Showing 1 - 10 of 34
Vongsayam bid given green light
Business, Wichit Chantanusornsiri, Published on 15/03/2022
» The Treasury Department yesterday decided to name Vongsayam Korsang Co the winning bidder of its concession to manage and operate the main water transmission pipeline system in the East of the country, quoting a bid of 25.6 billion baht, said Deputy Finance Minister Santi Promphat.
THAI creditors approve debt restructuring plan
News, Wichit Chantanusornsiri, Published on 20/05/2021
» Thai Airways International's (THAI) creditors on Wednesday formally approved the airline's debt rehabilitation plan which emphasises the state's role in helping the struggling flag carrier access fresh cash injections.
State 'not obliged to save THAI'
News, Wichit Chantanusornsiri, Published on 17/05/2021
» There is no commitment to a state bailout in Thai Airways International Plc's (THAI) debt rehabilitation plan, according to a source close to people conducting the process.
Creditors put off key vote on THAI
News, Wichit Chantanusornsiri, Published on 13/05/2021
» Creditors yesterday postponed a vote on Thai Airways' (THAI) debt restructuring plan until next week.
Creditors vote Wednesday on THAI rehab plan
News, Wichit Chantanusornsiri, Published on 12/05/2021
» If Thai Airways International Plc (THAI) were to go under on decision day, which is Wednesday, creditors would only be paid 12.9% of what is owed to them, a source at the airline warned.
THAI's state status is 'up to creditors'
News, Wichit Chantanusornsiri, Published on 24/04/2021
» Whether the state enterprise status of Thai Airways International Plc (THAI) will be returned depends on creditors, Finance Minister Arkhom Termpittayapaisith said on Friday.
Striving for a more balanced economy
Oped, Wichit Chantanusornsiri, Published on 14/05/2020
» In its bid to alleviate the economic damage from the coronavirus pandemic through the 1-trillion-baht borrowing scheme, the Prayut Chan-o-cha government aims to provide immediate relief to millions who are in trouble, and also restore the grassroots economy, with a view to better balancing the economic system, so it depends less on exports and tourism.
Political instability adds to viral woes
News, Wichit Chantanusornsiri, Published on 05/03/2020
» The economy weakened last year thanks to the Sino-US trade war. This year, its health could worsen further due to two emerging factors. One is the Covid-19 outbreak which has hit the country's tourism industry hard. Another is potential political turmoil signalled by a series of "flash mobs" of students which gathered after the Constitutional Court's ruling to dissolve the Future Forward Party (FFP). If the rallies continue unabated, this year's growth could be worse than analysts predict.
Proxy vote saga puts entire economy at great risk
News, Wichit Chantanusornsiri, Published on 30/01/2020
» As the Constitutional Court yesterday accepted a request by House Speaker Chuan Leekpai to rule on the validity of the 2020 budget bill, the fate of public spending and investment now hang in the balance, thanks to proxy voting by government coalition MPs which has put the legality of the bill in question.
B300bn in budget obligations paid out
Business, Wichit Chantanusornsiri, Published on 28/01/2020
» The government has been able to disburse 300 billion baht in obligation budget during the protracted delay in passing the 3.2-trillion-baht fiscal 2020 budget.