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Tuesday , March 18 , 2008

Vodcast March 18: Korn's exclusive interview

Posted by vodcast , Reader : 353 , 16:40:38

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comment 2
Tawan date : 20/03/2008 time : 10.50
http://blog.nationmultimedia.com/tawan3

Quote from Thaland BOI

"Democrats Announces Mega Projects

Deputy Secretary-General of the Democrat Party, Korn Chatikavanij, reports that the party will push for mega projects to raise the standards of life of Thai people in 2008 if elected as the next government.

Mr Korn says the party's policies are aimed at regaining foreign investor confidence in Thailand and developing human resources in line with a sustainable development principle. The mega projects the party will work on if it is the next government concern an increase of irrigation areas for agriculture in the Northeast and an expansion of mass transit electric train system in Bangkok.

The deputy secretary-general affirms the projects are practical and requires no foreign loans.

Mr Korn also calls on all political parties to come out and announce their economic policies, adding that people will compare and contrast the policies of each party before deciding to vote on the general election day."

comment 1
Tawan date : 18/03/2008 time : 19.03
http://blog.nationmultimedia.com/tawan3

How does JP Morgan buy Bear Stearns for 230 million dollars when their building in Manhattan is worth 1.2 billion dollars and get the US government to provide liquidity guarantees for 30 billion dollars of Bear Sterns assets. It does not add up.
Where are the details of the agreement? All I have seen is CEO’s conference calls stating basically it is a good deal and Bear Stearns was a well run company. How can readers assess the situation when there are no details only CEO’s words stating everything is OK over a conference call. Where are the details of the bail out? Will it be available for shareholders or does the Senate banking committee have the agreement. Where is it?
There is supposed to be no significant impact to Thailand but according to many European bankers the credit market is frozen there are no buyers no liquidity lots of sellers. But if Thailand plans to increase public debt close to 50% of GDP this requires financing. But last year Khun Korn stated that the mega-projects would require no foreign loans. But this year PM Samak said that Japan would provide the loans. But this interview Khun Korn said the financing of the mega-projects has not been finalized yet. So is there or is there not foreign financing for the mega-projects? Is the 500 billion baht irrigation project coming to Issan or not? Is it going to be a 500 billion baht loan from Japan? Khun Korn mentioned the cost of credit ii going up due to increase regulations. What about the cost of default insurance? The cost of $10 million dollars of default insurance has risen from $81,000 dollars per $10 million to $181,000 dollars. How much will be the cost of default insurance for the mega-projects?
Khun Korn also did not seem to have much confidence in the Tax incentive program. The government mentioned there are 5 or 6 more measures to increase consumption. What are they? Khun Korn mention a supplementary budget would have a better effect on consumption. What is the supplementary budget for consumption?
Thank you

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