Large corporates feel the pain of trade war, baht rise
The trade war between the United States and China and the appreciation of the baht against other currencies have started to impact large corporates, say bankers.
Although large corporates are resilient to any impact and their ability to repay debt remained sound compared with small and medium-sized enterprises, the prolonged trade war had started to impact revenue and sales of large corporates, said Wasin Saiyawan, senior executive vice president and chief of wholesale banking at Siam Commercial Bank.
The Nation Reporter
