Showing 1 - 10 of 194
Divided on the economy
News, Published on 25/05/2024
» From the showdown between the ruling Pheu Thai Party and the Bank of Thailand (BoT) came a call for coalition parties to ponder parting ways with the government.
New panel to oversee 'old' rice auction
News, Phusadee Arunmas, Published on 24/05/2024
» A panel has been formed to oversee the auctioning off of 15,000 tonnes of rice left over from the controversial rice-pledging scheme launched during former prime minister Yingluck Shinawatra's administration, Commerce Minister Phumtham Wechayachai said.
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.
Cannabis U-turn could bring protests, lawsuits
Published on 09/05/2024
» The government’s move to reclassify cannabis as a narcotic threatens to trigger street protests and class-action suits by owners of thousands of dispensaries that have sprung up across the country since decriminalisation two years ago.
Thaksin 'met with Malaysia's Anwar'
News, Published on 09/05/2024
» Paroled former prime minister Thaksin Shinawatra met Malaysian Prime Minister Anwar Ibrahim during his trip to Phuket last week, sources say. Topics under discussion are believed to have included the unrest in the deep South as well as the fighting in Myanmar.
Foreign minister comfy with Thaksin's intervention in Myanmar
Published on 07/05/2024
» Former prime minister Thaksin Shinawatra's reported talks with resistance groups in Myanmar were at a personal level and not part of the Thai government's policy towards its neighbour, Foreign Minister Maris Sangiampongsa said on Tuesday.
First Muay Thai tourists touch down ready to touch gloves
Achadthaya Chuenniran, Published on 05/05/2024
» PHUKET: The first batch of eight Chinese tourists have arrived in this southern resort island to learn Muay Thai under 90-day "Non-Ed" visas as part of the country's soft power policy.
Reshuffle ruffles some
Mongkol Bangprapa, Published on 05/05/2024
» The first cabinet reshuffle under the Srettha Thavisin government aims to enhance efficiency, particularly in advancing economic stimulus initiatives, as the government plans to introduce additional populist programmes to attract votes in the next election, academics say.
Promises and perils of handout
News, Published on 04/05/2024
» Much anticipated as it is controversial, the digital wallet scheme has seen its veil of uncertainty finally lifted.
Premier's talk show to debut next week
News, Mongkol Bangprapa, Published on 04/05/2024
» Prime Minister Srettha Thavisin will kick off the first episode of his monthly talk show programme next Saturday to promote the government's work, according to a source.