Connect with us

Business

Airports of Thailand sees lower investment over 5 years

Avatar

Published

on

Airports of Thailand AOT.BK, the country’s main airport operator, said on Monday investments over the next five years should cost less than a projected 80 billion baht ($2.39 billion) due to a decline in construction costs.

Loading...

President Serirat Prasutanond told reporters the company would conclude its investment plans in November, mostly covering an expansion of Bangkok’s Suvarnabhumi airport, including a domestic terminal and a third runway.

“We will review our investment plans and want it lower. Construction costs have come down in line with weak demand and the poor economy. It should be a good opportunity for us,” Serirat said.

Majority state-owned AOT operates the country’s six main airports, Suvarnabhumi and Don Muang in Bangkok, Hat Yai, Chiang Mai, Chiang Rai and Phuket, which handle around 90 percent of air traffic in the country.

The company planned to spend 5.8 billion baht to expand capacity at Phuket airport to serve up to 12 million passengers a year versus 6 million now, Serirat said.

via UPDATE 1-Airports of Thailand sees lower investment over 5 yrs | Reuters.

Business

Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

Avatar

Published

on

On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

Loading...
(more…)

Continue Reading

Business

Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)

The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.

Avatar

Published

on

By

The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.

Loading...
(more…)

Continue Reading

Business

Asia-Pacific sees 3.9% growth in deal activity in February 2021

Boris Sullivan

Published

on

Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,072 other subscribers

Latest

Trending