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Search Result for “debt”

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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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BUSINESS

Thaworn 'confident' in Thai Airways' rehab plan

News, Thodsapol Hongtong, Published on 02/08/2019

» Deputy Transport Minister Thaworn Senneam has expressed confidence that loss-ridden Thai Airways International (THAI) will be able to stage a turnaround and start making profits within three years.

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BUSINESS

THAI staff take aim at plan to buy new aircraft

News, Thodsapol Hongtong, Published on 16/07/2019

» The Thai Airways International (THAI) workers' union has attacked the airline's plan to buy or lease 38 new aircraft, saying it would put further strain on the company that is already suffering under crippling debt.

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BUSINESS

Critics slam expressway debt-swap

News, Thodsapol Hongtong, Published on 02/07/2019

» Opposition is intensifying to the Expressway Authority of Thailand (Exat) board's decision to grant Bangkok Expressway and Metro Plc (BEM) the right to operate three expressways for 30 more years in a bid to clear its debts to the company.

BUSINESS

Expressway bids to be scrutinised

News, Thodsapol Hongtong, Published on 29/06/2019

» The Expressway Authority of Thailand (Exat) is to set up a panel to look into complaints involving the bidding process for an expressway linking Rama III Road, Dao Khanong and the western outer ring road.

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BUSINESS

Hua Hin resort gets land lease reprieve for a year

News, Thodsapol Hongtong, Published on 19/05/2019

» The State Railway of Thailand (SRT) board has agreed to extend a land lease contract with Centara Grand Beach Resort & Villas Hua Hin for another year pending talks over a contract renewal, said SRT governor Worawut Mala.

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BUSINESS

Exat offers BEM debt swap deal

News, Thodsapol Hongtong, Published on 16/05/2019

» The Expressway Authority of Thailand (Exat) is planning to give the Bangkok Expressway and Metro Plc (BEM) the right to operate three expressways for 30 more years, to avoid paying a court-ordered 4.3-billion-baht compensation for contractual violations.

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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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BUSINESS

THAI Smile hopes restructuring will close yawning losses

Thodsapol Hongtong, Published on 08/05/2019

» THAI Smile Airways' chairman of the board is confident the airline's performance will improve after a restructuring plan aimed at cutting costs and boosting efficiency.

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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.