Lessons from 1997

Lessons from 1997

On 2 July 1997, Thailand gave up the dollar peg and devalued the baht. Asia’s economic crisis – also known as the Tom Yam Kung crisis (วิกฤตต้มยำกุ้ง) – had officially begun. What did the Asian countries learn from this major event that started 25...
Makro Doubles its Presence in Cambodia

Makro Doubles its Presence in Cambodia

Siam Makro will open two more Makro shopping malls in Cambodia. Currently, Siam Makro owns one shopping mall in Phnom Penh and another in Krong Siem Reap, according to the foreign trade promotion office at the Thai embassy in Phnom Penh. Cambodia’s economy is...
The True Thai New Year

The True Thai New Year

Songkran is the traditional Thai New Year festival. It is a celebration that embraces goodwill, love, compassion. and thankfulness, using water as the means of expression. The word Songkran derives from Sanskrit and means to move or step forward. Songkran takes place...
Sandwiched Between Powers

Sandwiched Between Powers

In the late 19th Century, France and Great Britain had Siam surrounded from Burma (Myanmar) to the West and French Indochina to the West (Laos, Cambodia and Vietnam). To the south was British Malaya (Malaysia). An eleven-week war with France in 1893 and considerable...