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BUSINESS

Lufthansa Group pins its hopes on Asia

Business, Molpasorn Shoowong, Published on 06/03/2025

» German aviation group Lufthansa Group is banking on aviation growth in Asia and Thailand to expand its flights, in addition to non-airline businesses.

BUSINESS

Small firms urged to embrace innovation, productivity

Business, Suchit Leesa-nguansuk, Published on 06/03/2025

» Thailand must improve productivity through innovation in order to escape the "middle-income trap", according to the World Bank.

BUSINESS

Banpu revs up shift away from coal

Business, Yuthana Praiwan, Published on 06/03/2025

» Energy conglomerate Banpu Plc continues to reduce investments in coal, aiming to cut its share of earnings to less than half of total revenue in a shift towards sustainable energy development.

BUSINESS

Energy firm branches out into decentralised finance

Business, Nuntawun Polkuamdee, Published on 06/03/2025

» SET-listed renewable energy developer SAAM Development is diversifying its business into the digital asset space with a US$2.37-million investment in FWX, a leading decentralised finance (DeFi) platform.

BUSINESS

Thaifex-Horec Asia sets B4bn revenue goal

Business, Phusadee Arunmas, Published on 06/03/2025

» Thaifex-Horec Asia is expected to reinforce Thailand's position as a leading regional hub for hotel, restaurant and cafe/catering (HoReCa), targeting trade revenue of 4 billion baht.

BUSINESS

Several banks reduce loan rates, following the regulator

Business, Somruedi Banchongduang and Wichit Chantanusornsiri, Published on 06/03/2025

» Six major commercial banks and a handful of state-owned banks announced a reduction of lending interest rates following the Bank of Thailand's policy rate cut late last month to alleviate the financial burden for borrowers amid a weakening economy.

BUSINESS

Tariffs may raise export costs

Business, Lamonphet Apisitniran, Published on 06/03/2025

» Operating costs for Thai exports are likely to spike by 6-8% on average given US President Donald Trump's aggressive tariff policy on imports, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).

BUSINESS

Bualuang Securities reports net profit of B859m

Business, Nuntawun Polkuamdee, Published on 06/03/2025

» Bualuang Securities (BLS) recorded a net profit of more than 850 million baht last year, driven by interest income and an expanded revenue base from new investment products, despite market volatility and lower securities trading fees.

BUSINESS

State revenue tops target in first 4 months

Business, Wichit Chantanusornsiri, Published on 06/03/2025

» Thai government revenue collection in the first four months of the 2025 fiscal year was 826 billion baht, exceeding the target by 1.3%, according to Pornchai Thiraveja, director-general of the Fiscal Policy Office (FPO).

BUSINESS

Pi Securities to focus on wealth management in 2025

Business, Nuntawun Polkuamdee, Published on 06/03/2025

» Pi Securities, a Thai financial and investment service company, is expanding its wealth management business amid volatile investment conditions, aiming to grow assets under advisory (AUA) to more than 30 billion baht this year.