Email

info@propertypartners.pro

TH: +66 (0) 91 821 5557

Compare Listings

Large Thai business feeling the effects of US-China trade war, rise of the baht

Large Thai business feeling the effects of US-China trade war, rise of the baht

So what do Thailand’s big banks say?

The ongoing US-China trade war and the appreciation of the Thai baht against other currencies is now starting to impact larger corporates in Thailand.

Wasin Saiyawan, senior executive vice president and chief of wholesale banking at Siam Commercial Bank says, that although large businesses are resilient to any impact and their ability to repay debt remained sound compared with small and medium-sized enterprises, the prolonged trade war is starting to impact their revenue and sales.

“Also, the depreciation of the Chinese yuan against the baht had reduced exports to China for some corporates. This had led to a year-on-year decline in income for these corporates. So the bank has to take care of clients to ensure their ability to repay debts is not affected.”

Wasin doesn’t expect growth in lending to large clients. Currently outstanding loans to large corporates stands at 900 billion baht.

“Bad debts or non-performing loans account for 1% of total loans and the bank would try to prevent it rising over 2%.”

 

via@thethaigernews

Continue Reading

img

Sivana Dee

Whether you are a first time buyer or looking to expand your investment portfolio, we are here to service your every need. Allow LS-Invest.ASIA to assist you in creating your new “LifeStyle”. The right time is now to look no further than LS-Invest.ASIA Based in Phuket, our mission is to introduce a fresh outlook on luxury property investment in Thailand with a uniquely international perspective

Related posts

APEC adopts Regenerative Tourism to revive travel

Following over two years of restricted travel and closed borders due to the COVID-19 pandemic, a...

Continue reading about APEC adopts Regenerative Tourism to revive travel
Sivana Dee
by Sivana Dee

Establishing a Representative Office in Thailand

A representative office is the ideal business entity for foreign investors who are exploring the...

Continue reading about Establishing a Representative Office in Thailand
Sivana Dee
by Sivana Dee

BOT says no threat to foreign reserve from strengthening dollar

On Saturday, BOT deputy governor Mathee Supapongse said the central bank had diversified...

Continue reading about BOT says no threat to foreign reserve from strengthening dollar
Sivana Dee
by Sivana Dee

Join The Discussion

×

Hello,

thank you for visiting Pro Property Partners! My name is Sanne, how may I help you today?

× How can I help you?