State railway to finally account for assets and liabilities | Bangkok Post: news

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State railway to finally account for assets and liabilities

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The State Railway of Thailand, the country's worst-performing state enterprise financially, is finalising its first accounting of its assets and liabilities in more than a decade. 

Prasong Poonthanet, the director-general of the State Enterprise Policy Office, said that while the railway operator had the greatest losses among the country's state enterprises, it was technically solvent, with assets valued at considerably more than its debt.

But the SRT's finances have suffered from the failure to properly value and manage its assets, which include large landholdings across the country.

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