Email

info@ls-invest.asia

TH: +66 (0) 91 821 5557

US: +1 (702) 512 - 8349

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

Best Countries To Invest In 2020

As 2020 unfolds, every business mind is boggled by one question “Where to Invest?”. As an...

Continue reading about Best Countries To Invest In 2020
Sivana Dee
by Sivana Dee

Hopes riding high for Phuket Airport to reopen Mid-June

Phuket officials are readying for Phuket International Airport to reopen mid-June, following a...

Continue reading about Hopes riding high for Phuket Airport to reopen Mid-June
Sivana Dee
by Sivana Dee

Thailand’s Central Bank will act to restrain soaring baht

The rapidly strengthening Thai baht is proving a worry for Thailand’s Central Bank, which has...

Continue reading about Thailand’s Central Bank will act to restrain soaring baht
Sivana Dee
by Sivana Dee

Join The Discussion

×

Hello,

thank you for visiting LS-Invest.ASIA! My name is Sanne, how may I help you today?

× How can I help you?