EDITORIAL Fix a date for the next election
The interim government and CNS should refrain from rescheduling and jointly settle on a poll date
OVERDRIVE A decade of hard lessons - both economic and political
We are about to observe the 10-year anniversary of the financial crisis. On July 2, 1997, the Bank of Thailand caved in to the pressure by devaluating the baht outright.
The crash of 1997 - 10 years on
The 1997 financial crisis for me really started in early 1994. Thailand at that time had been a major recipient of the huge inflow of foreign portfolio capital, culminating in the fourth quarter of 1993 which led to the Stock Exchange of Thailand (SET) index reaching an all-time high of 1753, which remains a full 1,000 points above current levels, despite the subsequent economic revival.
