Showing 1 - 10 of 213
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.
Thailand proposes peace plan
News, Poramet Tangsathaporn, Published on 25/04/2024
» Thailand has proposed having three or more Asean member countries work in unison to engage with Myanmar's military junta to ease the crisis and bring about peace in the conflict-torn nation while remaining firm on its stance on humanitarian assistance and promoting peace.
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.
PM's 'salesman diplomacy' in view
News, Poramet Tangsathaporn, Published on 05/01/2024
» Prime Minister Srettha Thavisin, after just four months in office, announced his "salesman diplomacy" strategy during a meeting with Thai ambassadors and consuls-general at Thailand's Foreign Ministry in November last year.
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.
Govt lauds 'Growth Triangle' success
News, Post Reporters, Published on 15/08/2023
» The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) strategic framework has generated over US$618 billion (about 21.7 trillion baht) since its founding in 1993, said deputy government spokeswoman Rachada Dhnadirek on Monday.
Online boost for Rcep trade
News, Mongkol Bangprapa, Published on 03/08/2023
» The government is pushing for a steady expansion of the Regional Comprehensive Economic Partnership (Rcep), helped by increasing online sales channels, according to deputy government spokesperson Rachada Dhnadirek.