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PROPERTY

Narongdej family fully backs Raimon Land's capital increase

Business, Nareerat Wiriyapong, Published on 04/09/2024

» The Narongdej family is fully committed to Raimon Land's (RML) ongoing capital increase, says the company's chairman, noting that the completed and ongoing projects of the listed luxury property developer would generate more than 30 billion baht in revenue over the next 1-3 years.

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GENERAL

Foreign pilots concern association

Business, Narumon Kasemsuk, Published on 04/09/2024

» The Thai Pilots Association is raising the alarm over liberalising pilot jobs for foreigners flying domestic routes through wet lease arrangements, claiming it risks another red flag from the International Civil Aviation Organization (ICAO).

GENERAL

EPG revenue on course to rise by 8%

Business, Lamonphet Apisitniran, Published on 04/09/2024

» Eastern Polymer Group Plc (EPG), a Thai plastic moulder, expects its revenue to grow by 8% year-on-year in fiscal 2025, driven by overseas sales, including the sale of high value-added products in the automotive industry.

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GENERAL

Shippers eye 5% growth goal

Business, Phusadee Arunmas, Published on 04/09/2024

» The Thai National Shippers' Council (TNSC) is calling on the prime minister to set an annual average target of 5% export growth amid risk factors such as the baht's appreciation and ongoing geopolitical tensions.

GENERAL

Depa plan focuses on enhancing digital workforce

Business, Komsan Tortermvasana, Published on 04/09/2024

» The Digital Economy Promotion Agency (Depa) has unveiled its 2025 operational plan to promote the concept of "Perform Better, Think Faster, and Live Better" to enhance the quality of life of Thai people via digital technology.

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GENERAL

Temu's presence could intensify price war

Business, Suchit Leesa-nguansuk, Published on 04/09/2024

» While it's too early to gauge Chinese e-commerce giant Temu's long-term impact on the e-commerce market in Thailand and the region, sellers may need to prepare for another price war, says market analytics firm Cube Asia.

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GENERAL

Siam Premium Outlets expands to Phuket

Business, Published on 04/09/2024

» Siam Premium Outlets, a shopping centre featuring a variety a brand-name products, will expand to the resort island of Phuket in 2026, seeking a new opportunity in one of Thailand's bustling tourist destinations, according to operator Siam Piwat Simon.

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GENERAL

Gunkul banking on new PDP

Business, Yuthana Praiwan, Published on 04/09/2024

» SET-listed Gunkul Engineering, a renewable energy developer and construction firm, expects its revenue to double, reaching 20 billion baht by 2030, thanks to the new power development plan (PDP) that promotes greater use of clean power.

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GENERAL

Phuket service charges stable

Business, Molpasorn Shoowong, Published on 03/09/2024

» The average income from service charges among hotels in Phuket is expected to stabilise, but would still maintain a high level in the upcoming high season, while the average room rate would continue to soar, according to the Phuket Hotels Association.

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GENERAL

IEAT sees record land sales

Business, Lamonphet Apisitniran, Published on 03/09/2024

» The Industrial Estate Authority of Thailand (IEAT) is set to see its industrial land sales reach a new high of more than 6,000 rai for the second consecutive year, due partly to the state policy to boost investment, especially in the electric vehicle (EV) segment.