Showing 1 - 10 of 65
Overcoming agentic AI challenges
Business, Published on 05/07/2025
» As Thailand progresses towards its vision of becoming a regional artificial intelligence hub, we're at a pivotal moment with a new era of agentic AI -- autonomous AI agents that can act, decide and drive positive outcomes without constant human intervention.
Banpu Invests in 350MW Battery Project in Australia
Published on 01/07/2025
» Banpu Public Company Limited, a versatile energy company, has announced that its wholly owned subsidiary, Banpu Energy Australia Pty Limited (BEN), has signed an agreement to acquire a 50% interest in the Wooreen Energy Storage System (WESS) project. The remaining 50% is held by EnergyAustralia. Located in Latrobe Valley, Victoria, Australia, the project will have a power capacity of 350 megawatts and a storage capacity of 1,400 megawatt-hours.
Prudential Thailand highlights wealth transfer needs of affluent families
Published on 23/05/2025
» With a strong and strategic focus on Asia, UK-based multinational insurer Prudential Group is pursuing double-digit annual growth in Thailand through 2027. Its local unit, Prudential Thailand, plans to achieve this target in part by expanding services tailored to high-net-worth (HNW) individuals, according to chief executive Bundit (Kenny) Jiamanukoonkit.
IRPC Forms Crisis Unit, Eyes ASEAN Growth
Published on 12/05/2025
» To navigate mounting global economic and trade uncertainties, IRPC Public Company Limited has launched a dedicated Crisis War Room aimed at enabling swift, real-time responses to market volatility. The initiative, announced on 9 May 2025 by President and CEO Mr Terdkiat Prommool, is part of a broader strategy to strengthen the company’s long-term investment position. At the same time, IRPC is reinforcing its core operations through improved production efficiency, cost reduction, and sound financial risk management. These efforts are anchored in two strategic pillars: 1. Core Up Lift and 2. Step Up & Beyond.
Korean turmoil dents equity trading sentiment
Published on 07/12/2024
» RECAP: Most Asian equities fell on Friday as political turmoil in South Korea weighed on sentiment. But Chinese shares climbed to three-week highs as investors scooped up tech shares ahead of a policy meeting that will set new targets for the economy.
MINT Reports 19% Core Profit Growth for 9M24 Poised for Strong Q4 and 2024
Published on 12/11/2024
» Minor International Public Company Limited (MINT) has announced core net profit of THB 5,514 million for the first nine months of 2024, a 19% year-on-year increase. Core EBITDA grew 11% year-on-year to THB 33,623 million, powered by a 9% rise in core revenue driven by outstanding performances in MINT’s hospitality and restaurant businesses. This strong growth was driven by effective revenue optimisation, resulting in increased ADR and RevPAR across MINT’s hotel portfolio, together with sustained cost discipline.
KTB poised to hit 2024 lending target
Business, Somruedi Banchongduang, Published on 02/08/2024
» Krungthai Bank (KTB) expects to achieve its loan growth target for this year despite experiencing a lending contraction in the first six months.
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.