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.
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.
The environmental case for remote working
Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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