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TECH

HMD unit rolls out Pulse smartphones

Business, Post Reporters, Published on 14/05/2024

» HMD Thailand is executing a multi-brand strategy, expanding its product portfolio with the introduction of two new smartphones: the HMD Pulse Pro and HMD Pulse+.

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GENERAL

Calls to rekindle 'red car' service in Chiang Mai

Business, Molpasorn Shoowong, Published on 14/05/2024

» Chiang Mai tourism operators are urging the local government to help revive the transport service provided by the province's iconic rot daeng ("red cars") as more passengers have switched to other forms of transport.

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GENERAL

SCG unit ups presence in Vietnam

Business, Lamonphet Apisitniran, Published on 14/05/2024

» SCGJWD Logistics (SJWD), a unit of Siam Cement Group (SCG), has acquired International Vietnam Co for 193 million baht to further grow its business in Vietnam amid bright prospects for the logistics industry in Southeast Asia.

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PROPERTY

Foreigners lead the way in condo market

Business, Kanana Katharangsiporn, Published on 14/05/2024

» Foreign buyers dominated the condo market in the first quarter of 2024, with new launches focused on major tourist destinations, amounting to a combined investment value of more than 56.6 billion baht.

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GENERAL

Bureau sees 15% hike in overall NPLs

Business, Somruedi Banchongduang, Published on 14/05/2024

» The National Credit Bureau (NCB) recorded a 15% increase in overall non-performing loans (NPLs) in the first quarter of this year, primarily driven by auto and mortgage loan payment defaults.

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GENERAL

Indorama posts $366m earnings in Q1

Business, Published on 14/05/2024

» Indorama Ventures Plc (IVL), a global sustainable chemical producer, reported adjusted earnings before interest, taxes, depreciation and amortisation of US$366 million in the first quarter of this year, a 32% increase from the previous quarter and a 2% decline year-on-year.

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GENERAL

JSCCIB puts forward 18 new projects

Business, Phusadee Arunmas, Published on 14/05/2024

» The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) has proposed 18 development projects in four provinces in the country's lower central region.

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GENERAL

Bangkok occupancy rates bounce back in Q1

Business, Kanana Katharangsiporn, Published on 14/05/2024

» Hotel occupancy rates in Bangkok during the first quarter of 2024 bounced back close to pre-pandemic levels, primarily fuelled by an influx of Mice (meetings, incentives, conferences and exhibitions) travellers.

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GENERAL

BE8 anticipates strong growth in revenue in H2

Business, Published on 14/05/2024

» Beryl 8 Plus Plc (BE8) posted a net profit of 31.4 million baht in the first quarter of this year, while the company expects strong growth in revenue in the second half of the year thanks to government spending and increased demand in innovation investment from both the government and private sectors.

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GENERAL

True Digital Park banking on climate tech

Business, Komsan Tortermvasana, Published on 14/05/2024

» True Digital Park, the largest tech and startup hub in Asean, continues its mission of accelerating innovation in climate tech towards Thailand's net-zero goal through fostering the growth of climate tech startups via collaborations with its partner network.