Connect with us

Corporate

THAI board chairman to seek clarification over loan guarantee request

Avatar

Published

on

Thai Airways International (THAI) board chairman Ampon Kittiampon on Tuesday revealed he would seek a clarification from the company’s management about a proposed request for a Ministry of Finance guarantee of Bt7.3-billion in loans for aircraft purchase.

Loading...

He conceded the matter could confuse the public regarding the financial position of the national carrier because the request failed to be approved by the committee tasked to supervise the public debt policy.

At present, he said, THAI had a cash flow of Bt8-10 billion a month.

In consequence, Mr Ampon said, he did not understand why management had to request a loan guarantee from the finance ministry.

Mr Ampon, who is also secretary-general of the National Economic and Social Development Board (NESDB), said he understood the request was made in 2008 when THAI experienced a financial meltdown and the country was in economic crisis.

However, the national carrier’s financial position had already improved since the committee was assigned to revitalize the ailing company, so he saw no need for the finance ministry to guarantee the loans for THAI.

Mr Ampon added THAI enjoyed an impressive, higher-than-expected operating performance in 2009, but he could not elaborate because the result is being examined by the Auditor General’s Office.

via MCOT English News : THAI board chairman to seek clarification over loan guarantee request.

Corporate

The 3 key barriers to remote working (and how to overcome them)

COVID-19 created the world’s largest remote working experiment and, for many, showed just how possible it was for employees to do their jobs without being at the office.

Daniel Lorenzzo

Published

on

Following the real-world experiment with remote working, it’s time for business leaders to re-examine their previous misgivings, and explore how to adopt flexible working in the long term

Loading...
(more…)

Continue Reading

Corporate

Digital transformation: what will be the long‑term effect of Covid‑19?

For many businesses, the Covid-19 pandemic was the catalyst for their organisational caterpillar to evolve toward digital transformation. Yet following the crisis, it remains to be seen which companies will emerge with wings – and which will simply be crawling along slightly faster than before.

Daniel Lorenzzo

Published

on

The outbreak of Covid-19 forced the rapid adoption of remote working practices and an acknowledgment of the importance of digital transformation. Following the pandemic, what will the lasting impact be?

Loading...
(more…)

Continue Reading

Corporate

Fitch Ratings Expects Improvement of Thai Corporates’ Credit Outlook

Fitch said the outlook for the food retail sector in 2021 would remain stable as earnings rebound, while the outlook for the building material and power & utilities sectors to be stable in the coming years.

National News Bureau of Thailand

Published

on

logomain

BANGKOK (NNT) – The credit rating agency Fitch Ratings expects Thai corporates’ credit outlook to improve this year as vaccination is rolled out and economic activity recovers.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,974 other subscribers

Latest

Trending