The concept of debt-for-nature swaps (DFNSs) was first introduced in the 1980s for conversion of debt owed to creditors by developing countries that were unable to service their external debt. Over the past 30 years, a whole range of different debt treatment operations has been developed under the umbrella of DFNSs involving both commercial debt…
DetailsThe resolution professional (RP) for the troubled GVK Gautami Power Ltd, a 471 MW capacity gas-based power plant in Kakinada district of Andhra Pradesh, has sought Expression of Interest (EOI) from corporates, finance firms, and Asset Reconstruction Companies (ARCs). The financial creditor, Edelweiss Asset Reconstruction Company Limited, had filed a petition to initiate a Corporate…
DetailsAs MNCs strive to align their transfer pricing policies with their global ESG initiatives, they must navigate complexities In recent years, the intersection of ESG considerations and Transfer Pricing has emerged as a critical focus area for companies operating in the global marketplace. ESG factors encompass a diverse range of issues encapsulating environmental sustainability, social…
DetailsKharom Polpornklang, a deputy government spokesman, said on Tuesday that the approved package comprises three key measures, namely: Debt moratorium for SMEs: A debt moratorium will be offered to small businesses grappling with financial challenges in the wake of the Covid-19 pandemic. Soft loans for loan shark victims: Soft loans will be provided to debtors…
DetailsShaun Barton Shaun Barton, partner at Company Closure, highlights the warning signs of a company insolvency. When it comes to the impending, or actual, insolvency of a limited company, taking swift action is critical. Seeking the services of a business turnaround expert such as a licensed insolvency practitioner at an early stage could mean the…
DetailsGovernment will try to keep diesel prices at around 30 baht a litre and electricity bills at up to 4.2 baht per unit PUBLISHED : 19 Dec 2023 at 12:26 People shop at Sampeng Market in Bangkok. (Photo: Wichan Charoenkiatpakul) The cabinet approved debt suspension for smaller businesses and support for retail debtors, as the…
DetailsBANGKOK : Thailand’s cabinet has approved debt suspension for smaller businesses and support for retail debtors, the prime minister said on Tuesday, in the government’s latest move to address the country’s festering debt issues. The programme is part of a plan to help the 10.3 million people who are struggling to service debt, a drag…
DetailsBANGKOK, Dec 19 (Reuters) – Thailand’s cabinet has approved debt suspension for smaller businesses and support for retail debtors, the prime minister said on Tuesday, in the government’s latest move to address the country’s festering debt issues. The programme is part of a plan to help the 10.3 million people who are struggling to service…
DetailsBANGKOK, Dec 19 (Reuters) – Thailand’s cabinet approved debt suspension for smaller businesses and support for retail debtors, Prime Minister Srettha Thavisin said on Tuesday. The government will also try to keep diesel prices at around 30 baht ($0.8581) per litre and electricity bills at up to 4.2 baht per unit to help lower energy…
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