Dai Kadomae, CFA, CPA, is a Thailand-based strategic finance adviser and former CFO with more than 25 years of cross-border M&A and capital market experience.
Thailand is wrestling with sluggish consumption and rising debt, leaving smaller businesses increasingly vulnerable. While nonperforming loan (NPL) ratios remain around 2.7%, bad loans among small and medium-sized enterprises (SMEs) have surged past 7%, signaling growing financial strain. As banks pull back, global alternative funds are eyeing Thailand's distressed market for higher yields and diversification, though with significant risks. Yet deal flow remains thin.
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