Corporate

Thai Airways to lose Bt3 bln ($97 million) revenues in Q4

Thai Airways International (THAI) will lose about Bt3 billion in revenues in Q4 due to the flood crisis, THAI President Piyasvasti Amranand said

Published

9 years ago

December 7, 2011

Akanksha Singh

Thai Airways International (THAI) will lose about Bt3 billion in revenues in Q4 due to the flood crisis, THAI President Piyasvasti Amranand said Tuesday.

Surveying the airline’s damage at flood-hit Don Mueang Airport, he said the number of tourists from South Korea, Japan and China dropped 40 to 50 per cent owing to travel advisories to Thailand from their countries, resulting in a drop in cabin load factors in November to 61 per cent from 72 per cent year-on-year.

Floodwaters surrounding the capital’s second airport have receded and the area has become dry again.

Two Thai Airways International (THAI) Airbus A300-600 aircraft were previously parked outside a hangar and water covered their wheels. Workers had covered the wheelbases with plastic, said THAI’s Heavy Maintenance Department director Wuttichai Saguanmoo.

According to Mr Piyasvasti, the more than a month-long flood crisis has damaged the airline’s aircraft repair buildings, equipment, and administration buildings. Insurance was carried with two companies, with initial insurance coverage at Bt300 million per building.

via Flood crisis causes Bt3 bln national carrier loss in Q4.

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

4 weeks 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

1 month 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

2 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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