re: "THAI hopes to pare losses to B2.2 billion" (BP, November 13, 2019)
Dear editor,
We are all amazement that THAI has now managed to lose an incredible 8 billion of its projected 10-billion-baht loss. But is that an actual loss in the loss, or is it creative accounting? Where has that lost 8 billion baht loss gone?
But regardless of this amazing misplacement of an 8 billion baht loss, it remains unjustifiable to expect we the tax payers to hand over even 2.2 billion baht to further fund the persistent incompetence and general failure that characterize the disgraceful white elephant that is THAI.
Felix Qui
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The above letter to the editor is the text as submitted by Felix Qui to the Bangkok Post.
The text as edited was published in PostBag on November 15, 2019, under the title "Creative accounting" at https://www.bangkokpost.com/opinion/postbag/1794639/sour-side-of-sugar
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