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Search Result for “asset acquisition”

Showing 1 - 10 of 699

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THAILAND

EGCO profit jumps 88% on strong performance

Published on 15/08/2025

» Bangkok, August 15, 2025 - Electricity Generating Public Company Limited (EGCO Group) has announced strong first-half 2025 results, posting a net profit of 5,734 million baht—an increase of 2,679 million baht or 88% year-on-year. The solid performance was largely driven by the company’s “Triple P” strategy, which emphasises strategic asset recycling. 

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GENERAL

Japan rally paces region as trade worries ease

Business, Published on 09/08/2025

» RECAP: Most Asian stock markets gained on Friday, led by a rally in Japanese shares amid signs of easing trade tensions with the US, and optimism that Tokyo will be able to negotiate lower automobile tariff rates with Washington.

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THAILAND

Cabinet permits changes to sub deal

News, Mongkol Bangprapa, Published on 07/08/2025

» The cabinet has approved amendments to the long-delayed Chinese procurement submarine project, including a switch from German-made engines to Chinese-made ones and a 1,217-day extension to the construction timeline.

GENERAL

Shares rally as Trump delays Iran decision

Business, Published on 21/06/2025

» RECAP: Asian equities staged a relief rally and the dollar declined after the White House said President Donald Trump would decide within two weeks whether Washington will join Israel in launching strikes against Iran.

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GENERAL

Egco acquires 49% interest in US clean power projects

Business, Yuthana Praiwan, Published on 20/06/2025

» SET-listed Electricity Generating (Egco), a power generation arm of Electricity Generating Authority of Thailand, has acquired a 49% share in clean power projects in the US, stepping up efforts to reach its goal of having renewable energy assets account for 30% of the company's total assets within five years.

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PROPERTY

Developers' Q1 profits plunge to decade-low

Business, Kanana Katharangsiporn, Published on 04/06/2025

» The first-quarter net profit of 10 SET-listed residential developers has fallen to 3.56 billion baht, the lowest level in over a decade and less than half the five-year average, attributed to the economic slowdown and sluggish housing demand, Kasikorn Securities reported.

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GENERAL

Regulator demands NR Instant Produce must revise statements

Business, Nuntawun Polkuamdee, Published on 02/06/2025

» The Securities and Exchange Commission (SEC) has instructed NR Instant Produce (NRF) to revise its full-year 2024 and 2025 first-quarter financial statements, citing issues related to the accounting treatment of its shareholding changes in Kairous Asia Ltd (KAL).

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INVESTMENT

Thai traders ramp up foreign stock investments

Business, Nuntawun Polkuamdee, Published on 23/05/2025

» Thais' trading of depositary receipts (DRs) has doubled in value this year, as an underwhelming domestic bourse led local investors to increase their investment in foreign stocks, says the Stock Exchange of Thailand (SET).

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GENERAL

OR eyes move into quick meal business

Business, Yuthana Praiwan, Published on 21/05/2025

» PTT Oil and Retail Business Plc (OR) is planning to venture into the quick meal business if ongoing talks with partners are successful.