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THAILAND

AP Thailand Expands APITOWN Brand Nationwide

Published on 23/05/2024

» AP Thailand, with its promise of "Cheevit Dee Dee Tee Lueak Eng Dai," reinforces its leadership in Thailand’s residential property industry, backed by 33 years of experience and customer trust. Building on the strength of the APITOWN brand, celebrated for its ability to elevate life, the company is embarking on a significant investment of Bht 13,530 million in 15 new and move-in ready projects. Marking the 5th anniversary of APITOWN, the firm launches the ‘APITOWN All Over Thailand’ campaign in collaboration with Chef Kapom, showcasing a profound understanding of Thai family life through thoughtfully designed homes.

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THAILAND

Siam Paragon Celebrates Pride Month with Bangkok Pride

Published on 23/05/2024

» To mark Pride Month and Thailand’s milestone of being the first Southeast Asian country to legalise same-sex marriage, Siam Paragon, a top-of-mind ‘global destination’ for Thais and international visitors, in collaboration with Bangkok Pride, proudly supports and empowers Diversity, Equality, and Inclusion with a series of events themed "The Celebration: Right to Love," from 31 May – 4 June 2024.

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THAILAND

BEM Apologises for Train Water Leak Incident

Published on 23/05/2024

» The Bangkok Expressway and Metro Public Company Limited (BEM) apologises to passengers for the incident involving water leaking into a train carriage on the MRT Blue Line while travelling from Bang Sue Station to Tao Poon Station on the evening of Tuesday, 21 May 2024. The company immediately handled the incident and took corrective action, ensuring that all passengers safely reached their destinations.

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GENERAL

Bangkok Land keen to develop 'smart' Muang Thong Thani

Business, Molpasorn Shoowong, Published on 23/05/2024

» SET-listed Bangkok Land wants to develop Muang Thong Thani as a smart city district, with plans to build a new seafood and fruit centre offering goods at affordable prices to attract tourists to Nonthaburi, banking on the Pink Line monorail service that is scheduled to start running there next year.

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GENERAL

A lever to capture corporate tax scofflaws

Business, Wichit Chantanusornsiri, Published on 23/05/2024

» Global tax reform efforts, led by the Organisation for Economic Co-operation and Development (OECD), have been building momentum since 2021, reaching agreement on one of the two pillars of tax reform: the establishment of a global minimum tax.

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GENERAL

Baht fundamentals have deteriorated

Business, Published on 23/05/2024

» Uncertainty surrounding the US interest rate trajectory, alongside geopolitical tensions, underpin much of the baht's weakness so far this year. We think the baht will trade sideways and reach 37.50 to the US dollar by year-end once these temporary factors subside.

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GENERAL

Biofuels to help ramp up BBGI's income

Business, Yuthana Praiwan, Published on 23/05/2024

» SET-listed BBGI, the biotechnology arm of energy conglomerate Bangchak Corporation Plc, expects a significant increase in revenue driven by key businesses such as biofuels that have a promising business outlook following Bangchak's takeover of Esso (Thailand) Plc.

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GENERAL

TCL banks on premium market

Business, Kuakul Mornkum, Published on 23/05/2024

» TCL Electronics, a Chinese electrical appliance manufacturer, seeks to target the premium market as spending by middle to upper-income customers is unaffected by the economic slowdown, as it plans to build an air conditioner factory in Thailand.

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OPINION

Sam Yan shows need to save history

Oped, Published on 23/05/2024

» What distinguishes Thailand from many other countries is our rich diversity in culture and history. Yet slowly but surely, the distinctive heritage of our local communities is disappearing. Often property developers destroy historic buildings in pursuit of profit. But why do their rights always seem to come first? Why do we have to beg to protect our cultural assets?

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GENERAL

Asset managers post mixed results

Business, Somruedi Banchongduang, Published on 23/05/2024

» Two bad asset management companies reported lower net profits in the first quarter this year, attributed to higher expected credit losses (ECL) amid a fragile economic recovery.