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OPINION: Managing Non-Performing Debt Can Help Revive Thai Economy.
Byline: Brian Pember
Apr. 2--Many hard lessons have been learned in Asia as a result of asset speculation and inappropriate investments made in the run-up to economic turmoil in 1997. Thailand has had its share of non-performing debt, threatening the foundations of the banking sector and the economy at large.
As the corporate sector, financial institutions and government grapple with the myriad issues involved in revitalising the economy, some debt-ridden companies continue to pursue operating practices that effectively run down the value remaining on their balance sheets -- to the further detriment of creditors.
But times are changing, and there is now pressure, mostly led by government agencies, to redress this situation and seek proper resolution of NPLs and the lack of ...
- OPINION: Managing Non-Performing Debt Can Help Revive Thai Economy.
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