{"id":1875,"date":"2019-09-17T07:15:15","date_gmt":"2019-09-17T07:15:15","guid":{"rendered":"https:\/\/35.197.150.33\/?p=382"},"modified":"2023-12-13T14:24:34","modified_gmt":"2023-12-13T07:24:34","slug":"large-thai-business-feeling-the-effects-of-us-china-trade-war-rise-of-the-baht","status":"publish","type":"post","link":"https:\/\/plizz.co\/th\/blog\/large-thai-business-feeling-the-effects-of-us-china-trade-war-rise-of-the-baht\/","title":{"rendered":"Large Thai business feeling the effects of US-China trade war, rise of the baht"},"content":{"rendered":"

\"\"The trade war between the United States and China and the appreciation of the baht against other currencies have started to impact large corporates, say bankers.<\/p>\n

Although large corporates are resilient to any impact and their ability to repay debt remained sound compared with small and medium-sized enterprises, the prolonged trade war had started to impact revenue and sales of large corporates, said Wasin Saiyawan, senior executive vice president and chief of wholesale banking at Siam Commercial Bank.<\/p>\n

Also, the depreciation of the Chinese yuan against the baht had reduced exports to China for some corporates. This had \u00a0led to a year-on-year decline in income for these corporates, he said. So the bank has to take care of clients to ensure their ability to repay debts would not be affected.<\/p>\n

He did not expect growth in lending to large clients. Currently outstanding loans to large corporates stand at Bt900 billion, according to Wasin. Bad debts or non-performing loans (NPLs) account for 1 per cent of total loans and the bank would try to prevent it rising over 2 per cent, he added.<\/p>\n

Senathip Sripaipan, chief wholesale banking officer at TMB Bank, said that some large corporates have delayed investments, especially in overseas projects, because of the impact of the slow growth of the global economy and the ongoing trade war.<\/p>\n

The bank is worried about large agri-business firms. The bank has not yet seen signs of debt default or rising bad debt. \u201cBut we have to closely monitor them,\u201d he added.<\/p>\n

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Payong Srivanich, president and CEO of Krungthai Bank, said that some big businesses have started to cut their capacity utilisation from full utilisation to about 70 per cent. Some property developers have also delayed their investments in new projects, he added.<\/p>\n

Pornchai Padmindra, co-head for wholesale banking and head of corporate banking and investment banking at CIMB Thailand, said that the trade war and the global slowdown had some impact on large firms.<\/p>\n

Some of them have started to relocate their production base to avoid the impact of tariff hikes. \u201cBig corporates could export their products to new markets,\u201d he added.<\/p>\n

SOURCE:\u00a0<\/span>The Nation<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"

The trade war between the United States and China and the appreciation of the baht against other currencies have started to impact large corporates, say bankers. Although large corporates are resilient to any impact and their ability to repay debt remained sound compared with small and medium-sized enterprises, the prolonged trade war had started to […]<\/p>\n","protected":false},"author":18,"featured_media":1334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nImpact of U.S-China Trade War & Rising Baht on Thai Businesses<\/title>\n<meta name=\"description\" content=\"Explore the effects of rising U.S-China trades tension and an ascending baht on large Thai businesses. 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