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Web-only Exclusives
November 30, 2000

From Our Correspondent: Hirohito and the War
A conversation with biographer Herbert Bix

From Our Correspondent: A Rough Road Ahead
Bad news for the Philippines - and some others

From Our Correspondent: Making Enemies
Indonesia needs friends. So why is it picking fights?

Asiaweek Time Asia Now Asiaweek story

Company Monitor

Thai Airways International


Major stockholder: Min. of Finance (93%)

Recommended: Thailand's flagship carrier. Earnings for Oct. to March 1997 fell 12% from the same period a year ago because of higher fuel costs, a stronger U.S. dollar and lower ticket prices, even though capacity utilization improved. But lower fuel prices are expected to bolster the airline's profit in the second half. The firm's cost and income structure should protect it against the risk of a baht devaluation. Stripping out depreciation charges, 70% of THAI's pre-tax expenses are fixed in foreign exchange while 76% of its revenues are in hard currencies. As the Asian partner of the world's largest airline alliance, Star, THAI's international business is also protected from currency turbulence.

Sources: Asia Equity; Datastream

1996 97F 98F
P/E 12.8 12.8 12.4
YIELD 4.8% 4.8% 4.8%

This edition's table of contents | Asiaweek home



U.S. secretary of state says China should be 'tolerant'

Philippine government denies Estrada's claim to presidency

Faith, madness, magic mix at sacred Hindu festival

Land mine explosion kills 11 Sri Lankan soldiers

Japan claims StarLink found in U.S. corn sample

Thai party announces first coalition partner


COVER: President Joseph Estrada gives in to the chanting crowds on the streets of Manila and agrees to make room for his Vice President

THAILAND: Twin teenage warriors turn themselves in to Bangkok officials

CHINA: Despite official vilification, hip Chinese dig Lamaist culture

PHOTO ESSAY: Estrada Calls Snap Election

WEB-ONLY INTERVIEW: Jimmy Lai on feeling lucky -- and why he's committed to the island state


COVER: The DoCoMo generation - Japan's leading mobile phone company goes global

Bandwidth Boom: Racing to wire - how underseas cable systems may yet fall short

TAIWAN: Party intrigues add to Chen Shui-bian's woes

JAPAN: Japan's ruling party crushes a rebel м at a cost

SINGAPORE: Singaporeans need to have more babies. But success breeds selfishness

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