Showing 121 - 130 of 3,177
Pichai: Financial access more worrying than interest rates
Published on 16/05/2024
» The government is more worried about financial access than interest rates, Finance Minister Pichai Chunhavajira said on Thursday.
CRC Thaiwatsadu to open 13 new branches this year
Business, Kuakul Mornkum, Published on 16/05/2024
» CRC Thaiwatsadu Co, the home improvement and construction material unit under Central Retail Corporation (CRC), views the economy in the second half of this year as promising and plans to open 13 new branches within this year.
Tourists tipped to fuel ride-hailing boom
Business, Molpasorn Shoowong, Published on 16/05/2024
» The Thai tourism recovery should propel ride-hailing services this year, even during the low season, says Grab Thailand.
Slowdown weighs on current account
Business, Nareerat Wiriyapong, Published on 16/05/2024
» Thailand's waning appeal in terms of attracting foreign direct investment (FDI), an uneven tourism recovery and the currency outlook are pressuring the country's current account surplus, which is still below the pre-pandemic level, says BMI, a Fitch Solutions company.
Stark reality behind economic figures
Oped, Chartchai Parasuk, Published on 16/05/2024
» At the time of writing this, the official Q1 GDP has not been announced by the National Economic and Social Development Council (NESDC). I expect the growth figure will be around 1.2%. My own estimation, using the Output Approach and actual sectoral production index, gives a growth figure of 0.98%. Detailed data are in the below table.
MINT Q1 Profits Surge to THB 1,146M
Published on 15/05/2024
» Minor International Public Company Limited (“MINT”) on May 14, 2024, announced its first quarter 2024 financial results, posting a net profit of THB 1,146 million in 1Q24 notwithstanding 1Q being the low season for its most significant contributor, its European hotel business. This profit represented a significant improvement from a THB 976 million loss in 1Q23 and was attributable to stronger performance across all business units as well as favourable foreign exchange movements. At the core level, MINT recorded a core net loss of THB 352 million in 1Q24 (due to aforementioned seasonality of the European hotel business), representing a 46% improvement (less loss) from a core net loss of THB 647 million in 1Q23. MINT’s hotel and restaurant businesses both reported robust financial performance in 1Q24 from continued rising demand, which enabled the Company to implement strategic dynamic pricing, drive increased dine-in traffic and lock in further cost optimisation. Minor Hotels Thailand, Minor Hotels Australia and Minor Food all saw double-digit year-on-year growth. Meanwhile, Minor Hotels Europe and the Americas outperformed expectations by narrowing their y-y quarterly losses.
Pichai downplays ex-deputy's criticism
News, Mongkol Bangprapa, Published on 15/05/2024
» Deputy PM and Finance Minister Pichai Chunhavajira downplayed criticism of him in a resignation letter written by his former deputy Krisada Chinavicharana.
Government Savings Bank, Bangkok Commercial Asset to set up joint venture
Business, Wichit Chantanusornsiri, Published on 15/05/2024
» The Finance Ministry expects Government Savings Bank (GSB) and Bangkok Commercial Asset Management Plc (BAM) to establish a joint venture asset management company (AMC) next month.
Bureau sees 15% hike in overall NPLs
Business, Somruedi Banchongduang, Published on 14/05/2024
» The National Credit Bureau (NCB) recorded a 15% increase in overall non-performing loans (NPLs) in the first quarter of this year, primarily driven by auto and mortgage loan payment defaults.
Indorama posts $366m earnings in Q1
Business, Published on 14/05/2024
» Indorama Ventures Plc (IVL), a global sustainable chemical producer, reported adjusted earnings before interest, taxes, depreciation and amortisation of US$366 million in the first quarter of this year, a 32% increase from the previous quarter and a 2% decline year-on-year.