cash-is-king-in-thailand

Cash is king in Thailand

International banks are set to benefit as cash-rich Thai companies look to expand operations overseas, but the continued dominance of paper-based transactions proves a challenge.
Cash-rich companies in Thailand are taking advantage of currency liquidity to expand operations overseas and acquire cheap assets. The Thai baht is not internationally traded, while many of ThailandÆs products and services do travel overseas. This, experts say, is one of the drivers for local banks to expand offshore operations.

International banks are benefitting as many domestic Thai companies do not have global cash management operations in place to facilitate their expansion. The credit crunch is also encouraging Thai companies to look at their own banking practices, standardise some of them and release cash from the system.

ôCompanies that have available funds are looking for opportunities to acquire other companies or are looking for new...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222