Showing 1 - 10 of 192
Bangchak to Stabilize Palm Oil Prices with B100
Published on 04/06/2024
» Chaiwat Kovavisarach, Group Chief Executive Officer and President of Bangchak Corporation Public Company Limited, announced that in response to proposed solutions from the Department of Internal Trade to tackle declining palm oil prices, the company is poised to procure B100 at the standardised price set by the Energy Policy and Planning Office (EPPO) through BBGI Corporation, a major player in the biofuel industry and an affiliate of the Bangchak Group. BBGI will procure crude palm oil from extraction plants at a standardised price set by the Department of Internal Trade, in alignment with oil palm prices. This initiative aims to bolster support for farmers and promote the adoption of environmentally friendly energy sources.
Thai Companies Slow to Adopt AI Technologies
Published on 21/05/2024
» Although Thailand ranked nearly top among 21 nations surveyed recently where 'excitement' about artificial intelligence (AI) was rife, the adoption of this game-changing technology, especially by companies in the country, is quite lacklustre. A recent study by the Boston Consulting Group (BCG) has found that consumers in emerging markets, including Thailand, are generally among those who are particularly open to and excited about AI, particularly Generative AI (GenAI), indicating a higher likelihood of consumers adopting AI more in their daily lives.
Huawei and Partners Drive Thailand's Digital Growth
Published on 02/05/2024
» Huawei Technologies (Thailand) Co., Ltd. today hosted its annual "Thailand Partners Summit 2024" event under the theme "Joining Hands for a Shared Era," emphasising partner confidence for collaboration and cooperation in Thailand. A new sub-brand, the HUAWEI eKit, and its accompanying strategy were also announced during the event, focusing on reinforcing industry strength, building partner motivation, and accelerating industrial intelligence by leveraging advanced organisational technologies to serve markets at all levels.
Banyan Tree's Creston Hill Scores Pre-sales Milestone
Published on 21/03/2024
» Banyan Tree Residences Creston Hill, the first-ever luxury branded residences adjacent to the UNESCO World Heritage site, Khao Yai National Park, announces the remarkable success of the presales phase for its initial development stage. This monumental venture, valued at THB 17 billion, is the result of a collaboration between Banyan Tree, a globally acclaimed independent multi-branded hospitality group, and Thai developer Creston Holding Ltd. The pre-sales achievement marks a growing and sustained demand for luxury branded residences in Thailand.
SCB WEALTH Triumphs with Triple Global Awards
Published on 20/03/2024
» Siam Commercial Bank’s Wealth Banking Group, led by Mr. Sornchai Suneta (CFA) (centre), First Executive Vice President of the SCB Investment Office and Product Function; Ms. Ruttaya Tongrut (third from right), Executive Vice President of Wealth Strategy and Enablement; and Ms. Salisa Hanpanich (third from left), Executive Vice President of Wealth Capability Development, has once again secured three prestigious global awards at the "2023 ASIAN PRIVATE BANKER: 13th Award for Distinction" event. This achievement underscores SCB's leadership in investment excellence and top-tier wealth management services, reaffirming its commitment to delivering unparalleled value to customers. The trio of accolades received includes: 1) Best Domestic Private Bank - CIO Office; 2) Best Domestic Private Bank - Discretionary Portfolio Management; and 3) Best Domestic Private Bank - Digital Innovation and Services. The awards ceremony, hosted by Asian Private Banker, Asia’s premier financial and investment magazine, took place recently at the JW Marriott Hotel, Hong Kong.
It’s all about “Fem Power” at Kimpton Maa-Lai Bangkok
Published on 29/02/2024
» Kimpton Maa-Lai Bangkok salutes the achievements and independence of women worldwide with its “Fem Power” inspiring lineup of female musicians on International Women’s Day, Friday, 8th March. A portion of proceeds from Fem Power food and beverage sales will be donated to Alliance Anti Trafic (AAT) to help combat abuse and exploitation of women and children in Thailand.
Chiang Mai Marriott: Renovated Luxury, Endless Experiences
Published on 23/02/2024
» Marriott International, which has a portfolio of over 30 hotel brands around the world, has rebranded Le Meridien Chiang Mai as Chiang Mai Marriott Hotel, after a complete renovation, refurbishment and rebranding. Chiang Mai Marriott offers an elevated hotel experience by creating a sophisticated destination for both leisure and business travellers.
Central's Q1/2024 Expansion: 2 Billion Baht, 2 Renovations, 2 Stores
Published on 14/02/2024
» Central Department Store, under Central Retail, is ushering in 2024 with a robust start, unveiling a comprehensive business plan for the first quarter. Central Department Store is set to unveil significant renovations at two of its Bangkok branches, namely Central Megabangna and Central Fashion Island. Simultaneously, it will mark the grand openings of two new stores: Central Nakhon Sawan and Central Nakhon Pathom. With a collective investment of 2 billion Baht, Central Department Store is solidifying its status as the nationwide destination for inspiration. The strategic placement of these four branches aims to create life-defining moments in locations with immense potential in Bangkok, the upper central region, and the western re-gion. As the company forges ahead, it is committed to providing a superior shopping experi-ence tailored to the lifestyles of every generation. Moreover, this initiative is expected to stimu-late the economy and generate employment opportunities in every region of Thailand. Anticipat-ing a 15% surge in traffic for Central Department Store this year, the company is poised to rein-force its position as the No.1 department store that has captured the hearts of the Thai people for nearly eight decades.
Marriott's 2024 Promo: Fast-Track Elite Status Globally
Published on 02/02/2024
» Marriott Bonvoy, the award-winning travel program by Marriott International, is reintroducing its globally acclaimed promotion. This offer rewards members with bonus points and Elite Night Credits for every night stayed. From February 13 to April 29, enrolled members will receive 1,000 bonus points and one bonus Elite Night Credit per night throughout the promotional period. Registration opens today and continues until April 15.
MINT has no plan to issue perpetual bond
Published on 10/01/2024
» MINT confirms it has no plan to issue perpetual bond as rumoured in the market. Its liquidity and cash flow from operations remain strong. The company is committed to pro-actively de-leverage amidst high interest rate environment to further enhance earnings growth, with interest bearing debt to equity ratio expected to come down further from 1x at the end of 3Q23. The company is also confident in the bright outlook for business expansion, as well as revenue and earnings growth. As per its three-year plan approved by the board late last year, the firm expects to see revenue growth of approximately 8-10% p.a. on a CAGR basis over the next three years, while its ability to expand margins will lead to stronger earnings growth of 15-20% p.a. on a CAGR basis over the next three years.