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BUSINESS

TUC to deploy 1,000 new base stations on Monday

Business, Komsan Tortermvasana, Published on 25/12/2020

» True Move H Universal Communication (TUC) plans to start using 1,000 base stations on the 700-megahertz spectrum on Monday when it is due to receive the licence from the telecom regulator to use the range.

BUSINESS

Solar plant portfolio expanded

Business, Published on 25/12/2020

» Cleantech Solar has announced the completion of four rooftop solar PV systems at Cargill sites across Thailand through long-term agreements under which Cleantech has funded, built and will operate and maintain the systems.

BUSINESS

New business registrations poised to recover in year ahead

Business, Phusadee Arunmas, Published on 25/12/2020

» New business registrations are expected to recover to growth of 3.5-4.5% next year, driven by the economic recovery and availability of a Covid-19 vaccine.

BUSINESS

Gulf acquires 40% of PTT Natural Gas

Business, Yuthana Praiwan, Published on 25/12/2020

» Gulf Energy Development Plc, Thailand's top private power producer by capacity, has acquired a 40% share of PTT Natural Gas Co, a gas distribution arm of PTT Group, at a cost of US$90 million (2.7 billion baht) to further expand its energy business.

BUSINESS

Hotels slim down

Business, Pawika Thienwongpetch, Published on 25/12/2020

» Covid-19 has brought radical changes to the hospitality industry, for which most owners and operators were unprepared. Adaptability and upskilling have become key factors in the survival of an industry that revolves around services through human presence and interactions, especially when revenue streams are not flowing.

BUSINESS

Tops and Central Food Hall allay Covid concerns

Business, Published on 25/12/2020

» Tops and Central Food Hall insist their seafood products are free from Covid-19 amid the outbreak in Samut Sakhon.

BUSINESS

Fewer trips seen as infections rise

Business, Narumon Kasemsuk, Published on 25/12/2020

» A bleak economic winter is forecast for the New Year holiday as airlines are seeing declining bookings and the Tourism Authority of Thailand (TAT) estimates only 2.75 million domestic trips for the upcoming period.

BUSINESS

Kerry Express shares soar on day one

Business, Darana Chudasri and Nuntawun Polkuamdee, Published on 25/12/2020

» Shares of Kerry Express (KEX) soared on the first day of trading to 73 baht before closing at 51.25 baht, up 83% from the initial public offering price of 28 baht.

BUSINESS

New surge in Covid-19 cases slow hotel bookings for ASQ

Business, Dusida Worrachaddejchai, Published on 25/12/2020

» New local transmissions from Samut Sakhon province, the epicentre of the current Covid-19 outbreak, have slowed alternative state quarantine (ASQ) bookings as foreigners waver on whether to wait until the situation is resolved.

BUSINESS

A banner year for M&A deals

Business, Post Reporters, Published on 25/12/2020

» Merger and acquisition (M&A) activity looked strong at the beginning of 2020 with numerous transactions, including the acquisition of the Ninth Towers office building and Unilever House office building projects (US$186 million and $50.4 million, respectively) by CPN Retail Growth Leasehold REIT.