As far as Thailand the daily report on June 29, Thailand's Central Bank monetary policy Department of the study report notes that in the current economic downturn situations, domestic enterprises of revenue capacity significantly dropped, domestic and export sales were lower as the economic slowdown, particularly in export-oriented enterprises, since the exports plummeted, resulting in a decline in its revenues far higher than the domestic market leading enterprises.
The report shows that enterprise revenue capacity decreases, resulting in the ability to repay, so that the corresponding decrease in the fourth quarter earnings on interest rates and debt ratio, then drops to 1.3 times and 0.8 times. Although the first quarter of this year, and then click Start upgrade to 3.7 and 1.4 times, but there are some companies unable to repay debts, leading past due proportion.
Although the company revenue decline in the debt ratio reduced to prove the financial strength of the Thailand business remains solid, help mitigate the impact of the economic crisis.
The survey also found that the Thailand business to economic harsh environment already sufficient resistance, resistance time also increases, benefit from the Thailand business financial strength strong and pure high interest rates.
Data show that if the company's pure interest rates continued to decline by 10% per year, most companies can be a loss of maintaining some 3.6 year, higher than the 1999 survey of 1.8 years; if pure rate of interest by 20%, can be maintained by some 1.7 year, higher than the previous 9 months.
Central Bank pointed out that the economic slowdown, enterprises can continue to operate, depending on the severity of the crisis, the duration, and the company's accumulated funds.
The Government should mitigate the economic problems, and use financial and fiscal policy, reduce financial costs and promote economic growth, in particular to stimulate domestic consumption, compensate for the decrease in export revenue.
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