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BUSINESS

Thai Vietjet eyes 8m passengers in 2024

Business, Molpasorn Shoowong, Published on 19/08/2024

» Thai Vietjet targets nearly 8 million passengers this year as it improves its aircraft utilisation rate and adds flights to existing routes, with a plan to import new Boeing 737 Max jets on tap for next year.

BUSINESS

Neo Corporate eyes premium, export markets

Business, Molpasorn Shoowong, Published on 17/08/2024

» SET-listed Neo Corporate plans to focus on the premium market and exports for double-digit growth annually over the next five years, after registering revenue growth that beat the market average in all three categories of fast-moving consumer goods (FMCG) last year.

PROPERTY

Pruksa slashes value of new developments by B2bn

Molpasorn Shoowong, Published on 16/08/2024

» SET-listed developer Pruksa Holding downgraded the value of its annual new projects to 27 billion baht, from 29 billion baht, as the sluggish economy mutes purchases at its townhouse projects.

BUSINESS

Thai AirAsia eyeing uptick in passengers

Business, Molpasorn Shoowong, Published on 02/08/2024

» With Thai AirAsia aiming to secure 25 Airbus A321neo aircraft from an order placed by AirAsia Aviation Group for 100 of the aircraft over the next five years, the airline plans to strengthen its domestic and international route networks, particularly in destinations facing constraints in terms of slots.

BUSINESS

Pink Line expected to raise occupancy at Impact

Business, Molpasorn Shoowong, Published on 12/07/2024

» SET-listed Bangkok Land estimates the Pink Line monorail will increase the traffic and occupancy rate of its exhibitions to 70% within five years.

PROPERTY

CPN eyes 20% growth for residential unit

Business, Molpasorn Shoowong, Published on 28/06/2024

» SET-listed Central Pattana (CPN) is targeting 20% annual growth for its residential property business in the coming years, while aiming for 7 billion baht in revenue in 2024 via the high-spending domestic segment in the provinces.

BUSINESS

AWC to open rooftop Nobu restaurant

Business, Molpasorn Shoowong, Published on 24/06/2024

» SET-listed Asset World Corp (AWC) is banking on high-spending customers to support its restaurant businesses in Thailand after it invested more than 600 million baht to open the rooftop Nobu Bangkok.

BUSINESS

Airline profits stay stagnant in Asia-Pacific

Business, Molpasorn Shoowong, Published on 21/06/2024

» Asia-Pacific is forecast to have the second-lowest aviation profit per region at US$1.2 per passenger this year, mainly attributed to sluggish growth in China and supply chain disruption, according to the International Air Transport Association (IATA).

PROPERTY

Tourism to steer CPN's H2 results

Molpasorn Shoowong, Published on 18/06/2024

» Retail and property developer Central Pattana Plc (CPN), the operator of Central malls, is banking on a tourism rebound to strengthen retail performance in the second half, especially in major cities.

BUSINESS

AWC allots B10bn for Phenix

Business, Molpasorn Shoowong, Published on 17/06/2024

» SET-listed Asset World Corp (AWC) has launched Phenix, a 10-billion-baht wholesale and retail food centre, to capture consistent demand in the tourism and food segments.