Showing 1 - 10 of 36
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.
Empowering Women: Organon's Commitment on Women’s Day
Published on 12/03/2024
» Organon, in partnership with the Kenan Foundation Asia, King Prajadhipok's Institute, the US Embassy Bangkok, the Department of Health, and the Bangkok Metropolitan Administration, reaffirmed their dedication to promoting "A Shared Commitment for Women's Health and Gender Equity in an International Women’s Day ceremony on March 8, 2024." This partnership has the power to translate policy into action, fostering substantial transformation and empowerment in Thailand in 2024 and beyond.
TIDLOR's 2023 Success: High Profit, Low NPL, Tech Leverage
Published on 29/02/2024
» TIDLOR Announces Strong 2023 Performance with Record High Net Profit of 3,790 Million Baht, Maintains Low NPL at 1.45% and Leverages Technological Strength for Sustainable Growth in Both Lending and Insurance Brokerage Businesses.
Bolstering Thai Economy: Key Recommendations for Government
Published on 21/02/2024
» The Vice Chairmen of the Federation of Thai Industries (FTI), Mr. Montri Mahaplerkpong and Mr. Apichit Prasoprat, reported a notable increase in the Thailand Industry Sentiment Index (TISI) for January 2024, rising to 90.6 from 88.8 in December 2023. This upswing in TISI can be attributed to various contributing factors.
UOB Predicts 3.6% Growth for Thailand's Economy
Published on 16/02/2024
» According to UOB, Thailand's economy is expected to start the year slowly as the global economy recovers at a sluggish pace but is poised for a more rapid pickup in the second half of 2024. With a new government, fiscal stimulus packages, sustained tourism recovery, and a rebound in merchandise exports, the bank forecasts Thailand's Gross Domestic Product (GDP) to expand by 3.6 percent this year.
Time for Thailand to Embrace Shifting Global Supply Chain Opportunity
Published on 09/02/2024
» Authors:
Chulalongkorn University and WEF Unveil 2024 Growth Report Findings
Published on 22/01/2024
» Chulalongkorn Business School (CBS) is the sole organisation in Thailand that has partnered with the World Economic Forum (WEF) to conduct and publish The Future of Growth Report 2024.
IRPC Achieves 2,439M Baht Profit in 3Q23
Published on 10/11/2023
» IRPC Public Company Limited announced its 3Q23 operating results, showcasing a net profit of 2,439 million baht. The company is expanding its presence in the rapidly growing health and wellness market, leveraging opportunities in the Eastern Economic Corridor (EEC). This move aligns with the Thai government's "Medical Hub Policy," aimed at establishing Thailand as a regional centre of excellence in medical services.
Vincent Clinic's SSTP Technique Targets Rising Competition in Thailand's Booming Beauty Business
Published on 26/07/2023
» With the subsiding of Covid-19, public awareness of healthcare has surged, and the beauty business is experiencing a notable resurgence in growth and expansion. The International Society of Aesthetic Plastic Surgery (ISAPS) reported that Thailand's plastic surgery and beauty industry contributed to a market growth of 60 billion baht in 2022, a significant increase from 30 billion baht in 2017. The industry's value is projected to reach 2.16 trillion baht, a staggering 7.14 trillion baht by 2027, with an average annual growth rate of 13.9% (CAGR 2017 to 2027) or a 2.5-fold increase.
Thailand's Wellness Possibilities Shine at the 2nd CISW Thailand Top Wellness World Summit 2023
Published on 03/06/2023
» Thailand has long been renowned as a premier travel destination, celebrated for its distinctive cuisine, rich history, vibrant culture, and breath-taking tropical islands. Additionally, it has gained global recognition for its exceptional holistic wellness and health retreats. With thriving tourism, medical, and wellness sectors, Thailand offers a wealth of wellness possibilities, providing diverse experiences and services in a culturally immersive environment that promotes well-being for both travellers and locals alike.