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GENERAL

Yong eyes 2 new plants in Rayong

Business, Kanana Katharangsiporn, Published on 23/05/2024

» Yong Concrete, an MAI-listed producer of concrete products, is expanding with two new plants in Rayong to capitalise on rising demand in the Eastern Economic Corridor (EEC), diversifying risk from the property market slowdown and government budget delays.

GENERAL

Performance among developers in Q1 mixed

Business, Kanana Katharangsiporn, Published on 16/05/2024

» The first-quarter revenue of major listed developers reflected varying trends, with a decline year-on-year among those targeting the lower-end segment, while those focusing on the middle to upper segments continued to witness growth.

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GENERAL

Bangkok occupancy rates bounce back in Q1

Business, Kanana Katharangsiporn, Published on 14/05/2024

» Hotel occupancy rates in Bangkok during the first quarter of 2024 bounced back close to pre-pandemic levels, primarily fuelled by an influx of Mice (meetings, incentives, conferences and exhibitions) travellers.

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GENERAL

Syntec plans expansion of data centre business

Business, Kanana Katharangsiporn, Published on 06/05/2024

» SET-listed contractor Syntec Construction has established a new team to handle data centre construction projects as demand rises, particularly from large players.

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GENERAL

Banyan returns to where it all began

Business, Kanana Katharangsiporn, Published on 04/05/2024

» After expanding to 22 countries over the past 30 years, hospitality-led property developer Banyan Group has returned to Phuket, the destination where it began.

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GENERAL

Jorakay plans new factory in Vietnam

Business, Kanana Katharangsiporn, Published on 02/05/2024

» Jorakay Corporation, a manufacturer of tile adhesive, grouting products and construction chemicals under the Crocodile brand, plans to invest 300 million baht in 2028 to set up a factory in Vietnam to tap strong demand and expand its export base to the Philippines and Indonesia.

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GENERAL

Robot cleaners to bolster IFS revenue

Business, Kanana Katharangsiporn, Published on 08/04/2024

» Facility management firm Integrated Facility Solutions (IFS) aims to achieve revenue growth of 20% per year by introducing floor-cleaning robots from Japanese firm SoftBank Robotics to help ease labour costs.

GENERAL

Syntec sets record for new projects

Business, Kanana Katharangsiporn, Published on 27/03/2024

» Contractor Syntec Construction Plc secured a record high 21 new projects worth a combined 12.8 billion baht last year, benefiting from the recovering condo sector and less intense competition post-pandemic.

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GENERAL

NCH maintains cautious approach

Business, Kanana Katharangsiporn, Published on 21/02/2024

» Mid-sized developer N.C. Housing Plc (NCH) remains cautious this year, planning to utilise its land bank to launch six new projects worth a combined 7.2 billion baht.

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GENERAL

SF invests B200m in bid to spur spending

Business, Kanana Katharangsiporn, Published on 06/02/2024

» Megabangna shopping mall has set aside a 200-million-baht marketing budget to increase customer traffic and spending per bill by 10-15%.