Showing 1 - 10 of 1,052
Operators vie with inflation, high interest rates
Business, Molpasorn Shoowong, Published on 27/05/2024
» Despite an upbeat projection for the Thai tourism industry, some businesses are struggling with high inflation and elevated interest rates, which require government action to remedy, according to Onyx Hospitality Group.
Providing a link to China for local firms
Business, Suchit Leesa-nguansuk, Published on 25/05/2024
» Digital marketer DigiLink Thailand, helmed by chief executive Phanavika Limpabandhu, has ambitions to become a partner of Thai entrepreneurs seeking to tap the vast Chinese market.
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?
Hotels calling for better tax treatment
Business, Molpasorn Shoowong, Published on 21/05/2024
» Hoteliers are urging a revision of the property tax calculation based on the land appraisal price and business income to ease the uneven recovery in the hospitality industry.
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.
Thailand kicks off Fifa football congress
Post Reporters, Published on 13/05/2024
» The 74th Fifa Congress kicked off in Thailand on Monday, casting a global spotlight on the nation as a premier destination for sports communities, with over 3,000 figures from the worldwide football community in attendance.
War of independence
Business, Published on 13/05/2024
» Following a speech by Pheu Thai Party leader Paetongtarn Shinawatra declaring the independence of the Bank of Thailand an obstacle to fixing a stagnant economy, the issue has been echoed in media reports, fuelling an ongoing rift between the central bank and the coalition government.
Associations line up to oppose increase in minimum wage
Business, Phusadee Arunmas, Published on 08/05/2024
» The Thai Chamber of Commerce is opposing the government's plan to increase the daily minimum wage to 400 baht for workers nationwide, expected in October.
Thai Chamber of Commerce blasts govt wage hike plan
News, Post Reporters, Published on 07/05/2024
» The Thai Chamber of Commerce (TCC) is opposing the government's plan to increase the minimum daily wage to 400 baht for workers nationwide, expected in October.
Creating a long-term vision
Business, Published on 06/05/2024
» Overtourism has become a hot topic in recent weeks as the influx of tourists has caused many destinations to feel they cannot cater to the rapid growth.