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Search Result for “debt”

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THAILAND

Rehab plan 'failing' as THAI losses mount

News, Thodsapol Hongtong, Published on 04/10/2019

» Deputy Transport Minister Thaworn Senneam has expressed concern that the loss-ridden national flag carrier Thai Airways International (THAI) may be in danger of running up net losses of well over 10 billion baht this year.

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THAILAND

Ailing Thai Airways moves to cut costs, increase revenue

Thodsapol Hongtong, Published on 13/08/2019

» Loss-ridden Thai Airways International has announced steps to cut expenditure and increase revenue, in a bid to tackle its accumulated debt of 100 billion baht.

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THAILAND

BMTA to add 2k buses amid fare outcry

News, Thodsapol Hongtong, Published on 09/05/2019

» The Bangkok Mass Transit Authority (BMTA) plans to acquire a fleet of 2,188 buses to appease city commuters, following outrage over its bus fare hike.

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THAILAND

Govt maps out Hopewell compensation

News, Thodsapol Hongtong, Published on 01/05/2019

» The Transport Ministry has come up with a five-point plan to deal with last week's court ruling ordering it and the State Railway of Thailand (SRT) to pay 11.88 billion baht, plus interest, in compensation to Hopewell (Thailand) Co over an urban train project cancelled two decades ago.

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THAILAND

Hopewell payout floors SRT

News, Thodsapol Hongtong, Published on 24/04/2019

» The loss-ridden State Railway of Thailand (SRT) is counting on the government's help to settle the 11.88 billion baht in compensation it has been ordered to pay Hopewell over the cancellation of a large-scale transport project two decades ago.

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THAILAND

SRT ramps up efforts to lease its land

News, Thodsapol Hongtong, Published on 31/03/2019

» The debt-ridden State Railway of Thailand (SRT) is ramping up efforts to lease its three prime land plots in Bangkok to be used for a 400 billion-baht commercial development project in a bid to bolster revenues.

THAILAND

BMTA to lease 'green' buses

News, Thodsapol Hongtong, Published on 11/08/2018

» The Bangkok Mass Transit Authority (BMTA) aims to lease 700 buses and buy another 35 between October and December next year, or in the first quarter of the 2020 fiscal year, according to a Transport Ministry source.

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THAILAND

THAI staff may quit if tax imbalance not fixed: union

News, Thodsapol Hongtong, Published on 09/02/2018

» Workers at Thai Airways International (THAI) are demanding a pay rise for staff, who the national carrier's union claims are being overworked and unfairly taxed.

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THAILAND

Thai Airways told small planes will ease debt

News, Thodsapol Hongtong, Published on 23/01/2018

» Deputy Transport Minister Pailin Chuchottaworn has urged Thai Airways International Plc (THAI) to procure smaller aircraft to decrease operation and maintenance costs for some of the national carrier's routes, in a bid to decrease its large debt and keep up with emerging low-cost airlines.

THAILAND

Labour union calls on BMTA execs to call in B800m debts

News, Thodsapol Hongtong, Published on 30/08/2017

» The labour union of the Bangkok Mass Transit Authority (BMTA) is calling on the state enterprise's executives to speed up collection of 800 million baht in debt from private bus service operators, the union's president said yesterday.