Sunday, 4 March 2012

Thai Prime Minister Wants Steel Debt Problem Solved.

Byline: Chatrudee Theparat

Oct. 12--Prime Minister Thaksin Shinawatra has called for speedy solutions to the chronic bad debt problems of the steel industry, according to Chakramon Phasukvanich, secretary-general of the National Economic and Social Development Board (NESDB).

The industry had outstanding loans of 300 billion baht, of which 150 billion were classified as non-performing, Mr Chakramon said.

About 80 billion baht of the industry's bad debt is being managed by the Thai Asset Management Corporation (TAMC).

At a meeting yesterday between economic ministers, the Thai Bankers' Association, Thai Chamber of Commerce and Federation of …

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