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Thai Smile new Thai Airways low-cost carrier to start next year

Thai Airways Internationals executive board THAI meeting today approved Thai Smile as the name of the national flaf carriers lost-cost airline, set to be in operatin in the middle of next yea

Boris Sullivan

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Thai Airways Internationals executive board THAI meeting today approved Thai Smile as the name of the national flaf carriers lost-cost airline, set to be in operatin in the middle of next year, according to airline president Piyasvasti Amranand.

Thai Wings was previously selected but changed, as THAI staff participated in choosing the new name.Thai Smile will have 11 new aircraft, four of which will be 174-seat Airbus A320s, to be received early next year.THAIs lowcost business unit managing director Capt Woraneti Lahprabang said the airline will use Suvarnabhumi Airport as its main hub to operate flights to provinces such as Chiang Rai, Surat Thani, Ubon Ratchathani, and Udon Thani.

The units airline is expected to start making profits in 2013 of Bt5 billion on average, while it is also to consider opening international flights and indicating routes in the same year.Personnel for the unit will be from THAI and from THAIs subsidiary companies.

Meanwhile, there has been no progress regarding the setting up of lowcost Thai Tiger Airways, an earier proposed joint venture of THAI and Singapores Tiger Airways. THAI executives consider the matter again at a later date. MCOT online news

via Thai Smile approved as name of THAIs new low-cost carrier, in operation next year.

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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.

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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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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

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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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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.

Olivier Languepin

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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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