, who is an MP for Sa Kaeo and Surachat Thienthong, who is an MP for Bangkok, after having been product manager for Thai Beverage, the producer of Beer Chang. Sanoh's nephew and niece, Thanit and Trinuch Thienthong, are both MPs for Sa Kaeo. Moreo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
