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Thai Officials Call for More Transparency in Debt-Restructuring Practices.
Byline: Wichit Sirithaveeporn
Jun. 6--The Thai Asset Management Corporation has been urged to encourage firms to reveal details of major corporate debt restructuring in order to build public confidence in its operations.
Somkid Jatusripitak, a deputy prime minister and finance minister, told TAMC senior executives yesterday to persuade owners of large companies to disclose the details.
"It is the duty of the TAMC to convince the debtors to accept public disclosure. The government wants to create transparency in debt restructuring," he said.
The TAMC is prohibited by law from disclosing specific details of restructuring on a case by ...
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Source: HighBeam Research, Thai Officials Call for More Transparency in Debt-Restructuring...