Showing 1 - 10 of 293
Govt nominates Kittiratt for Bank of Thailand board chair: sources
Published on 16/09/2024
» The government will nominate a ruling party loyalist and critic of the central bank governor for chair of the Bank of Thailand (BoT), seeking to assert influence on the institution amid a protracted rift over interest rates, according to two sources.
EXIM Thailand Launches First THB Blue Bond
Published on 26/07/2024
» Dr. Paopoom Rojanasakul, Deputy Minister of Finance, congratulated Mr. Bundit Sapianchai, Chairman of the Board of Executive Directors, Export-Import Bank of Thailand (EXIM Thailand); Dr. Warotai Kosolpisitkul, Chairman of EXIM Thailand’s Risk Oversight Committee; and Dr. Rak Vorrakitpokatorn, EXIM Thailand’s President; along with Mr. Kenichi Yamato, President and Chief Executive Officer of Bank of Ayudhya Public Company Limited (BAY); Ms. Paphakorn Ratanasate, Senior Executive Vice President, Investment and Financial Management Group, Government Savings Bank (GSB); Mr. Kosintr Puongsophol, Financial Sector Specialist, Economic Research and Regional Cooperation Department, Asian Development Bank (ADB); and representatives of investors and customers of EXIM Thailand at a press conference to announce the notable success of EXIM Thailand’s issue and offering of a Blue Bond, with BAY and GSB as lead underwriters at EXIM Thailand’s Head Office on July 26, 2024.
SolarEdge Introduces New Products Amid Thailand's PV Boom
Published on 19/07/2024
» Thailand's PV market is experiencing significant advancement, propelled by several key factors including the push for electrification, the rise of electric vehicles, ongoing decarbonisation efforts, and increasing electricity prices. This evolving landscape is driving a shift from standalone PV systems to more sophisticated integrated PV storage solutions, which address the challenge of solar energy intermittency and enable more efficient energy management.
Darkest days before the dawn
Published on 23/06/2024
» The economy is currently at one of its bleakest points, but economic experts expect the situation to bottom out in the second half of the year now that the national budget has been rolled out.
Srettha won't parachute adviser into BoT
News, Mongkol Bangprapa, Published on 13/06/2024
» Prime Minister Srettha Thavisin has insisted his chief adviser and former finance minister Kittiratt Na-Ranong is not eligible to vie for the top seat on the board of the Bank of Thailand (BoT) to replace the incumbent whose term expires in September 2025.
GSB Grants 48 Billion Baht on ESG Scores
Published on 30/05/2024
» Government Savings Bank, led by Paphakorn Ratanasate, Senior Executive Vice President, stated, “Government Savings Bank has adhered to our commitment as a Social Bank, proceeding with sustainable operations covering environment, society, and governance aspects through Green Finance. For the first time, the banking business has engaged an organisation's ESG Score as part of the credit loan approval process. Large-sized business customers are our preliminary group for GSB to enable credit approval alongside special interest rate reduction conditions for organisations accredited with a good ESG score by operating businesses focused on society, community, and environment.”
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.
Can't come soon enough
News, Published on 11/05/2024
» The road to writing a brand-new charter promises to be long and winding.
THAIFEX – ANUGA ASIA 2024 Sets New Global Benchmarks
Published on 10/05/2024
» The Department of International Trade Promotion (DITP), Ministry of Commerce of Thailand (TCC), The Thai Chamber of Commerce, and Koelnmesse (KM), are set to host THAIFEX – ANUGA ASIA 2024, the largest and most comprehensive food and beverage trade show in Asia, from 28th May to 1st June 2024 at IMPACT Muang Thong Thani. Under the concept of “Beyond Food Experience”, the event will transcend a mere food trade show. It will provide a platform for food and beverage businesses, retailers, supermarkets, department stores, hotels, hypermarkets, restaurants, and those seeking partnerships and business negotiations, to connect with leading Thai and international companies. Participants will stay updated on the latest product trends and consumer demands to enhance business success. Business negotiations will take place over five days, and the general public will be allowed to visit and purchase products on the final day of the event.
PM denies seeking to curb power of BoT chief
News, Mongkol Bangprapa, Published on 07/05/2024
» Prime Minister Srettha Thavisin denied seeking to amend a law to curb the power of the Bank of Thailand (BoT) governor following a dispute over the central bank's stance on interest rates.