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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

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

Casinos area limited for new project venues

Business, Wichit Chantanusornsiri, Published on 13/05/2024

» The government's planned integrated entertainment complex development project will have a casino component of no more than 5% of the project area, says Deputy Finance Minister Julapun Amornvivat.

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GENERAL

Industry sees options to BoT spat

Business, Lamonphet Apisitniran, Published on 13/05/2024

» The government should seek more acceptable options to resolve its dispute with the Bank of Thailand over policy rates rather than attempt to curb the regulator's power, which is a contentious tactic, says Montri Mahaplerkpong, vice-chairman of the Federation of Thai Industries.

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GENERAL

War of independence

Business, Published on 13/05/2024

» Following a speech by Pheu Thai Party leader Paetongtarn Shinawatra declaring the independence of the Bank of Thailand an obstacle to fixing a stagnant economy, the issue has been echoed in media reports, fuelling an ongoing rift between the central bank and the coalition government.

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INVESTMENT

Asian shares on course for third week of gains

Business, Published on 11/05/2024

» RECAP: Asian stocks rose on Friday, on course for a third week of gains, while the dollar was steady as fresh signs of an easing US labour market stoked optimism about interest rate cuts before the year is out.

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GENERAL

CGSI targets top 3 brokerage spot

Business, Nareerat Wiriyapong, Published on 11/05/2024

» CGS International (CGSI), China's second-largest securities firm, wants to be among the top three securities companies in Thailand by 2030, expanding its offerings and teaming up with local and regional partners.

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GENERAL

Retailers promote AI-enabled PCs in the second half

Business, Suchit Leesa-nguansuk, Published on 11/05/2024

» Leading IT retail chains are capitalising on artificial intelligence (AI)-embedded PCs to increase sales growth in the second half of 2024.

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GENERAL

Gem exports eyed for uptick

Business, Phusadee Arunmas, Published on 11/05/2024

» Gem and jewellery exports are expected to grow by 5-10% this year amid global economic uncertainties, says a local trade group.

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GENERAL

Rayong tourism operators on edge

Business, Molpasorn Shoowong, Published on 11/05/2024

» Some fruit farms in Rayong reported tour cancellations after a chemical tank exploded on Thursday, while tourism operators called for an integrated plan for developing tourism and the industrial sector.