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World economy downhill from here
Oped, Chartchai Parasuk, Published on 17/11/2022
» When I planned for this week's article, I wanted to write about the illusions of today's economic picture such as the robust GDP growth in emerging economies, declining inflation rates, booming travel business, strengthening of the Thai baht, and so on. But even with the economic data and theories to back up my claims, who would believe me? Who would believe that the current robust demand is nothing but an example of short-term, pent-up demand after two years of the Covid-19 outbreak? Who would consider the fact that consumers have no increased purchasing power to sustain today's level of consumption? Most of all, who would imagine that things would change drastically in the fourth quarter after consumers face the reality of a higher cost of living and stagnant income?
BMA sorely needs financial advisers
Oped, Chartchai Parasuk, Published on 22/09/2022
» On Sept 7, 2022, the Central Administrative Court ordered the Bangkok Metropolitan Authority (BMA) and its wholly owned subsidiary Krungthep Thanakom (KT) to pay Bangkok Mass Transit System Public Company (BTS) back overdue Operating and Maintenance (O&M) fees on extensions 1 and 2 of the Green Line (Sky Train) in the amount of 11.75 billion baht within 180 days.
THAI restructuring will not be easy
News, Chartchai Parasuk, Published on 18/06/2020
» While I was the head of the Corporate Finance Department at National Finance (now known as Thanachart Bank), I handled many cases of debt restructuring. The largest one was the 20-billion-baht debt of a hospital chain.