Thailand Location : Southeastern Asia, bordering the Andaman Sea and the Gulf of Thailand, southeast of Burma Capital City : Bangkok Curreny : baht (THB) Languages Spoken : Thai, English (secondary language of the elite), ethnic and regional dialects Climate : tropical; rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid National Holiday : Birthday of King PHUMIPHON, 5 December (1927) Background Information A unified Thai kingdom was established in the mid-14th century. Known as Siam until 1939, Thailand is the only Southeast Asian country never to have been taken over by a European power. A bloodless revolution in 1932 led to a constitutional monarchy. In alliance with Japan during World War II, Thailand became a US ally following the conflict. Geographical Note controls only land route from Asia to Malaysia and Singapore Economy After enjoying the world's highest growth rate from 1985 to 1995 - averaging almost 9% annually - increased speculative pressure on Thailand's currency in 1997 led to a crisis that uncovered financial sector weaknesses and forced the government to float the baht. Long pegged at 25 to the dollar, the baht reached its lowest point of 56 to the dollar in January 1998 and the economy contracted by 10.2% that same year. Thailand entered a recovery stage in 1999, expanding 4.2% and grew 4.4% in 2000, largely due to strong exports - which increased about 20% in 2000. An ailing financial sector and the slow pace of corporate debt restructuring, combined with a softening of global demand, however, slowed growth in 2001 to 1.4%. Religions Buddhism 95%, Muslim 3.8%, Christianity 0.5%, Hinduism 0.1%, other 0.6% (1991) Ports : Bangkok, Laem Chabang, Pattani, Phuket, Sattahip, Si Racha, Songkhla International Disputes - Risks to travellers : a one km stretch of Malaysia-Thailand territory at the mouth of the Kolok river remains in dispute, despite overall success in boundary redemarcation; Cambodia accuses Thailand of moving or destroying boundary markers and encroachment, of not respecting its claims, and of sealing off access to the Preah Vihear temple ruin awarded to Cambodia by the ICJ in 1962; demarcation of boundary with Laos is nearing completion, but Mekong River islets remain in dispute; Laos also protests Thai squatters; despite renewed border committee talks, significant differences remain with Burma over boundary alignment and the handling of ethnic guerrilla rebels, refugees, smuggling, and drug trafficking in cross-border region
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