Showing 21 - 30 of 6,044
US fund takes over Inter Milan
Published on 22/05/2024
» MILAN - The US investment fund Oaktree Capital Management has become the new owner of the Italian football champions Inter Milan after the club’s Chinese holding company missed a 395-million-euro loan payment.
China's durian prices drop as Vietnam fills Thai supply gap
South China Morning Post, Published on 22/05/2024
» BEIJING - Durian prices in China - the world's top market for the spiky, pungent fruit typically regarded as a luxury item - have fallen this month as Vietnam gains on Thailand in a heated export rivalry and consumers mind their budgets.
Red Lobster probes "endless shrimp" losses after bankruptcy filing
Reuters, Published on 21/05/2024
» NEW YORK - Red Lobster, which filed for Chapter 11 bankruptcy in Florida on Sunday night, is investigating the role its majority owner Thai Union played in the restaurant chain's "endless shrimp" promotion that caused US$11 million in losses, court documents showed.
Land reform dangers
News, Editorial, Published on 20/05/2024
» The recent decision by the cabinet to amend regulations to allow farmers to use state land beyond agricultural purposes has raised concerns about potential misuse and exploitation for commercial benefits.
More local input needed to adjust tax law
Business, Wichit Chantanusornsiri, Published on 17/05/2024
» Local governments must play a greater role in amending the land and building tax law, which has been in effect for five years, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.
Acme Worawat Meets Former PM Thaksin Shinawatra
Published on 16/05/2024
» Recently, Mr Worawat Narknawdee, also known as Acme Traderist, a fintech company owner and renowned trader, businessman, and billionaire investor, and one of the first Thais to study cryptocurrency and blockchain, revealed on his Facebook page, Acme Traderist – Worawat Narknawdee, that he had met Mr Thaksin Shinawatra, the 23rd Prime Minister of Thailand. The purpose of the meeting was to discuss and listen to Thaksin’s perspectives, as well as to share his experiences in life and business. Thaksin is a globally known successful leader. Worawat also intends to apply the guidance and advice he received, especially regarding creating benefits for people and society, as an inspiration to pursue his ideals.
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.
Police believe body in barrel in reservoir is of abducted Korean man
Published on 12/05/2024
» CHON BURI: Police have found a human body inside a 200 litre barrel filled with concrete dumped in a reservoir, and believe it could be that of a Korean man abducted by three Korean suspects in Bangkok last week.
Asian shares on course for third week of gains
Business, Published on 11/05/2024
» RECAP: Asian stocks rose on Friday, on course for a third week of gains, while the dollar was steady as fresh signs of an easing US labour market stoked optimism about interest rate cuts before the year is out.
Campaign aims to fend off AI deepfake scams
Business, Komsan Tortermvasana, Published on 09/05/2024
» People are increasingly being threatened by artificial intelligence (AI) deepfakes that impersonate identities and collect personal information, often calling people with the voice of an acquaintance to defraud victims more easily.