Showing 1 - 10 of 94
Thai hotels cut room rates amid falling tourist numbers
Nareerat Wiriyapong, Published on 02/09/2025
» Thailand’s hotel sector is experiencing pricing pressure this year after four consecutive years of rate increases that have nearly doubled average room rates since 2021, as tourists from China and other major Asian markets have dropped significantly, says Tris Rating.
Traders on sidelines awaiting Fed signals
Business, Published on 23/08/2025
» RECAP: Asian equities traded in a narrow range ahead on Friday as investors awaited a key speech from US Federal Reserve chairman Jerome Powell that could shed light on the direction of monetary policy. Many traders are scaling back bets on an imminent US interest-rate cut.
MTC sees healthy loan growth
Business, Nuntawun Polkuamdee, Published on 07/08/2025
» Muangthai Capital (MTC), Thailand's leading microfinance company, expects 10-15% loan growth in the second half of 2025 and a non-performing loan (NPL) ratio of no more than 2.70%, backed by an expansive nationwide network and a strong focus on credit quality.
Thai Union Q1 GPM Hits Record Amid Headwinds
Published on 09/05/2025
» BANGKOK – May 9, 2025 – Thai Union Group PCL reported first-quarter sales of THB 29.8 billion, down 10.3% year-on-year, due to a 6.9% decline in organic sales growth and a 3.4% unfavourable foreign exchange impact. Despite softer demand in Ambient, Frozen, and Value-added categories and the impact of a stronger Thai baht, the Group posted a record-high Q1 gross profit margin (GPM) of 18.8%.
Ailing EA seeks strategic partner
Business, Published on 16/07/2024
» Embattled Energy Absolute (EA) is seeking a strategic partner to help it with debts of 19.5 billion baht due this year, after a credit downgrading caused the SET-listed renewable energy company difficulty in mobilising fresh funds via bond issuance.
Agencies deem Eastern Corridor crucial for Thai industry
Business, Wichit Chantanusornsiri, Published on 01/07/2024
» Credit rating agencies are emphasising the importance of the government's flagship Eastern Economic Corridor (EEC) project, which is crucial for advancing Thailand's industrial sector and enhancing competitiveness, according to the Public Debt Management Office (PDMO).
Thai Union records surge in Q1 profit
Business, Published on 09/05/2024
» Thai Union Group Plc reported a net profit of 1.2 billion baht in the first quarter of 2024, a 53.9% increase from the corresponding period last year.
Joined at the hip
Business, Post Reporters, Published on 22/01/2024
» The Thai tourism industry posted a disappointing result in terms of arrivals from China last year, recording only 3.5 million visitors, falling far short of the original goal of 5-7 million.
K-Asset touts Indian stocks as economy surges
Nuntawun Polkuamdee, Published on 22/01/2024
» Investors are recommended to start accumulating Indian stocks for long-term investment as the country of more than 1.4 billion people is expected to become the world's third-largest economy in 2030, according to Kasikorn Asset Management (K-Asset).
Economy in China is running low on fuel
Oped, Published on 28/12/2023
» Earlier this month, the ratings agency Moody's cut its outlook on China's sovereign credit rating to negative, citing risks from a deepening property crisis and a prolonged growth slowdown. In fact, Moody's now predicts that annual economic growth will fall to 4% in 2024 and 2025, before slowing further, to 3.8%, on average, for the rest of the decade. Potential growth will decline to 3.5% by 2030. A major driver of this slowdown will be "weaker demographics".