BUSINESSSCMP WORLD
From Crisis to Cross-Border Growth: Bangchak’s Energy Reinvention
Bangchak Corporation Plc, a Thai state-linked oil refinery under the Ministry of Finance, faced financial crisis post-1997 Asian financial crisis with debt and near shutdown. Global banks failed to stabilize it before Chaiwat Kovavisarach, an investment banker, joined the company in the early 2000s.
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