Connect with us

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

Avatar

Published

on

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

Loading...

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.

Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

Pr News and BOI

Published

on

The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

Loading...
(more…)

Continue Reading

Corporate

The 3 key barriers to remote working (and how to overcome them)

COVID-19 created the world’s largest remote working experiment and, for many, showed just how possible it was for employees to do their jobs without being at the office.

Daniel Lorenzzo

Published

on

Following the real-world experiment with remote working, it’s time for business leaders to re-examine their previous misgivings, and explore how to adopt flexible working in the long term

Loading...
(more…)

Continue Reading

Corporate

Digital transformation: what will be the long‑term effect of Covid‑19?

For many businesses, the Covid-19 pandemic was the catalyst for their organisational caterpillar to evolve toward digital transformation. Yet following the crisis, it remains to be seen which companies will emerge with wings – and which will simply be crawling along slightly faster than before.

Daniel Lorenzzo

Published

on

The outbreak of Covid-19 forced the rapid adoption of remote working practices and an acknowledgment of the importance of digital transformation. Following the pandemic, what will the lasting impact be?

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

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

Join 14,079 other subscribers

Latest

Trending