Corporate
Advanced Info Service (AIS) mobile operator posts 4% annual net profit rise
Advanced Info Service (AIS) extended its lead in Thailand’s mobile market in the fourth quarter of 2009 by adding a net 490,600 new subscribers, higher than closest rival DTAC’s 386,000 net quarterly additions.
AIS’ rate of take-up also increased from its third-quarter increase of 380,300, and by the end of December 2009 it had a total of 28.8 million subscribers, compared to DTAC’s 19.7 million. AIS also booked a fourth quarter net profit of THB4.1 billion (USD123.6 million), a near-tenfold increase on the THB420 million it posted in the same period of 2008, although its business in the year-ago quarter was negatively affected by political protests which closed Bangkok's international airports and led to reduced network traffic.
The year-on-year rise in 4Q09 net income followed four consecutive quarters of annualised decreases in AIS’ bottom-line. For the full year 2009, the cellco recorded a net profit of THB17.1 billion, up by 4% compared to the previous year. The Shin Corp subsidiary announced that it will cut its investment budget for 2010 to a record low of THB6.2 billion, largely because of the ongoing delays to Thailand’s 2100MHz 3G mobile licensing.
via AIS posts 4% annual net profit rise: CommsUpdate : TeleGeography Research.
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.
During the pandemic, the environmental and societal benefits of working at home quickly became apparent. How can businesses protect these benefits in the future?
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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.
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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