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EGCO profit jumps 88% on strong performance
Published on 15/08/2025
» Bangkok, August 15, 2025 - Electricity Generating Public Company Limited (EGCO Group) has announced strong first-half 2025 results, posting a net profit of 5,734 million baht—an increase of 2,679 million baht or 88% year-on-year. The solid performance was largely driven by the company’s “Triple P” strategy, which emphasises strategic asset recycling.
TTA Posts Baht 942m Profit in First Half of 2025
Published on 15/08/2025
» Bangkok, August 15, 2025 – Thoresen Thai Agencies (TTA) posted first-half revenues of 14.52 billion baht and net profit of 942.4 million baht, driven by strong Shipping and Other Investments performance. Shipping, Offshore Service, Agrochemical, Food & Beverage, and Other Investments contributed 23%, 53%, 14%, 7%, and 3% of revenue, respectively. Shipping achieved a TCE rate 31% above the market, while Offshore Service maintained a US$688.1 million order book. Other income surged 833% YoY to 1.56 billion baht on digital asset sales. TTA closed the half with 5.7 billion baht in cash, net operating cash flow of 1.61 billion baht, and a debt-to-equity ratio of 0.37.
LA 2028 to sell venue name rights in Olympic first
AFP, Published on 15/08/2025
» LOS ANGELES - Organisers of the Los Angeles 2028 Olympics will sell naming rights for some competition venues to "unlock an additional revenue stream" in a move that breaks with Games tradition of forbidding brand names on stadiums and arenas.
Governor backs call for special status
News, Achadthaya Chuenniran, Published on 15/08/2025
» Phuket governor Sophon Suwannarat is calling for the province to be upgraded into a special administrative area, saying the move is necessary to tackle the island's critical infrastructure and environmental issues.
Rare earths are definitely China's trump card
Oped, Published on 15/08/2025
» China's weaponisation of rare earths has emerged as a major flash point in US-China trade negotiations. These critical materials, especially the high-performance magnets they make possible, are vital components in electric vehicles (EVs), wind turbines, industrial robotics, and advanced defence systems. In response to China's strict rare-earths export controls, the United States has quietly lowered tariffs, relaxed export controls on AI chips, and even softened visa restrictions for Chinese students.
Fiscal 2026 state spending to post little growth
Business, Wichit Chantanusornsiri, Published on 15/08/2025
» The budget for fiscal 2026 is likely to mark the first year in which government spending will see little to no growth, according to finance permanent secretary Lavaron Sangsnit.
Phuket governor backs call for special status
Achadthaya Chuenniran, Published on 14/08/2025
» Phuket governor Sophon Suwannarat is calling for the province to be upgraded into a special administrative area, saying the move is necessary to tackle the island’s critical infrastructure and environmental issues.
Thai tourism momentum weakening
Molpasorn Shoowong, Published on 14/08/2025
» Thailand’s tourism business could be slow for the remainder of the year, as the country faces more intense competition from Vietnam and South Korea, which are offering visa exemptions to more markets, say industry executives.
Weekly gain in tourists seen despite border tension
Online Reporters, Published on 14/08/2025
» Foreign tourist arrivals to Thailand in the week to Aug 10 increased by 7.1% from the week before, a sign that travellers are not deterred by border tensions, says a government spokesperson.
Gem exporters eye 5% growth
Business, Phusadee Arunmas, Published on 14/08/2025
» Exports of gems and jewellery products are on track to achieve the nation's growth target of 5% this year, says the Gem and Jewelry Institute of Thailand (GIT).