National airports operator Airports of Thailand (AoT) has posted a 90% drop in profit for the fiscal year ending 30 September, after it was hurt by the economic downturn and political unrest. Total revenue fell 20% to 21.5 billion baht ($647 million) from 26.7 billion baht in the corresponding period last year, says AoT.
Net profit decreased 90% to 717 million baht from 7.3 billion baht a year ago, it adds.
“The decrease on the financial performance was mainly due to the worldwide economic recession together with the 2009 flu pandemic and the domestic unrest situation which had caused an adverse impact to Thailand’s tourist industry,” says senior executive VP planning and finance Supaporn Burapakusolsri.
Thai Government Launches “Factory Sandbox” Scheme to Protect 3 Million Jobs
The plan will focus on plants which employ at least 500 people and will build confidence among both Thai and foreign investors at a time when supply chains in rival countries are shutting down.
BANGKOK (NNT) – Thailand’s government has launched a pilot “Factory Sandbox” program to test, vaccinate and isolate factory workers, with the aim of limiting COVID-related disruptions to Thailand’s important export-driven manufacturing sector.(more…)
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