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Thailand: Suriya works to solve Picnic's financial problems after resigning from cabinet post.
(From Thai Press Reports)
Section: Corporate News - Fresh from brief Cabinet stint, former boss outlines recapitalisation plan, The Nation reports.
A day after stepping down as deputy commerce minister, Suriya Lapwisuthisin rushed back to rescue Picnic Corp. The company has appointed him advisory chairman to help tackle its short-term-debt burden of Bt5 billion, which is due for repayment within this year.
Suriya returned to Picnic after quitting his Cabinet post amid intense political pressure.
Prime Minister Thaksin Shinawatra had signalled to Suriya that he should leave the Cabinet after his younger brother and sister, Theerachanon and …
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