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GENERAL

Siam Cement sees lower revenue growth in 2024

Business, Lamonphet Apisitniran, Published on 26/07/2024

» SET-listed Siam Cement Group (SCG), Thailand's largest cement producer and industrial conglomerate, has decided to revise down its revenue growth target to 10% this year, down from 20% due to a raft of factors, including the domestic economic slowdown and sluggish sales in the petrochemical industry.

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GENERAL

Household debt pressures growth

Business, Nuntawun Polkuamdee, Published on 26/07/2024

» The high level of household debt has continued to pressure economic growth and is holding back investors' decision on whether or not to invest more, a recent survey conducted by the Association of Investment Management Companies (AIMC) has found.

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GENERAL

Facebook targets young adults for growth

Business, Suchit Leesa-nguansuk, Published on 26/07/2024

» Meta's Facebook has focused on deepening engagement with young adults, connecting with the next generation of social consumers, and increasing creators' monetisation.

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GENERAL

Up to 2m vendors set to participate in scheme

Business, Phusadee Arunmas, Published on 26/07/2024

» The Commerce Ministry has confirmed that it will finalise registration of 2 million vendors for the digital wallet handout scheme by September.

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GENERAL

Govt Savings Bank soft loan programme attracts strong demand

Business, Wichit Chantanusornsiri, Published on 26/07/2024

» A soft loan scheme administered by the Government Savings Bank (GSB) has initially attracted demand tallying 70-80 billion baht out of the 100 billion-baht total, according to Finance Minister Pichai Chunhavajira.

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GENERAL

LH Bank aims to increase ratio of Taiwanese loans

Business, Somruedi Banchongduang, Published on 26/07/2024

» LH Bank, a subsidiary of Land and House Financial Group (LHFG), aims to double the proportion of its Taiwanese loans over the next 3-5 years, driven by the expanding presence of foreign businesses in the Thai market.

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GENERAL

SAT-1 terminal's lounges at Suvarnabhumi drawing few passengers

Business, Molpasorn Shoowong, Published on 26/07/2024

» Airport lounges and day rooms at the new satellite terminal at Suvarnabhumi airport in Samut Prakan province remain quiet due to lack of international flights despite having been open for almost a year, according to Miracle Group, an operator of airport lounges and hotels.

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MOTORING

Thailand cuts car manufacturing target to 1.7m in 2024

Business, Lamonphet Apisitniran, Published on 26/07/2024

» Months-long sluggish car sales have caused the Federation of Thai Industries (FTI) to reduce its car manufacturing target for 2024 to 1.7 million units, down from 1.9 million units.

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GENERAL

Call for charges to be filed in share manipulation case

Business, Nareerat Wiriyapong, Published on 26/07/2024

» The Securities and Exchange Commission (SEC) has called on the prosecutor to file charges with the Civil Court against nine offenders for share manipulation of three companies after they refused to comply with the punishment measures.

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GENERAL

Central Pattana wins prestigious award for earnings

Business, Published on 26/07/2024

» SET-listed Central Pattana (CPN) received the "Best Public Company of the Year 2024" award in the real estate category from Money & Banking magazine, marking the first year the company bagged the award.