Bangkok heavy symptoms Debt Skyrocket Beware of ‘Bankruptcy’
“Bangkok’s debt now has to bear over a hundred million baht It is an outstanding debt of BTS Group 30 billion to be paid on April 1, ’64 and the burden transferred from the MRTA for another 6 billion baht today, so the time is expired at the BMA, Ministry of Interior. The government kept buying time and urged to find a way out. “
I must say that the debt of Bangkok In the subsidiary company, Bangkok Thanakom Public Company Limited, as of today, must bear over a hundred million baht is completed. Which, if considering the said amount of debt With the assets or potential of the city Bangkok that people perceive the world Of interest to tourists I must say that the value is not much. Manage financial management Easy to clear debt But if we penetrate inside Problems that exist must say that there is no future. And if left to walk without a plan There is no way out like today and I must say that the road to bankruptcy can happen at any time.
Saying like this is not, it can’t happen. But if you turn to look at the responsible person from the BMA, the Minister of Interior who supervises And the Cabinet To make policy decisions Seems to be buying time indefinitely And not just buy time now But it has been delayed for almost two years with the debt that keeps rising. And is going to increase again when Bangkok decides to postpone the fare The green line extension goes out again indefinitely. After originally, will collect 104 baht, starting February 16, 2021.
Which means that people continue to sit for free But comes with BMA’s suffering, increasing debt burden Because they have to hire a BTS group to operate Which is calculated as having to hire 600 million baht per month, so when there is no income coming Equals that the debt has an increased leg Keep accumulating Plus the BTS group I can’t stand a burden After issuing the money for 2 years before, it submitted the official debt collection Notis on February 1, 2021 regarding debt repayment, operation and maintenance of the Green Line project. Extension 1: Saphan Taksin – Bang Wa Nut-bearing range And extension 2: Mo Chit – Saphan Mai – Khu Khot And the bearing range – Samut Prakan
For debts of about 30,000 million baht, outstanding for 3 years and 9 months since April 2017, separate into the bus service debt. 9,602,927,987.84 baht and debt for the purchase of the bus system (Electrical and mechanical) to be due in March 2021 amounting to 20,768,979,836.13 baht, which must be paid within 60 days from the date of receipt of the Feb 1 letter, which means that the payment must be made on the date. On April 1, 2021 and in the book also stated If not paying the company It is necessary to consider the exercise of legal rights.
We see that if released by the BMA, the Ministry of the Interior and the government does not decide to choose either way. The debt owed to BTS Group will increase from 30 billion baht to 40 billion baht over the next 2 years or the end of this government term. Total debt structure of Bangkok, when combined with the burden transferred from the MRTA, another 6 billion baht is equal to that in the next phase Bangkok will bear debts in excess of a hundred million baht
As I said, if there is a solution It is not difficult with the value of this debt. But if you continue to choose to buy time Special Administrative Organization Can be filed for bankruptcy True, the central government would not have let that happen. But just issued the news that the private sector sued Bangkok That the world knows well Thailand’s image may not be bad all over the world. So today there is still time to choose one of these guidelines. 1. Keep the fare as appropriate. 2. Extend the BTS concession to clear debt 3.Keep the fare low But the government has to find money to subsidize yearly. Fare compensation Until today, only waiting for the courage to lead Bangkok to survive.
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