Showing 1 - 10 of 56
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.
Asian shares slump as Mideast risk rises
Published on 20/04/2024
» RECAP: Asian stocks plunged yesterday as broad risk aversion swept through markets on escalating tensions between Iran and Israel and worries about higher-for-longer US rates.
Indorama allots $1.89bn capex for 3 years
Business, Nareerat Wiriyapong, Published on 19/04/2024
» Indorama Ventures (IVL), one of the world's largest petrochemical producers, plans to invest US$1.89 billion (68 billion baht) over three years, noting a gradual recovery of the global petrochemical industry and asset optimisation should enable the company to return to its previous earnings peak by 2026.
Unlocking Success Across Industries
Published on 09/04/2024
» In the dynamic world of the attractions industry, trends are constantly shifting, presenting both challenges and opportunities. From technological advancements to changing consumer preferences, every facet of an amusement park must be agile and innovative to successfully navigate an ever-evolving landscape – a dynamic that is not just limited to the attractions industry.
Huawei Cloud stack revolutionises Thailand's tech landscape
Published on 21/02/2024
» Huawei Technologies (Thailand) Co., Ltd. held an event highlighting its Huawei Cloud Stack technology and its use in providing secure and trustworthy cloud services to local data centres serving enterprise markets. Huawei's continued dedication towards this important technology is underpinned by its slogan "Huawei Cloud Stack: the preferred cloud for intelligent upgrade", aligning with the company's "In Thailand, for Thailand" mission and commitment to providing the latest technology solutions to enhance Thailand's transformation into a future digital hub of ASEAN.
Huawei Cloud Stack Revolutionises Thailand's Tech Landscape
Published on 21/02/2024
» Huawei Technologies (Thailand) Co., Ltd. held an event highlighting its Huawei Cloud Stack technology and its use in providing secure and trustworthy cloud services to local data centres serving enterprise markets. Huawei’s continued dedication towards this important technology is underpinned by its slogan “Huawei Cloud Stack: the preferred cloud for intelligent upgrade”, aligning with the company’s “In Thailand, for Thailand” mission and commitment to providing the latest technology solutions to enhance Thailand’s transformation into a future digital hub of ASEAN.
Bumper year for mergers and acquisitions
Business, Published on 27/12/2023
» Firms in several sectors expanded operations at home and overseas.
GroupM and Criteo Partner to Drive Commerce Media Innovation in APAC
Published on 19/10/2023
» Criteo, the commerce media company, and GroupM, WPP’s media investment group, on October 17 announced the first partnership in Asia Pacific (APAC) to strengthen omnichannel commerce media capabilities for GroupM clients in the region.
Bangchak closes deal to purchase Esso
Business, Yuthana Praiwan, Published on 01/09/2023
» Energy conglomerate Bangchak Corporation Plc (BCP) has announced the closure of the deal to purchase Esso Thailand Limited from ExxonMobil Asia Holdings Pte.
Solar energy in your corner
Published on 31/01/2023
» GreenYellow, the market leader in Thailand and Vietnam in helping businesses win the battle against electricity inflation and climate change by covering every angle