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INVESTMENT

Strong first quarter for listed companies

Business, Nareerat Wiriyapong, Published on 29/05/2024

» A rebound in tourist arrivals has supported listed companies on the Stock Exchange of Thailand (SET) as they reported sales growth of 4.6% year-on-year in the first quarter to 4.4 trillion baht (roughly US$129 billion), with net profit edging up 1.7% to 265 billion baht.

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GENERAL

Ratch set to acquire new power generation assets

Business, Yuthana Praiwan, Published on 29/05/2024

» SET-listed Ratch Group, a power generation arm of the Electricity Generating Authority of Thailand, expects to soon finalise six new deals to acquire power generation assets with a combined capacity of 550 megawatts in Thailand and overseas, under a plan to increase renewable energy.

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GENERAL

Large banks pushed on transition loans

Business, Somruedi Banchongduang, Published on 29/05/2024

» The Bank of Thailand has encouraged large commercial banks to offer transition finance to assist local businesses in moving from carbon-intensive industries to more sustainable practices.

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GENERAL

Ministry readies debt restructuring measures

Business, Wichit Chantanusornsiri, Published on 29/05/2024

» The Finance Ministry looks set to implement debt restructuring measures for individuals to help increase their disposable income.

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GENERAL

Agency relies on festivals, large events

Business, Narumon Kasemsuk, Published on 29/05/2024

» The tourism sector remains robust despite GDP growth of only 1.5% in the first quarter, lower than regional peers, as the industry rebounded faster than other sectors, while the Tourism Authority of Thailand (TAT) plans to keep promoting festivals to maintain income for the whole year.

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GENERAL

B50bn in credit guarantees for SMEs

Business, Wichit Chantanusornsiri, Published on 29/05/2024

» The Finance Ministry is preparing a credit guarantee fund worth 50 billion baht to help small and medium-sized enterprises (SMEs) access credit.

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GENERAL

Land and building tax collection to tally B43bn this year

Business, Wichit Chantanusornsiri, Published on 29/05/2024

» The Finance Ministry expects collection of the land and building tax this year to total 43 billion baht, 8 billion higher than last year as the tax discount is discontinued.

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GENERAL

BDMS Wellness in Chinese partnership

Business, Lamonphet Apisitniran, Published on 29/05/2024

» BDMS Wellness, a unit under Bangkok Dusit Medical Services Plc, has partnered with a Chinese company to focus on preventive medicine in a bid to attract Chinese travellers seeking healthcare in Thailand.

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GENERAL

CP Foods rolls out culinary innovations

Business, Phusadee Arunmas, Published on 29/05/2024

» Charoen Pokphand Foods Plc (CP Foods) is set to showcase its latest food innovations at THAIFEX-ANUGA Asia 2024.

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GENERAL

Eveandboy sees cosmetics sales upswing

Business, Kuakul Mornkum, Published on 29/05/2024

» Eveandboy, a Thai cosmetics and perfume retailer, says the domestic beauty market looks promising as shoppers become more sophisticated about their appearance amid a stagnant economy.