Corporate

Thai Airways to buy 75 aircraft in next decade

Thai Airways International Public Co, Ltd (THAI) plans to buy 75 aircraft plus spare engines between 2011-2022 at the total cost of about Bt457 billion with an aim to developing its routes and increase earnings and to decommission aging aircraft, according to THAI president Piyasvasti Amranand.

Published

10 years ago

February 27, 2011

Aishwarya Gupta

Thai Airways International, the nation’s biggest carrier, said full-year profit more than doubled to the highest since the company’s shares were listed in 1991.

Net income was 15.3 billion baht, or 8.39 baht per share, compared with 7.34 billion baht, or 4.32 baht, a year earlier, the company said on Saturday.

Thai Air, which lost 21 billion baht in 2008, has sought to modernise its fleet and cut costs as it competes with Singapore Airlines and regional carriers to carry travellers to beach resorts including Phuket. The board yesterday approved a plan to order 38 aircraft between 2018 and 2022, in addition to the 105 planes it aims to add by the end of 2017.

Thailand performs well compared to other countries in the region on many aspects of government regulations and regulatory procedures that facilitate business. According to the latest annual World Bank’s Doing Business report, in 2008 Thailand ranks 13th among over 180 countries and 4th in East Asia in the ease of doing business. The ease of doing business is measured by quantitative indicators of regulatory requirements and procedures in ten areas in the life cycle of typical small and medium enterprises (SMEs) in the largest city in a country.

They include, for example, the number days, steps, and cost needed to obtain business licenses, registering property, clear customs, pay taxes, and close a business. It only takes 2 steps and 2 days to register property in Thailand, on of the fastest in the world. Progress over the recent years has been particularly on the improvements in the customs process after the introduction of the internet-based customs clearance system, which has reduced the number of required documents and time taken to clear customs for exports.

Original post:
THAI to buy 75 aircraft plus parts between 2011-2022

Corporate

Giant Thai-Chinese wholesale hub opens in Bangkok’s Pratunam

The region’s largest wholesale hub features products from China at wholesale prices, and products from Thai manufacturers to export to China.

Published

2 months ago

December 1, 2020

Pr News

Asset World Corporation (AWC) has launched the region’s largest wholesale hub in the Pratunam area of Bangkok, housed in the old Pantip Plaza tech mall.

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Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Published

2 months ago

November 26, 2020

Pr News

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

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Corporate

Thailand’s antitrust agency under scrutiny over $11 Billion Tesco Deal Approval

With the Tesco deal approved, CP Group will gain control over a network of about 2,000 hypermarket and grocery stores across Thailand, and the group already operates 7-Eleven convenience stores and the Siam Makro chain.

Published

3 months ago

November 9, 2020

Olivier Languepin

Thailand’s largest conglomerate, Charoen Pokphand Group (CP) won on Friday the Thai antitrust agency’s approval for acquisition of retail giant Tesco Lotus: the Office of Trade Competition Commission (OTCC) voted 4:3 in favour of the US$10-billion takeover deal.

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