Showing 21 - 24 of 24
For SME and Islamic banks, what went awry?
News, Wichit Chantanusornsiri, Published on 28/02/2013
» Plainly speaking, it's been a complete management failure, both inside and out. How else can one frame the fact that two state-controlled banks, the SME Bank and the Islamic Bank of Thailand, are now wrestling with bad loans in excess of 80 billion baht, or over one-quarter of their total outstanding loans? When we consider the fact that their peers in the private sector count their own non-performing loans in the low single digits, and that Thai bank profitability overall is at record highs, the performance of these two institutions looks even worse.
Tax relief for millions unlikely
News, Wichit Chantanusornsiri, Published on 15/11/2012
» There are few policy decisions more sensitive for any elected politician than changes in the tax code. To be more accurate, few decisions are more politically touchy than raising taxes. After all, job security for any politician is directly tied to their popularity among voters. It takes a brave leader indeed to risk the ire of the populace by taking money from their pockets.
Thailand Inc gets creative about debt
News, Wichit Chantanusornsiri, Published on 26/01/2012
» As any chief executive officer knows, the success or failure of an investment project or business strategy depends in part on accurate data. A misplaced calculation, an overlooked expense or unrealistic projections can make all the difference between a profit and a loss.
BoT baulks at govt bid to drop debt in its lap
News, Wichit Chantanusornsiri, Published on 05/01/2012
» The debate over the past several days regarding who should hold responsibility for the 1.14-trillion-baht in outstanding liabilities from the Financial Institutions Development Fund, should serve as a clear wake-up call about the dangers and costs of poor policy.