Corporate

Thai Airways plans to increase stake in Nok Airlines up to 60%

Published

11 years ago

February 17, 2010

Wassana Kasemchai

Thai Airways International plans to increase its stake in Nok Airlines to as much as 60% in order to exert more control over the low-cost carrier. The flag carrier previously said it would raise its stake in Nok to 49% from 39%, but THAI now wants to increase this to 59% or 60%.

Senior THAI executives said increasing the stake was an essential part of building co-operation between the two airlines, which would end in Nok assuming the bulk of the national carrier’s domestic services.

As many as nine of THAI’s 12 domestic routes are no longer economically viable for the flag carrier due to its high cost structure and intense competition from Thai AirAsia and other low-cost airlines.

THAI plans to finance the increased stake in Nok through its own capital and THAI’s provident fund and employees’ welfare fund, said THAI executives.

via TG may lift Nok stake.

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.

Published

2 weeks ago

March 26, 2021

Daniel Lorenzzo

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

(more…)

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.

Published

3 weeks ago

March 23, 2021

Daniel Lorenzzo

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?

(more…)

Corporate

Fitch Ratings Expects Improvement of Thai Corporates’ Credit Outlook

Fitch said the outlook for the food retail sector in 2021 would remain stable as earnings rebound, while the outlook for the building material and power & utilities sectors to be stable in the coming years.

Published

3 weeks ago

March 22, 2021

National News Bureau of Thailand

BANGKOK (NNT) – The credit rating agency Fitch Ratings expects Thai corporates’ credit outlook to improve this year as vaccination is rolled out and economic activity recovers.

(more…)