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Search Result for “$8 billion”

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GENERAL

Industry sentiment up in July

Business, Lamonphet Apisitniran, Published on 17/08/2024

» The Thai Industries Sentiment Index (TISI) increased for the first time in four months to 89.3 points in July, driven by higher demand for food, medicine and cosmetic products, says the Federation of Thai Industries (FTI).

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THAILAND

AssetWise hits new record with 849 million profit

Published on 16/08/2024

» ASW unveiled its performance for the first six months of 2024, achieving a new high with 4.642 billion baht in total revenue, contributing to a record profit of 849 million baht. This represents year-on-year growth of 54% in revenue and 93% in profit.

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THAILAND

Myrex Thailand Reignites Stainless Steel Segment with MEYER Launch

Published on 16/08/2024

» Myrex (Thailand), a leading global cookware and bakeware manufacturer, is set to penetrate the 35-billion-baht kitchenware market with the launch of two new MEYER stainless steel models—the White Steel Series and Luna Series. This marks the company's return to the stainless steel segment after 25 years. With this launch, Myrex aims to boost sales by 15% by the end of 2024, targeting home cooking enthusiasts across all generations.

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GENERAL

Institute predicts 8.8% jump in food exports to B1.6tn

Business, Lamonphet Apisitniran, Published on 16/08/2024

» The value of Thailand's food exports is expected to increase by 8.8% year-on-year to 1.6 trillion baht this year, driven by growing global demand and a decrease in the prices of raw materials, says the National Food Institute (NFI).

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PROPERTY

Pruksa slashes value of new developments by B2bn

Molpasorn Shoowong, Published on 16/08/2024

» SET-listed developer Pruksa Holding downgraded the value of its annual new projects to 27 billion baht, from 29 billion baht, as the sluggish economy mutes purchases at its townhouse projects.

GENERAL

Top developers to launch projects worth B93bn in H2

Business, Kanana Katharangsiporn, Published on 16/08/2024

» The top three residential developers -- AP Thailand, Sansiri and Supalai -- are maintaining their plans to launch 73 projects worth a combined 93 billion baht in Greater Bangkok and the provinces during the second half of this year, following a strong performance in the second quarter.

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GENERAL

Industry leaders target continuity

Business, Published on 15/08/2024

» Thailand's economic outlook is in disarray following the removal of Prime Minister Srettha Thavisin in an ethics case that involved his appointment of a lawyer with a criminal conviction to his cabinet.

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GENERAL

Srettha's departure to dent ad spending

Business, Suchit Leesa-nguansuk, Published on 15/08/2024

» Thailand's media spending is expected to contract this year, following the Constitutional Court's removal of Prime Minister Srettha Thavisin from office on Wednesday.

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PROPERTY

AssetWise posts record Q2 revenue

Kanana Katharangsiporn, Published on 14/08/2024

» SET-listed developer AssetWise set a record for revenue in the second quarter, driven by a strong performance from its campus condo and Phuket projects as the company expects to maintain momentum in the second half.

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INVESTMENT

New Vayupak Fund tipped to boost stock market

Published on 13/08/2024

» The cabinet has approved in principle the establishment of the Vayupak Fund 1 valued at between 100 billion and 150 billion baht, with investment units expected to be available for purchase by September.