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GENERAL

3BB takeover

Business, Published on 27/12/2023

» Advanced Info Service (AIS) completed its takeover this year of broadband internet service provider Triple T Broadband (TTTBB), known for its 3BB brand.

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Esso buyout

Business, Published on 27/12/2023

» Bangchak Corp completed its purchase of shares in Esso Thailand in October via a tender offer, valued at 3.54 billion baht, leading to 76.3% ownership of Esso Thailand.

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BCPG powers up in the US

Business, Published on 27/12/2023

» BCPG Plc, the clean power generation arm of energy conglomerate Bangchak Corp Plc, made its first power footprint in the US this year by acquiring two gas-fired power plants for 3.9 billion baht in a move to gain stable revenue.

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Citigroup sell-off

Business, Published on 27/12/2023

» Citigroup Inc agreed to sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank (UOB) Ltd for around S$4.9 billion (US$3.6 billion).

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Selfridges control

Business, Published on 27/12/2023

» Thailand's leading retailer Central Group took control of the historic British department store Selfridges after its Austrian partner Signa was beset by financial difficulties.

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Navigating the new tourism horizon

Business, Published on 27/12/2023

» In the ever-evolving tapestry of global tourism, a profound transformation has begun in Thailand. The country's tourism industry is ushering in a new era with a focus that transcends footfall to cater to a more discerning breed of high-value travellers.

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Chinese rebound helps hoteliers

Business, Nareerat Wiriyapong, Published on 27/12/2023

» Chinese tourist arrivals are recovering at a faster pace this month and the momentum is expected to persist through to Chinese New Year on Feb 10, helping local hotels during the high season, say analysts.

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Majority of firms ready for new rule

Business, Nuntawun Polkuamdee, Published on 27/12/2023

» Some 98% of insurance companies are ready to comply with the Thai Financial Reporting Standard (TFRS17) as the Thai General Insurance Association (TGIA) prepares to enforce the guidelines from Jan 1, 2025.

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SEC accuses former Stark executives of insider trading

Post Reporters, Published on 27/12/2023

» The Securities and Exchange Commission (SEC) has accused three former executives of Stark Corporation of insider trading for selling its shares before the release of suspicious data.

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Bumper year for mergers and acquisitions

Business, Published on 27/12/2023

» Firms in several sectors expanded operations at home and overseas.