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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.
A turning point for clean cooking
Oped, Published on 15/05/2024
» For most of her life, Florence Auma Ode cooked over an open fire in her Kenyan home. The resulting smoke coated the walls with a layer of soot and filled her lungs -- and those of her family members -- with particulate matter.
Relations thrive amid hardship
Oped, Published on 14/05/2024
» As we celebrate Israel's 76th Independence Day, we do so this year with mixed emotions of joy and solemn reflection. This milestone is a testament to our nation's enduring resilience and remarkable achievements, yet it is shadowed by the immense challenges we have faced in the past year.
Fertilisers will not fix food crisis
Oped, Published on 08/05/2024
» The world is confronting an unprecedented food crisis, exacerbated by the Covid-19 pandemic, Russia's war against Ukraine, and worsening climate conditions. But the problem is most acute in Africa, where 61% of the population faced moderate or severe food insecurity in 2022. And at a moment when effective solutions are urgently needed, policymakers are once again coalescing around the misguided belief that increased use of mineral and synthetic fertiliser is the key to boosting agricultural productivity and ending hunger on the continent.
Guru's Weekly Buzz: May 3-9
Guru, Published on 03/05/2024
» Guru By Bangkok Post's pick of the most exciting products, activities, food and travel to indulge in.
Index falls for 18th month in a row
Business, Published on 01/05/2024
» A recent increase in domestic diesel prices is fuelling fresh concerns about inflation as Thailand's Manufacturing Production Index (MPI) fell by 5.13% year-on-year in March, attributed to the sluggish automotive industry, says the Office of Industrial Economics.
Overcrowded prisons need reforming
News, Published on 10/04/2024
» Extreme overcrowding in Thai prisons forces inmates to endure deplorable conditions, stripping away their dignity and humanity. It's a humanitarian crisis that demands immediate action.
Chatri donates B20m to Muay Thai gyms
Sports, Published on 05/04/2024
» Chatri Sityodtong offered a special gift to Muay Thai gyms in the southern and northeast parts of Thailand.
Nation marks Thai Elephant Day
Apinya Wipatayotin, Published on 01/04/2024
» Thailand's Western Forest Complex is regarded as the largest wildlife hub in the country. It contains an abundant food chain system for predators and prey alike and is also home to several protected species, including the elephant, an enduring symbol of the nation.
Building a much stronger food system in Laos
Oped, Published on 29/03/2024
» One of the smallest and most sparsely populated nations in Southeast Asia, the Lao Peoples' Democratic Republic, a mountainous, landlocked country wedged between Vietnam, Thailand and China, has long grappled with challenges associated with supplies of food. A recently released Food and Agriculture Organization/World Food Programme joint report warns that food insecurity continues to increase in Laos, last year affecting more than a million people out of the 7.2 million population.