Showing 1 - 10 of 82
BSRC’s First Debenture Exceeds Targets
Published on 31/07/2024
» Bangchak Sriracha Public Company Limited, or “BSRC,” has successfully issued and offered debentures for the first time. Institutional investors have shown overwhelming interest, and the debentures were oversubscribed, closing the total issuance at THB 4 billion, exceeding the company’s initial target. This reflects investor confidence in BSRC, whose debentures have been assigned an “A" credit rating by TRIS Rating.
UN Praises Thailand’s Progress on Sustainable Goals
Published on 11/07/2024
» Thailand commended for exemplary progress on Sustainable Development Goals, says Interior Ministry.
WEH's 6.75% Bonds Approved by SEC
Published on 11/07/2024
» The Securities and Exchange Commission (SEC) has approved the filing of Wind Energy Holding Company Limited to offer 2-year debentures maturing in 2026, with an interest rate of 6.75% per annum. The total value is not exceeding 500 million baht, offered to institutional investors and/or high net worth investors. The subscription period is set for July 11-12 and 15. The funds will be used for business expansion and development of new projects both domestically and internationally.
GSB and BAM Form 1 Billion Baht Debt Relief Venture
Published on 31/05/2024
» Government Savings Bank (GSB) has partnered with Bangkok Commercial Asset Management (BAM) to establish a joint venture, ARI Asset Management Co., Ltd. (ARI-AMC), with a capital investment of 1 billion baht. ARI-AMC will purchase and transfer non-performing loans (NPLs) from GSB over the course of three quarters in the fiscal year 2024, providing assistance to over 500,000 accounts of small and medium-sized enterprise (SME) debtors and credit card debtors.
DTP Invests in Thailand and Abroad for DTGO
Published on 23/05/2024
» 23 May 2024, Bangkok – DTGO Prosperous Limited (DTP), an investment and financial management company within DTGO, is continuing its international capital investment, expanding its investment base around the world with a focus on high-quality real estate that is already in operation and ready to generate steady income.
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.
FPT Reports Strong H1 Performance with THB 6.5 Billion Revenue
Published on 09/05/2024
» Frasers Property (Thailand) Public Company Limited, or “FPT,” Thailand's first integrated real estate leader, disclosed its first half of FY2024 performance (October 2023 – March 2024), reporting total revenue of THB 6,591 million and net profit of THB 487 million. For 2QFY2024 performance (January – March 2024), the company generated total revenue of THB 3,524 million and net profit of THB 165 million. Despite macroeconomic challenges, the residential business continues to progress as planned, with four new projects set to launch in the second half of the year, alongside an adjustment in strategic plans. The industrial and commercial portfolio showed continuous revenue growth with occupancy rates reaching 86% and 92%, respectively.
TCMA Champions Net Zero 2050 with Green Strategy
Published on 10/04/2024
» Dr. Chana Poomee, Chairman of the Thai Cement Manufacturers Association (TCMA), announced the vision of ‘TCMA Synergising the Actions towards Net Zero 2050’ to drive the cement industry, join forces in all sectors, upgrade industry energy transition with innovation, connect global green funds to realise the Net Zero Goal, increase Thailand’s industrial capacity, and respond to the climate change megatrend.
Prudential Thailand Leads Customer Satisfaction in 2023
Published on 02/04/2024
» Prudential Life Assurance (Thailand) Public Company Limited (Prudential Thailand), revealed its 2023 performance with Total Premiums received amounting to THB 34.7 billion, an increase of 11% from THB 31.3 billion in 2022, leading to a rise to #7 in market ranking (by Total Premium) among life insurers in Thailand. In addition, APE sales at THB 8.6 billion, a growth of 5% from THB 8.2 billion baht in 2022. Renewal premiums also saw an increase of 18% at THB 22.2 billion (from THB 18.7 billion in 2022).
TIDLOR Shares 2023 Success and 2024 Vision
Published on 15/03/2024
» Ngern Tid Lor Public Company Limited, commonly known as TIDLOR, celebrates another year of outstanding performance in 2023, achieving sustainable growth despite significant challenges. Piyasak Ukritnukul, President of Ngern Tid Lor Public Company Limited (TIDLOR), has recently issued a 33-page letter to the shareholders for 2023, addressing critical financial topics such as loan interest rate that ensure genuine access to financial services, debt capacity, debt collection, risk-based pricing, and the importance of repayment records. This initiative has notably supported 78,359 customers who previously had no credit histories to establish a good record with the National Credit Bureau (NCB) over the past year.