Thai Airways seeks B50bn infusion under debt revamp
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published : 1 Mar 2021 at 17:39
12 An Airbus A-350 aircraft sits on a tarmac of Suvarnabhumi airport on Wednesday. (Photo by Somchai Poomlard)
Thai Airways International Plc is seeking a capital infusion of as much as 50 billion baht under a debt restructuring plan set to be submitted to the Central Bankruptcy Court to keep the flag carrier operational, according to people familiar with the matter.
The fund may be raised through equity, loans or convertible securities, said the people, who asked to not be identified before the debt plan is submitted to the court on Tuesday. The capital infusion plan will need to be backed by the airline’s hundreds of credit-holders and approved by the court, they said.
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Europe weakness hits sentiment, Asian trade mixed
published : 20 Feb 2021 at 04:00
Recap: Global shares struggled to avoid losses for a fourth consecutive day following weakening business activity in the euro zone, while German and British 10-year bond yields touched multi-month highs. Asian markets were mixed amid fear of inflation spurred by the economic recovery.
The SET index moved in a range of 1,493.52 and 1,531.29 points this week before closing yesterday at 1,500.51 points, down 0.52% from the previous week, in daily turnover averaging 95.83 billion baht.
Retail investors were net buyers of 9.81 billion baht this week and brokers purchased 947.84 million baht. Institutional investors were net sellers of 8.22 billion baht and foreign investors offload 2.54 billion baht worth of shares.
Starting on Sept 1, overseas businesses providing online services in Thailand will be required to register for the 7% value-added tax (VAT) liability if their annual income exceeds 1.8 million baht, according to a Revenue Department official.
Most of the 60-billion-baht government savings bonds have been sold out within less than two weeks, amid investors' risk-off mode due to economic uncertainties, says the Public Debt Management Office (PDMO).