Showing 1 - 10 of 27,394
PM likens nation to ‘Asian Switzerland’ as investment climbs
Mongkol Bangprapa, Published on 15/05/2024
» Thailand has the potential to attract large international companies with the aid of its Land Bridge megaproject and other draws, Prime Minister Srettha Thavisin said on Wednesday, likening the country to a “Switzerland of Asia” in terms of investment attractiveness.
PM leading business mission to France
Mongkol Bangprapa, Published on 15/05/2024
» Prime Minister Srettha Thavisin is flying to France on Wednesday night, leading a group of Thai executives to attend the Thailand-France Business Forum there.
Lop Buri’s monkey move begins
Apinya Wipatayotin, Published on 15/05/2024
» Authorities on Wednesday began to relocate the first batch of macaques that have occupied parts of downtown Lop Buri, endangered pedestrians and brought business to a halt.
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.
CP Foods Q1 Profit Soars 142% to THB 1,152M
Published on 15/05/2024
» Charoen Pokphand Foods Public Company Limited (CP Foods), a leading company operating integrated agro-industrial and food business, announced a net profit of THB 1,152 million for the first quarter of fiscal year 2024, marking a notable 142% increase from the same period in the previous year. This impressive performance is attributed mainly to the favourable livestock pricing trends in Asia and ongoing enhancement in production efficiency, leading to significant softening of animal husbandry costs.
Siam Piwat gets behind push to host 'World Pride' in 2030
Business, Kuakul Mornkum, Published on 15/05/2024
» Siam Piwat Group, a leading real estate and retail developer, is reinforcing its support for diversity, equality and inclusion with its "The Celebration: Right to Love" campaign that celebrates the same-sex marriage bill coming into force by year-end, preparing Thailand to be a potential host for "World Pride" in 2030.
Superrich responds digitally to growing travel card threat
Business, Somruedi Banchongduang, Published on 15/05/2024
» Despite growth in foreign arrivals, Superrich Currency Exchange (1995) Co, a leading local money changer, recorded zero growth in transactions during the first four months of this year, primarily attributed to competition from travel card services.
Data centre tie-up unveiled to help local firms
Business, Published on 15/05/2024
» Evolution DC Thailand Co has partnered with International Gateway Company Ltd (IGC), Thailand's leading telecom network provider, to open a data centre to enhance the competitiveness of Thai businesses in the fast-growing artificial intelligence (AI) era.
Thailand tops region for ransomware attacks
Suchit Leesa-nguansuk, Published on 14/05/2024
» Thailand had the most ransomware attacks in Southeast Asia last year, according to the Russia-based cybersecurity company Kaspersky.
Huawei Cloud Introduces AI-Native GaussDB in Thailand
Published on 14/05/2024
» Huawei Technologies (Thailand) Co., Ltd. on May 14, 2024, hosted the Huawei Cloud Database Summit Thailand 2024. The theme of the summit was "GaussDB: A Better Way to Database". In collaboration with local customers and partners, Huawei introduced GaussDB solutions to enable various public and private industries in Thailand to access AI-Native Database technologies and accelerate digitalization. Huawei Cloud also launched its GaussDB Pioneer Program in Thailand to promote innovation and application of database technologies in the country.