The stock price of BTS surged 2.5% to THB4.98 per share after the Bangkok Metropolitan Administration (BMA) announced its decision to fulfill its financial obligations towards the skytrain operator by paying a total of 14 billion baht.
The Bangkok Metropolitan Council has approved a budget augmentation to ensure that the Bangkok Metropolitan Administration can cover the payment owed to BTS Group Holdings Public Company Limited (SET: BTS) for operational and maintenance expenses, amounting to 14,549 million baht.
