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Monday, May 6, 2024

Inside the struggle to raise fresh funding

A string of debt defaults has the market on edge, but with tighter lending criteria, some companies don’t have many options

According to the Thai Bond Market Association, seven companies missed payment schedules for 23 tranches of bonds in total this year as of Aug 31, worth more than 19 billion baht.

The protracted pandemic left a profound impact on businesses across Thailand. Although the financial performance of many Thai companies has improved as the outbreak eased considerably, a number are still struggling to mobilise fresh funding for business expansion and to…

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