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Thai Airways back to profit

Thai Airways International Public Co., Ltd. has reported an increase in its first quarterly profit, which stands at 3.64 billion baht, while adjusting its strategies to deal with the rising fuel price and fierce competition.

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Thai Airways International Public Co., Ltd. has reported an increase in its first quarterly profit, which stands at 3.64 billion baht, while adjusting its strategies to deal with the rising fuel price and fierce competition.

Thai Airways President Piyasvasti Amranand has disclosed that the national carrier has made a net profit of 3.64 billion baht during the first quarter of 2012, thanks to the increased foreigner influx into the country following the end of the flood crisis. Even though the rising fuel price and the fierce market competition at present are still impacting the company’s overall performance, Thai Airways has responded by improving its services, adjusting ticket sales strategies, as well as modifying flight schedules, routes and frequencies, in order to correspond to the passengers’ needs.

During the first three months of 2012, Thai Airways saw a total passenger count of 5.16 million, a Revenue passenger kilometer (RPK) of 15.6 billion/km, and 78.2% in cabin factor. THAI reports THB3 bil profit in Q1 : National News Bureau of Thailand

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Corporate

The environmental case for remote working

Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.

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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.

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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.

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