Showing 1 - 10 of 70
QHHRREIT Completes Conversion, Acquires New Prime Assets
Published on 29/05/2024
» QHHRREIT has successfully completed its conversion from a property fund to a real estate investment trust (REIT) and has acquired new assets, including the Centre Point Hotel and Residence Silom. This strategic move aims to enhance the trust’s sustainable revenue potential by capitalising on the recovering tourism sector and the new visa-free policy, positioning it as a high-potential hotel REIT in prime locations.
Bosch maintained double-digit growth in Thailand
Published on 28/05/2024
» Impactful innovation with a strong commitment to driving sustainability
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.
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.
J&T Express Thailand Unveils New Services in 2024
Published on 29/03/2024
» J&T Express, a leading global logistics service provider with prominent express delivery operations in Southeast Asia and China, celebrated its fifth anniversary in Thailand under the theme "J&T Behind Your Smile." Marking this occasion, the company unveiled a range of new services in the first quarter of 2024, designed to enhance customer experiences and meet their diverse needs.
Bolstering Thai Economy: Key Recommendations for Government
Published on 21/02/2024
» The Vice Chairmen of the Federation of Thai Industries (FTI), Mr. Montri Mahaplerkpong and Mr. Apichit Prasoprat, reported a notable increase in the Thailand Industry Sentiment Index (TISI) for January 2024, rising to 90.6 from 88.8 in December 2023. This upswing in TISI can be attributed to various contributing factors.
DeeMoney's Tesla Giveaway: 3.5M Baht Prizes
Published on 15/02/2024
» DeeMoney, a leading Thai fintech company providing international money transfer services, has successfully concluded its “OWNDEE Win Tesla” campaign, awarding a Tesla Model 3 and over 3.5 million baht in prizes to lucky customers.
True IDC Invests 10 Billion Baht in Data Centres
Published on 01/01/2024
» True Internet Data Centre Company Limited, also known as True IDC, a leading provider of data centre and cloud services in Thailand, is embarking on a substantial investment of over 10 billion baht to significantly expand its data centre and cloud business capabilities. This comprehensive investment plan spans three years, from 2024 to 2027, and includes large-scale projects such as the expansion of data centres at True IDC East Bangna Campus, and True IDC North Muangthong. Additionally, it encompasses a sustainability development projects to fully transform into a green data centre and an operational excellence initiatives. The investment will enhance the company's capabilities to support hyperscale businesses, OTT providers, and leading technology service providers from abroad entering Thailand and the ASEAN region.
Bumrungrad and VitalLife Lead in Longevity Medicine Talks
Published on 11/12/2023
» Thailand’s population structure has changed over time. Today, Thailand’s birth rate is lower than ever before and people are living much longer, which has resulted in an increased elderly population. The Office of the National Economic and Social Development Council stated that in 2023 Thailand has become an aging society, with 20% of its population being over 60 years of age. In 2040, Thailand will likely join the list of super-aging societies, where 30% of the population is over 60. The result will be an increased socio-economic burden driven by geriatric healthcare costs.
Krungthai Bank Offers 5% Interest on USD Deposits
Published on 15/11/2023
» Krungthai Bank is introducing new money management options for customers holding US dollars. The 4-month Fixed USD FCD offers an impressive interest rate of up to 5%. Alternatively, customers can choose a preferential exchange rate when converting their dollars into a Thai baht account.