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Friday, May 10, 2024

Silver lining in the debt deluge

Tharatporn Techakitkachorn, president of Sukhumvit Asset Management Company (SAM)

Sukhumvit Asset Management Company (SAM) is optimistic non-performing loans (NPLs) in the hotel and tourism-related sectors can be contained as some investors are keen to extend fresh funding for properties with potential in preparation for the medical tourism trend when travel ramps back up again.

Liquidity support is a key tool to help these sectors combat the prolonged Covid-19 outbreak, Tharatporn Techakitkachorn, president of SAM, said in an exclusive interview with the Bangkok Post.

SAM is the country’s second largest asset management company (AMC).

Hotel woes

The country’s tourism industry has suffered during the pandemic, with a lot of hotels temporarily closed as they await a return to normalcy.

Thailand’s tourism…

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