Showing 1 - 10 of 637
Digital wallet scheme hits another snag
Oped, Chartchai Parasuk, Published on 13/06/2024
» The new financing problem of the 10,000-baht cash handout, commonly known as the Digital Wallet Scheme (DW), has not made much noise in the media. This may be because the government wants this to be a non-issue, but in reality, it is a serious one that could wreck the entire scheme.
Official backs B122bn added budget
Business, Wichit Chantanusornsiri, Published on 06/06/2024
» Permanent finance secretary Lavaron Sangsnit has insisted the preparation of an additional budget totalling 122 billion baht for fiscal 2024 is still within the framework of fiscal discipline.
Loxley unit says upcountry stores may suffer amid dip
Business, Kuakul Mornkum, Published on 01/06/2024
» Thailand's economic downturn could cause some retail stores in the provinces to shutter, according to Loxley Trading, a consumer goods distribution arm of trading conglomerate Loxley Plc.
Yesterday’s shadow
Oped, Postbag, Published on 25/05/2024
» Re: “Court to hear Srettha case”, (BP, May 24) and “Thailand’s judiciary face challenges”, (Opinion, May 24). Prof Thitinan Pongsudhirak’s biting comments on the judiciary’s influence on the lifeline of an elected prime minister are most justified based on past events. For the coming challenge facing our Constitutional Court, it is different from the past. The court’s 5-4 vote not suspending PM Srettha’s lifeline before he has the chance of defence is laudable.
BAM eager to keep lead in distressed assets sector
Business, Somruedi Banchongduang, Published on 18/05/2024
» Bangkok Commercial Asset Management (BAM), Thailand's largest asset management company, set an ambitious goal for bad asset management over the next few years in a bid to address the burden of distressed debts within the banking industry.
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.
Gen Prawit declares assets of B87m
Gary Boyle, Published on 25/04/2024
» Gen Prawit Wongsuwon, former deputy prime minister and chairman of the Sports Authority of Thailand (SAT), has declared 87 million baht worth of assets, according to the National Anti-Corruption Commission (NACC).
Gen Prawit declares assets of B87m
Online Reporters, Published on 24/04/2024
» Gen Prawit Wongsuwon, former deputy prime minister and chairman of the Sports Authority of Thailand (SAT), has declared 87 million baht worth of assets that include five luxury cars, according to the National Anti-Corruption Commission (NACC).
Preparing for the golden years
Business, Wichit Chantanusornsiri, Published on 13/04/2024
» The government’s ability to successfully push through the draft National Elderly and Basic Pension Act to garner a first reading — the first stage of a bill’s passage — or acceptance of the principle of the bill from the House of Representatives is considered a crucial cornerstone for building a support system for Thailand’s elderly population.
Govt's latest gamble
Published on 31/03/2024
» Concerns have surfaced over the safety implications and broader societal effects of casino legalisation for an integrated entertainment complex project, particularly with regards to potential risks, especially among youth.