Showing 1 - 10 of 1,200
Towards strategic Thai-French ties
Oped, Kavi Chongkittavorn, Published on 14/05/2024
» In April 2022, Thailand learned that French President Emmanuel Macron was keen to engage with the Asia-Pacific region in person. As the host of the 32nd Asia-Pacific Economic Leaders' Meeting (Apec) in October of that year, former deputy prime minister and foreign minister Don Pramudwinai quickly issued an invitation to the president to attend as a guest. The rest, as they say, is history.
TIDLOR Hits Record Q1 Net Profit, Loan Milestone
Published on 09/05/2024
» Ngern Tid Lor Public Company Limited (“TIDLOR” or “the Company”) disclosed the Q1/2024 performance in line with the targets, achieving a new high in net profit of Baht 1,104.1 million, marking an increase of 15.6% YoY, and total revenue of Baht 5,309.1 million, rising by 22.2% YoY. This growth was driven by continuous expansion in both the lending and insurance brokerage businesses, coupled with effective cost management over the past 2-3 years.
Catching the AI wave
News, Editorial, Published on 06/05/2024
» Microsoft's announcement that it will build a data centre in Thailand, seizing the momentum of AI-driven advances in Southeast Asia, is welcome.
TIDLOR Restructures, Launches InsurTech Platform for Growth
Published on 02/05/2024
» Piyasak Ukritnukun, Managing Director of Ngern Tid Lor Public Company Limited (TIDLOR), announced that at the company’s Board of Directors meeting on April 30, 2024, it was resolved to propose to the shareholders’ meeting the consideration and approval of the Company’s shareholding and management restructuring plan by establishing a holding company named Tidlor Holdings Public Company Limited (Tidlor Holdings). The objective is to enhance operational flexibility in both the lending and insurance brokerage businesses, increase competitive advantages, and expand opportunities into related businesses. Additionally, it will create more opportunities for strategic partnerships through mergers or joint investments, significantly bolstering the strength of the group. This restructuring will also enable more efficient management and risk limitation across different business units. Moreover, the company plans to establish a new company (NewCo) under Tidlor Holdings to improve flexibility in strategy formulation, management, and operations related to non-life InsurTech insurance brokerage business (InsurTech Platform). This restructuring plan represents a strategic realignment to facilitate long-term growth.
TOA Unveils Green Mission for Net Zero by 2050
Published on 02/05/2024
» TOA Paint (Thailand) Public Company Limited, or TOA, has unveiled its Green Mission policy, reinforcing its position as a leader in the decorative paint and construction materials market with a comprehensive roadmap to achieve Net Zero emissions by 2050. This initiative aims to integrate sustainable practices into the organisation, strengthening its success by obtaining the highest Carbon Footprint Reduction (CFR) labels for 40 products, as it grows into its 60th year with the sustainable resilience.
DES readies systems to handle 50m digital wallet payments
Business, Suchit Leesa-nguansuk, Published on 01/05/2024
» The Digital Economy and Society (DES) Ministry is preparing its systems to support the government's digital wallet handout and ensure smooth implementation for 50 million Thais.
Turkish Airlines, Airbus, and Rolls-Royce Deepen Ties
Published on 30/04/2024
» Celebrating the historic order for 150 A321neo and 80 A350 Family aircraft placed in December 2023, Türkiye's flag carrier Turkish Airlines, Airbus, and Rolls-Royce came together at Turkish Airlines' headquarters in Istanbul. In attendance were Turkish Minister of Trade, Mr. Prof. Ömer Bolat; Minister of Industry and Technology, Mr. Mehmet Fatih Kacır; Minister of Transport and Infrastructure, Mr. Abdulkadir Uraloğlu; Deputy Minister of National Defence, Mr. Bilal Durdalı; representatives of top Turkish aerospace companies; as well as the British Consul General and undersecretaries from France and Spain.
The thorny issue of digital wallet funding
Business, Wichit Chantanusornsiri, Published on 25/04/2024
» The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential violations of financial and fiscal discipline regulations.
"FIREBRIGHT, the Front runner of Electric Vehicle Swapping, Shines at Bangkok International Motor Show
Published on 23/04/2024
» The highly anticipated 45th Bangkok International Motor Show (Motor Show 2024) was held with great success at the IMPACT Muang Thong Thani Exhibition Center in Bangkok from March 27 to April 7, 2024!
Evaluating the progress of 'quick win' projects
Business, Published on 22/04/2024
» Many digital projects being developed under the Digital Economy and Society (DES) Ministry's "quick win" policy for 2024 are on track, thanks to cooperation from related agencies.