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Major creditors to rescue distressed Italian-Thai Development


webfact

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9 hours ago, webfact said:

Bangkok Bank (BBL) President Chartsiri Sophonpanich, who is also a key ITD creditor, underlined the strong long-term business prospects of ITD, despite the company currently grappling with liquidity issues. Chartsiri confirmed that BBL, along with other significant creditors, is ready to offer financial support to ITD.

Sweet deal...

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I believe the Italian-Thai Development (ITD) Plc. is currently building the Rama 2 project leading out of Bangkok southbound. This overhead highway seems to have been under construction already for the last 10 or 15 years and considering that they're only a kilometer 36 it looks like they might have 10 to 30 years to go.

 

So this company obviously needs help, they are moving very slowly, the project is a disaster with constant construction going on, both in and out of Bangkok.

 

It's actually quite an abomination. 

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On 4/19/2024 at 1:58 PM, hotchilli said:

Sweet deal...

Perhaps they should read up on the financial fiasco that just went down in Vietnam within their banking system for some tips on what not to do if they want to stay solvent. People banking with Bankok Bank should check up on the limits of their account protection and consider their risk on their account deposits. Its not over until the fat lady or in this case the fat man sings. I think I hear the music playing in the distance.  

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On 4/19/2024 at 2:12 PM, Paul Henry said:

The could sell ilegal black panther skins and meat along with a whole range of other protected animal species.

Better still run safari tours to shoot your own!

 

Chiang Mai Night Safari already tried that.

 

Kenyan conservationists reacted with anger yesterday to news that a Thai zoo to which animals are being exported in a controversial deal is planning to serve an exotic game buffet to VIP guests.

Guests at the opening of the Chiang Mai night safari zoo in northern Thailand will tuck in to a menu featuring tiger, lion, elephant and giraffe. Plodprasop Suraswadi, director of the zoo project, told reporters that guests will pay 4,500 baht (£64) each for a meal in which dishes range from locally reared dog meat to lion from Africa.

Kenya last week agreed to export over 100 wild animals to Thailand, including zebra, flamingoes, buffalo, wildebeest and hyena, despite protests by wildlife experts and Masai elders. None of the animals is from an endangered species.

https://www.theguardian.com/world/2005/nov/19/animalwelfare.kenya

 

It should be noted that it was endorsed by the then PM, Thaksin, who visited Kenya to strike the deal for the animals.

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On 4/19/2024 at 4:56 AM, webfact said:

The provision of fresh capital is aimed at bolstering the company’s operations without necessitating any rehabilitation plan.

 

So the business practices that put it in its current crisis will continue?

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On 4/19/2024 at 8:58 AM, hotchilli said:

Sweet deal...

as more big or more conncetions , however in thai or anywhere ,you will be rescued

2nd default for ITD ,last 1999-2003

Edited by lapamita
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On 4/19/2024 at 2:57 PM, spidermike007 said:

I believe the Italian-Thai Development (ITD) Plc. is currently building the Rama 2 project leading out of Bangkok southbound. This overhead highway seems to have been under construction already for the last 10 or 15 years and considering that they're only a kilometer 36 it looks like they might have 10 to 30 years to go.

 

So this company obviously needs help, they are moving very slowly, the project is a disaster with constant construction going on, both in and out of Bangkok.

 

It's actually quite an abomination. 

They is definitely sometime well wrong with the management/running of the company they have been the main contractors of Bangkok's BTS ,the sky train, since day one, over 25 years ago now.  and it is still on going.

If they cannot make any money now, as I said something is well wrong. 

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