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BUSINESS

Phatra targets AUM hike to B100bn-plus

Business, Darana Chudasri, Published on 15/05/2018

» Phatra Asset Management targets its assets under management (AUM) to exceed 100 billion baht this year, driven by private fund business, which posted rapid growth in line with the whole industry last year.

BUSINESS

SCN secures Green Earth stake to go solar in Myanmar

Business, Post Reporters, Published on 15/05/2018

» SET-listed Scan Inter Plc (SCN), a natural gas trader and operator of compressed natural gas (CNG) stations, has purchased shares of Green Earth Power Thailand Co to operate a solar power plant in Myanmar.

THAILAND

Disruptive tech 'must be facilitated'

News, Patpon Sabpaitoon, Published on 15/05/2018

» Thailand must act as a facilitator to survive in the age of technological disruption rather than play the role of strict regulator and potentially hamper innovation, PM's Office Minister Kobsak Pootrakul said at a conference Monday.

THAILAND

Grieving kin of diet-pill victim to sue

News, Post Reporters, Published on 15/05/2018

» The brother of a Kanchanaburi woman who died after taking Lyn brand weight loss pills is to file charges against the sales agent and the company for causing irreparable loss to his family.

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THAILAND

Pheu Thai insider says ex-MPs 'hunted'

News, Published on 15/05/2018

» A leading former Pheu Thai MP said Monday that other former party MPs, especially those in the Northeast, the party's main political stronghold, were being approached and urged to defect.

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BUSINESS

Thai AirAsia parent's Q1 profit jumps 76%

Business, Pathom Sangwongwanich, Published on 15/05/2018

» SET-listed Asia Aviation Plc (AAV), a major shareholder of Thai AirAsia Co Ltd (TAA), has reported a 76% year-on-year rise in its first-quarter net profit, buoyed by strong growth in number of passengers carried, high demand during peak season and the baht appreciation.

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BUSINESS

Central Watson vows growth

Business, Pitsinee Jitpleecheep, Published on 15/05/2018

» Central Watson Co, the operator of Watsons health and beauty stores, has vowed to allocate 600 million baht this year to expand its business in Thailand.

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BUSINESS

Kerry plans B1.8bn to boost delivery network

Business, Suchit Leesa-nguansuk, Published on 15/05/2018

» Kerry Express, a domestic parcel express delivery service and part of Hong Kong-based Kerry Holdings Group, is earmarking 1.8 billion baht to expand its delivery network capacity to grow e-commerce and cross-border trade.

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BUSINESS

Fee income faces hit, BoT official says

Business, Somruedi Banchongduang, Published on 15/05/2018

» Commercial banks' fee-based income from money transfer services, starting from this quarter, is expected to decline significantly after most waived digital banking transaction fees, says a senior official at the Bank of Thailand.

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OPINION

Migrants help the economy

News, Editorial, Published on 15/05/2018

» Similar to US President Donald Trump's protectionist "America First" policy, Thailand's new law that imposes a migrant labour quota on businesses is a misplaced and miscalculated directive driven by our lawmakers' false sense of nationalism.