Showing 1 - 10 of 1,850
SEC confirms health of the securities industry
Business, Nuntawun Polkuamdee, Published on 30/05/2024
» The Securities Exchange and Commission (SEC) has verified the securities industry remains strong, with every company having adequate capital funds as required by law, and 98% of them having minimum funds two times above the requirement.
Local business as usual, says Z.com
Business, Published on 28/05/2024
» GMO-Z com Securities (Z.com) has confirmed that it will continue to operate as usual in Thailand, although the Thai unit is reviewing margin loan service amid a significant drop in trading value of the Stock Exchange of Thailand (SET).
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.
CKPower reports a dip in Q1 revenue from seasonal factors
Published on 10/05/2024
» CK Power Plc, one of the region’s largest electricity producers from hydro power, reported a total revenue of 2.49 billion baht, a 195 million baht or 7.3% decrease compared to the same period last year, primarily due to the lower revenue from electricity and steam sales from Bangpa-in Cogeneration Limited (BIC) as a result of lower average natural gas prices and lower retail Ft compared to the same period of the previous year.
First 5G Factory in Southeast Asia Launched
Published on 10/05/2024
» Midea, AIS, China Unicom, and Huawei have jointly built the first 5G fully connected factory in Southeast Asia, setting a new standard for smart manufacturing in Thailand at the forefront of innovation. This collaboration marks a new step in ushering in the 5G era, enhancing efficiency, safety, and automation in complicated production processes.
Campaign aims to fend off AI deepfake scams
Business, Komsan Tortermvasana, Published on 09/05/2024
» People are increasingly being threatened by artificial intelligence (AI) deepfakes that impersonate identities and collect personal information, often calling people with the voice of an acquaintance to defraud victims more easily.
More fiscal measures on the cards
Business, Wichit Chantanusornsiri, Published on 07/05/2024
» The Finance Ministry plans to study fiscal measures that can create economic momentum following the implementation of the digital wallet stimulus project.
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.
Indorama allots $1.89bn capex for 3 years
Business, Nareerat Wiriyapong, Published on 19/04/2024
» Indorama Ventures (IVL), one of the world's largest petrochemical producers, plans to invest US$1.89 billion (68 billion baht) over three years, noting a gradual recovery of the global petrochemical industry and asset optimisation should enable the company to return to its previous earnings peak by 2026.
Myanmar rebels confident of holding Myawaddy
Published on 16/04/2024
» MYAWADDY, Myanmar - A senior rebel commander has vowed to hold the strategic area of Myawaddy near the Thai border with Myanmar before turning it over to the Karen National Union (KNU), the rebels’ political wing.