Cash is King - Back to Basics in the Bangkok Post
Prasen Chakraborty, our Financial advisory services director, wrote the article on Cash is King - Back to Basics featured in the Bangkok Post.
Keywords: Mazars, Thailand, Bangkok Post, FAS, COVID-19, Cash flow, Business Valuation
5 May 2020
The article contains useful information on the impact of COVID-19 on businesses and provides insights on several factors that can mitigate these effects and risks, and on preparing one’s organization for further development.
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Covid-19-Business Impact Update
In mid-January, Thailand was the second country globally to be impacted by the COVID-19 outbreak. Initially, the number of infected individuals grew at a comparatively low rate. In the past six weeks, there have been no reported cases of local transmission. The Thai cabinet approved an extension of the Emergency Decree through to 31 August 2020 to prevent a possible second wave of the outbreak. It also introduced the fifth phase of the easing of lockdown measures, allowing more economic and social activities to take place, but keeping many health and public safety rules and regulations in place. To assist you with your business decisions, we have addressed some of the key issues that many businesses are facing at the moment.