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BUSINESS

Ministry seeks reversal of compensation to Hopewell

News, Thodsapol Hongtong, Published on 16/10/2019

» The Transport Ministry is seeking to reverse the Supreme Administrative Court's ruling ordering it and the State Railway of Thailand (SRT) to pay hefty financial compensation to Hopewell (Thailand) Co.

BUSINESS

Thai Airways eyes passenger growth

News, Thodsapol Hongtong, Published on 14/10/2019

» Financially struggling Thai Airways is eyeing 8% in passenger growth by year's end as it plans to launch new routes.

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BUSINESS

Rail consortium 'set to ink deal'

News, Thodsapol Hongtong, Published on 12/10/2019

» The Charoen Pokphand (CP)-led consortium will sign the contract to build a 224-billion-baht high-speed railway linking three airports on Oct 25, a source at the Transport Ministry said on Friday.

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BUSINESS

THAI told to revamp rehab plan

News, Thodsapol Hongtong, Published on 11/10/2019

» Deputy Transport Minister Thaworn Senneam has ordered loss-ridden national flag carrier Thai Airways International (THAI) to overhaul its financial rehabilitation plan and draw up a new business plan within 30 days.

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BUSINESS

Play by the rules: Anutin

News, Thodsapol Hongtong, Published on 10/10/2019

» The government on Wednesday maintained its pressure on the Charoen Pokphand Group (CP)-led consortium to sign the contract to build a 224-billion-baht high-speed railway linking three airports.

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BUSINESS

Nok Air inspects jet for cracks

News, Thodsapol Hongtong, Published on 10/10/2019

» One of the aircraft operated by the budget carrier Nok Air has been inspected as a matter of urgency in response to a US Federal Aviation Administration (FAA) directive prompted by the discovery of a physical fault in specific models of the Boeing 737 aircraft, according to the Civil Aviation Authority of Thailand (CAAT).

BUSINESS

Rail body seeks cut in B37bn payout bill

News, Thodsapol Hongtong, Published on 10/10/2019

» The State Railway of Thailand (SRT) will pay the entire 11.88 billion baht in compensation to Hopewell Holdings, as ordered by the Supreme Administrative Court, but will negotiate for a reduction in the interest payment, Transport Minister Saksayam Chidchob said on Wednesday.

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BUSINESS

Yanmar an engine of growth in Osaka

Business, Thodsapol Hongtong, Published on 10/10/2019

» Osaka has long enjoyed status as one of the commercial centres of Japan. Among the many thriving companies based in the city is Yanmar Co Ltd, a maker of engines for boats, heavy equipment and power generators.

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BUSINESS

3-airport rail link hits another bump

News, Thodsapol Hongtong, Published on 09/10/2019

» The signing of the 224-billion-baht contract between the State Railway of Thailand and Charoen Pokphand Group (CP) for the rail link between the three main international airports has run into another delay following the resignation of the entire SRT board.

BUSINESS

CP's request for risk-share deal rebuffed

News, Thodsapol Hongtong, Published on 08/10/2019

» The Transport Ministry has rebuffed a request from the Charoen Pokphand (CP) Group that the government share the risk in building the 224-billion-baht high-speed railway linking three main airports.