(Photo by Somchai Poomlard)As finance and accounting are key aspects of Thai Airways International's business restructuring plan, the Bangkok Post sat down with THAI chief financial officer Narongchai Wongthanavimok to discuss the state-mandated overhaul. Mr Narongchai named foreign exchange (forex) management as the most complicated issue facing the airline business. Mr Narongchai, who was appointed to the finance post one year ago, said THAI must look at debt/expenses and revenue as two different items. "Once we have done that, we will be able to minimise the foreign exchange exposure in our balance sheet." He pointed out that the big differences in the first and second quarters, stemming mainly from foreign exchange exposure, were an example of poor forex management.

Source: Bangkok Post September 01, 2016 22:30 UTC