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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.
Online Safety Act is a bad joke
Life, James Hein, Published on 13/08/2025
» The UK now has their Online Safety Act (OSA) and Australia is blindly following in their footsteps. In the UK it didn't take very long for the tech aware under-18s to bypass all the rules and regain access to adult content. Think about it, if China can't completely block everything do you think the UK had any chance? There were some creative solutions but the most common was a simple Virtual Private Network (VPN). In related news, some VPN companies reported a 1,400% increase in sign-ups since the OSA came into force.
Petrochemical slide expected to persist
Business, Yuthana Praiwan, Published on 08/08/2025
» The downturn in the petrochemical industry is expected to continue until 2027, when it will begin to recover, according to analysts.
Tallying the tariff trade-offs
Business, Published on 04/08/2025
» The 19% US reciprocal tariff on Thai goods could offer some much-needed relief for businesses in Thailand, as this rate aligns with the regional average.
Tariff of 19% dubbed 'good news'
Business, Post Reporters, Published on 02/08/2025
» Despite great relief following the announcement of a 19% US tariff rate on Thai exports on Friday, the business sector remains fraught with concerns, particularly over the plight of Thai small and medium-sized enterprises (SMEs) and the agricultural sector.
Thailand Post to focus on shipments to China
Business, Komsan Tortermvasana, Published on 01/08/2025
» State logistics firm Thailand Post has targeted annual expansion of its parcel shipments from Thailand to China after they increased by 3% last year.
Transport solutions sidestep border conflict
Business, Phusadee Arunmas, Published on 31/07/2025
» The border closures with Cambodia have affected land transport, leading to a shift towards shipping via alternative routes, says the commerce minister.
Indonesian shoemakers fear Trump tariffs despite lower levy
AFP, Published on 16/07/2025
» BANDUNG — At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump's tariffs hit exports.
Bridge of fantasy
Oped, Postbag, Published on 15/07/2025
» Re: "Land Bridge falls flat", (BP, July 13).
Thailand's Land Bridge falls flat
Supoj Wancharoen, Published on 13/07/2025
» As Thailand's political future hangs in the balance, so too does one of the country's most ambitious mega-infrastructure proposals: the Land Bridge Project, envisioned as a transformative logistics corridor linking the Gulf of Thailand with the Andaman Sea.