A general view shows the Evergrande Center building in Shanghai on September 22, 2021. Hector RETAMAL / AFP

Thai government advised to prepare for financial fallout from China’s ‘Evergrande’ crisis

  • October 4, 2021
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Thailand’s former finance minister and Kla Party Leader Korn Chatikavanij has strongly advised the Thai government to take precautionary steps to protect against any fallout from China’s Evergrande crisis. In…

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This file photo dated 05 September, 1997 shows exchange rates at the Bangkok Bank. (Photo by GARY WAY / AFP)

Financial crisis to silent crisis: 24 years after the baht’s freefall

  • July 2, 2021
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Thailand’s currency collapsed on July 2, 1997, as market speculation forced the country to abandon its fixed exchange rate and the central bank depleted its coffers to protect the baht….

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THAI CEO dismisses speculation that the airline is in financial crisis

  • October 4, 2019
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Thai Airways International does not have a liquidity problem and it has sufficient revolving funds to continue operations into the future, THAI CEO Mr Sumet Damrongchaitham assured today. Dismissing speculation…

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Image Credit: thaiairways.com

THAI struggling with huge debt, executives asked to take voluntarily pay cut

  • August 19, 2019
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Thai Airways International, the national flag carrier, appears to be in a deep financial crisis and may have to delay debt repayments or seek new loans. THAI president Sumet Damrongchaitham…

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