Connect with us

Thailand

Thai Airways’ credit rating downgraded

Anukul

Published 

 on 

Thai Airways’ credit rating downgraded | The Thaiger
FILE PHOTO: thethaiger.com
  • follow us in feedly

The credit rating for Thai Airways will be downgraded before bankruptcy restructuring takes place.

Tris Rating (Thai Rating and Information Services) has downgraded the company rating for Thai Airways and its rating for Thai Airway’s senior unsecured debentures from “BBB” to “C” while maintaining a negative Credit Alert.

Following the government’s resolution yesterday it seems that the national carrier has anticipated a freeze on all Thai Airway’s debt obligations under bankruptcy law. They will also be filing a petition for restructuring via Thailand’s Bankruptcy Court. Read more HERE

The Nation Thailand has predicted that once the court accepts the petition, it will trigger an automatic freeze on debt obligations, meaning Thai Airways will stop servicing all debts until an agreement is reached among all stakeholders.

When the freeze is implemented, the Credit Alert for Thai Airways has the likelihood that its ratings will be downgraded to “D” or “Default.”

The Ministry of Finance currently holds a 51% stake in the airline, but if that holding is cut to below 50% Thai Airways will no longer be a state enterprise.

SOURCE: Nation Thailand

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.



Read more headlines, reports & breaking news in Thailand. Or catch up on your Thailand news.

My name is Anukul, I a writer for the Thaiger, I specialise in translation articles and social media, and assisting with our video production. I previously worked at Phuket Gazette and attended BIS international school in Phuket.

Thailand

Police say at least 2 people to be arrested in Bangkok bomb attack – UPDATE

The Thaiger

Published

on

Police say at least 2 people to be arrested in Bangkok bomb attack – UPDATE | The Thaiger

Police say they will issue arrest warrants for at least 2 people in connection to yesterday’s bomb attackin Bangkok. According to Thai PBS World, the people are suspected of throwing a ping pong bomb into a group of police officers in front of the Chamchuri shopping centre that injured 3 policemen and 1 reporter. But previous reports by Khaosod English say the bomb attack saw only 2 policemen injured out of a total of 4.

Piya Tawichai, the deputy commissioner of the Metropolitan Police Bureau, says it is believed that the perpetrators threw the bomb from a vehicle on the flyover heading towards Hua Lampong railway station. Police say they found nails, wire and black electrical tape at the scene of the explosion.

The attack occurred at 6pm, during a pro-democracy rally over the government’s enforcement of the lesé majeste law, which has seen over 43 people arrested, including students, since November. Just last week, a Thammsat University student was arrested in his dorm room over lese majeste charges. Ironically, the reason for his arrest was reportedly due to his calling for such a law to be abolished.

Earlier today, a group of pro-democracy protesters and Ratsadon guards rallied in front of the Internal Security Operations Command head office in Dusit district, demanding for the release one of the guards, who has been missing since last night.

ISOC spokesman Thanathip Sawangsaeng responded to the claims by saying that ISOC had nothing to do with Mongkol’s disappearance because it is “not responsible for maintaining peace and order in the city.”

Now, Thai Lawyers for Human Rights have reported that that Mongkol has been released in the Bangpoo area. Mongkol and his lawyer went to notify the police at the Muang district police station and say that Mongkol will be sent for a physical and psychological evaluation.

SOURCE: Thai PBS World

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Thailand

Thailand’s PM says he won’t let Thais become vaccine “guinea pigs”

The Thaiger

Published

on

Thailand’s PM says he won’t let Thais become vaccine “guinea pigs” | The Thaiger

Thailand’s PM is saying he won’t let Thai people become vaccine “guinea pigs” in his Facebook post today as he points to reports of serious negative side effects that some people have suffered after getting jabbed with the Covid-19 vaccine. Instead, PM Prayut Chan-o-cha says he will wait for more information from the experts about whether such side effects were attributed to the vaccine solely, or other factors.

“For Thai people, I decided not to take the risk and will not rush to inoculate with vaccines which have not been fully tested and will not let Thai people become guinea pigs.”

He says the National Vaccine Committee will advise the government and closely supervise the use of Covid-19 vaccines in the country once they are rolled out. As the vaccines are not yet available, he reiterated the importance of taking precautions such as wearing face masks when leaving home, practising social distancing and abstaining from gatherings, particularly political ones.

The government has reported 374 new cases of Covid-19 in the kingdom today, with all but 10 being locally-transmitted. Now, the total has risen to 12,000 cases since the pandemic began.

A government spokesman is also saying that PM Prayut is worried about people’s health as the weather has taken a turn for the cold. He also affirmed the importance of imposing measures under the Emergency Decree and Thailand’s Communicable Disease Act in order to help curb the recent Covid second wave. He is also reminding the public to download the Thai Chana and Mor Chana apps.

Thailand has ordered 60 million doses of Covid-19 vaccines from a variety of sources, with the first shipment of 200,000 doses to arrive in February. Those vaccines are from China’s Sinovac Biotech. In March, another 800,000 doses are scheduled to arrive and another million by April.

The government has also pre-ordered 26 million doses of the Covid-19 vaccine from AstraZeneca, using vaccine technology transfer to allow local production by Thailand’s local company, Siam Bio Science.

SOURCE: Thai PBS World

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Thailand

Police hunt for those behind Bangkok bomb attack near pro-democracy protest site

The Thaiger

Published

on

Police hunt for those behind Bangkok bomb attack near pro-democracy protest site | The Thaiger

Police are hunting for those responsible for yesterday’s bomb attack that hit near a pro-democracy protest site in Bangkok. The attack occurred at Samyan Intersection at around 6pm, leaving 4 people injured, including 2 policemen. Bangkok police chief Phukphong Phongpetra says the device used appears to be a pingpong bomb, which was filled with nails.

Demonstrators gathered yesterday in front of Samyan Mitrtown shopping mall to protest enforcement of Thailand’s royal defamation law, which has been used sweepingly since the protests started up again last year. Riot police were deployed to the site as well as to Victory Monument, where police dispersed a group of activists earlier yesterday.

Last November, a similar incident occurred when someone threw a firecracker at pro-democracy protesters from the MRT Tha Phra Station, but no one was injured and the attacker remains unidentified.

Since November, at least 43 people have been charged with lese majeste, including underage students, with most being comprised of activists that helped organise the protests in Bangkok calling for monarchy reforms.

Government spokesman Anucha Burapachaisri is urging people to stop joining in political gatherings, as PM Prayut Chan-o-cha is voicing his concernover the recent cold weather and the potential further spreading of Covid in mass gatherings.

“The government does not wish to see a rise in infections caused by political rallies. Therefore, we’d like to ask for cooperation from the public to comply with measures to prevent the spread of COVID-19.”

The cooler weather is expected to last for another 2 days, after a cold spell from China washed over Thailand, with the northern part of the country expected to see a drop of up to 8 degrees Celsius in temperature.

Authorities are banning any unauthorised gatherings under the Emergency Decree, as Anucha confirms the need to carry out the decree as well as Thailand’s Communicable Disease Act measures.

SOURCE: Khaosod English

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading
Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15 | The Thaiger
Thailand2 days ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14 | The Thaiger
Thailand3 days ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13 | The Thaiger
Thailand4 days ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12 | The Thaiger
Thailand5 days ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11 | The Thaiger
Thailand6 days ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8 | The Thaiger
Thailand1 week ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7 | The Thaiger
Thailand1 week ago

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7

Thailand News Today | 10,000 schools closed, 900 new migrant infections, Gambling crackdown | January 6 | The Thaiger
Thailand2 weeks ago

Thailand News Today | 10,000 schools closed, 900 new migrant infections, Gambling crackdown | January 6

Thailand News Today | PM reverses lockdown, Southern P.D.A. crackdown, Covid update | Jan 5 | The Thaiger
Thailand2 weeks ago

Thailand News Today | PM reverses lockdown, Southern P.D.A. crackdown, Covid update | Jan 5

Thailand News Today | Record daily infections, Covid restrictions, British arrivals ‘on hold’ | Jan 4 | The Thaiger
Thailand2 weeks ago

Thailand News Today | Record daily infections, Covid restrictions, British arrivals ‘on hold’ | Jan 4

Thailand News Today | Pattaya restrictions, 2021’s extra holidays, Covid update | December 30 | The Thaiger
Thailand3 weeks ago

Thailand News Today | Pattaya restrictions, 2021’s extra holidays, Covid update | December 30

Thailand News Today | Covid update, Bangkok restrictions, Gold rush | December 29 | The Thaiger
Thailand3 weeks ago

Thailand News Today | Covid update, Bangkok restrictions, Gold rush | December 29

Thailand News Today | No national lockdown, Bangkok schools closed, Abortion Bill | Dec 24 | The Thaiger
Thailand3 weeks ago

Thailand News Today | No national lockdown, Bangkok schools closed, Abortion Bill | Dec 24

Thailand News Today | Covid outbreak update, migrant workers ‘dumped’, Phuket’s fake cases | Dec 23 | The Thaiger
Thailand4 weeks ago

Thailand News Today | Covid outbreak update, migrant workers ‘dumped’, Phuket’s fake cases | Dec 23

Thailand News Today | 427 new C19 infections, Pattaya countdown cancelled, Elite Visa update | Dec 22 | The Thaiger
Coronavirus (Covid-19)4 weeks ago

Thailand News Today | 427 new C19 infections, Pattaya countdown cancelled, Elite Visa update | Dec 22

Follow The Thaiger by email:

Trending