Showing 1 - 10 of 20
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.
Indonesia’s Economic Vision: A Global Force by 2045
Published on 26/02/2024
» PermataBank CEO Ibu Meliza Rusli outlines Indonesia’s growth drivers and pivotal global trade role, emphasising digitalisation and sustainability.
Time for Thailand to Embrace Shifting Global Supply Chain Opportunity
Published on 09/02/2024
» Authors:
UOB and BOI Join Forces to Boost Investments Regionally
Published on 11/01/2024
» On January 11, 2024, the Thailand Board of Investment (BOI) signed a Memorandum of Understanding (MOU) with UOB Thailand, marking a strengthening agreement to promote business cooperation and facilitate new investment opportunities into Thailand across UOB's key markets.
Small Format is Here to Stay
Published on 20/10/2023
» Southeast Asia’s retail landscape has evolved significantly over the past two decades. Historically, this region has been dominated by traditional trade (TT) channels such as wet markets and mom-and-pop stores. Also referred to as ‘warung’ in Indonesia and ‘sari-sari’ in the Philippines, these small stores have been the cornerstone of grocery retail by providing basic necessities for local daily life.
Powering Thailand's Ascent: Fi Asia & Vitafoods Asia 2023
Published on 20/09/2023
» The moment has arrived to unveil the future! Informa Markets (Thailand) is rallying over 1,000 local and international entrepreneurs in food ingredients from more than 45 countries worldwide to converge at "Fi Asia 2023" (Food Ingredients Asia 2023). Additionally, over 460 providers of dietary supplements and functional ingredients from 40 countries are joining "Vitafoods Asia 2023." These events are set to dominate Halls 1–7 of the Queen Sirikit National Convention Center, affirming Thailand's potential as Asia's foremost health hub.
PIM International College Celebrates 10th Anniversary with 'PIM International Star Network'
Published on 19/07/2023
» PIM International College hosted the 'PIM International Star Network' event to extend a warm welcome to its international alumni, including graduates and Master's Degree holders, who returned to visit their alma mater, which they consider their second home.
MLA Partners with Investment NSW to Launch "Aussie Beef Mates" Campaign in Thailand
Published on 03/07/2023
» The campaign commences with a special dinner event curated by Chef Natt Natsasi Nu-in, also known as Lady Butcher, marking her debut as the first-ever Aussie Beef Mates Thailand representative.
“Taiwan Expo 2022” The economical and cultural bridge between Thailand - Taiwan
Published on 12/09/2022
» “Taiwan Expo 2022” The economical and cultural bridge between Thailand - Taiwan Hoping to forge a bond and become world class factories for manufacturing innovation and tech products
AMCHAM Thailand joined the Asia-Pacific Regional Business Delegation to Washington
Published on 21/07/2022
» Between July 17-20, the American Chamber of Commerce in Thailand (AMCHAM) joined the AmChams of Asia Pacific (AAP) business delegation to Washington, DC to represent business in Thailand and to promote trade and investment between the two countries.