1997-98 Asian financial crisis

No beachfront fire sale for Thai tourism assets

BANGKOK – With more than half of Thailand’s 60,000-plus hotels and guest houses still shuttered since the government closed the national borders in April and with a waiver on interest payments hotels and resorts owe to banks set to end in October, the Thai hotel…

Malaysia’s 1998 problem bursts back into the open

Malaysia’s return to 1998 is as sudden as it is predictable. This economic bookend is making headlines as Covid-19 fallout drives Malaysian gross domestic product down 17.1% in the second quarter compared to a year earlier. It’s not enough, though, to point out that this…

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