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BUSINESS

Bangkok Air loses altitude in quarter

Business, Boonsong Kositchotethana, Published on 16/08/2017

» Bangkok Airways (BA) yesterday reported an inflated loss in the second quarter, weighed down by fierce market competition and weak operating performance.

BUSINESS

Group Lease net profit continues to skyrocket

Business, Darana Chudasri, Published on 16/08/2017

» Group Lease (GL), the SET-listed digital finance company, registered its highest quarterly net profit for 11th consecutive quarter thanks to profit generated from regional investments.

BUSINESS

SET seeks clarification on Polaris receivership

Business, Darana Chudasri, Published on 16/08/2017

» The Stock Exchange of Thailand (SET) has demanded that Polaris Capital Plc clarify by tomorrow that the company is under receivership by a court order and explain other inconsistent information declared previously.

BUSINESS

VAT rate kept at time-honoured 7% to help recovery

Business, Chatrudee Theparat, Published on 16/08/2017

» The cabinet yesterday approved the extension of the 7% value-added tax (VAT) rate for another year, saying a hike could derail the economic recovery.

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BUSINESS

Cabinet OKs rules for exploration and production deals

Business, Published on 16/08/2017

» The cabinet on Tuesday gave the nod to four ministerial regulations that will set criteria for production-sharing contracts (PSCs) and service contracts (SCs) as alternatives that would allow society as a whole to benefit from the petroleum business.

BUSINESS

PSH upbeat on revenue target despite H1 slump

Business, Kanana Katharangsiporn, Published on 16/08/2017

» Pruksa Real Estate Plc, a property development subsidiary of SET-listed Pruksa Holding Plc (PSH), is confident it can hit its revenue target of 50.2 billion baht this year despite seeing income fall 14% in the first half.

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BUSINESS

Tipco Beat launched for health push

Business, Pitsinee Jitpleecheep, Published on 16/08/2017

» Tipco Foods Plc, a canned pineapple maker, has made a foray into high-protein drinks as it angles to focus on healthy products.

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BUSINESS

Cybersecurity team to assist banks

Business, Suchit Leesa-nguansuk, Published on 16/08/2017

» The Thai Bankers' Association plans to form a Thai Bank Computer Emergency Response Team (CERT) to share information regarding cybersecurity threats among members.

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BUSINESS

B.Grimm plotting to boost capacity

Business, Yuthana Praiwan, Published on 16/08/2017

» SET-listed B.Grimm Power Plc, the power-generation arm of the B.Grimm conglomerate, is in talks with several operators on possible mergers and acquisitions (M&A) to gain capacity in the coming years.

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BUSINESS

AoT profits from growth in tourism

Business, Boonsong Kositchotethana, Published on 16/08/2017

» SET-listed Airports of Thailand Plc (AoT) posted a nearly 8% increase in net profit for the quarter to June, buoyed by the continued increase in air traffic.