The Bangkok Journal

21/11/2023

Bangchak received the Prestigious Global Performance Excellence Award 2023 - World Class Bangchak Phra Khanong Refinery.



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21/11/2023

Raimon Land Plc (RML)has closed sales of ‘The Estelle PhromPhong’ with 146 units, worth 5.2 billion baht in total, have been sold out.



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20/11/2023

Thai economy in 2024 is projected to grow by 3.2% excluding 10,000 baht digital wallet scheme.

17/11/2023

AWC partners with IHG to develop their first two luxury hotels worth 1.5 billion baht in Chiang Rai under InterContinental and Kimpton brands.

AWC partners with IHG to develop their first two luxury hotels in Chiang Rai under InterContinental and Kimpton brands with total investment 1.5 billion baht, drawing global travelers to the northernmost province of Thailand.

&Resorts

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17/11/2023

Cotco Metal Works Plc has been the first customer participating in the T-VER PoA with EXIM Thailand.



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16/11/2023

Bank of Ayudhya partners with BE8 to elevate data management technology to provide better financial service

Bank of Ayudhya, or Krungsri Bank, partners with Beryl 8 Plus to drive digital transformation with the latest innovation and technology to increase competitive advantage and broaden financial products and services to better meet the needs of customers more comprehensively.



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16/11/2023

Raimon Land Plc’s 9-months presales reach 1.60 billion baht

Raimon Land Plc (RML), a leading luxury and ultra-luxury real estate developer, announced presales results for the first 9 months of 2023 at 1.60 billion baht, a 11% increase from 1.44 billion baht from the same period last year.



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16/11/2023

TCAP reported 1.93 billion baht of net profit forQ3.



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16/11/2023

Bangchak notifies a name change, Esso (Thailand) is now Bangchak Sriracha Plc.



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15/11/2023

Go ahead a 10,000-baht digital wallet scheme.

14/11/2023

BoI targets to convince at least 100 high technology companies to invest in Thailand within four years.

The Board of Investment (BoI) aims atleast 100 high technology companies to invest in Thailand within four years which hire up to 10,000 high skill workforces.

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13/11/2023

Pruksa Holding achieved net profit of 2.08 bn in the first nine month.

"Pruksa Holding" (or PSH) announces its performance results for the first nine months of 2023, achieving a net profit of 2.08 billion baht, marking a 30% growth while total revenue of 19.90 billion baht, showing a 9% increase.

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13/11/2023

WHA Group reported Q3/2023 performance with profit increase 141%(YoY)and green light for dividend payment of 0.0669 baht per share

11/11/2023

The government will draft a bill to borrow 500 billion baht to move ahead its digital wallet scheme.

10/11/2023

BoI’s office in Saudi Arabia’s Riyadh will be operated next year

10/11/2023

EXIM Thailand appoints head of SMEs Business Department.

EXIM Thailand appointed Mrs. Nanda Lertsakthanakul as head of SMEs Business Department, taking effect from November 1, 2023 onwards.

Export-Import Bank of Thailand (EXIM Thailand) appointed Mrs. Nanda Lertsakthanakul as head of SMEs Business Department, effective from November 1, 2023 onwards, to be in charge of supporting and uplifting SMEs’ potential for export start-up or expansion.

Mrs. Nanda holds a Master of Arts and Bachelor of Business Administration from Thammasat University. Working for EXIM Thailand since 1997, she assumed the positions of assistant vice president of Product Development Department and assistant vice president of SMEs Business Department in 2021 and 2023, respectively.

10/11/2023

CKPower announced 1.02 billion baht Q3/2023 net profit

10/11/2023

BTS Group Holdings PCL has been listed in the SET ESG Ratings for the 5th consecutive year.

BTS Group Holdings PCL was included in the SET ESG Ratings Awards 2023 (previously known as Thailand Sustainability Investment List or THSI) for the 5th consecutive year by the Stock Exchange of Thailand (SET), with this year being ranked with an “AA” ESG rating within the Services sector.

This inclusion has reflected BTS Group’s unwavering commitment to further developing its Environmental, Social and Governance (ESG) practices as an essential part of the company ‘s operational identity.

09/11/2023

Steady growth in 9-month results with 1,555 project applications and a combined value 516.8 billion baht.

09/11/2023

WHAUP signed with AAT to purchase power 8-MW from the floating solar.

09/11/2023

BCPG announces business performance in Q3/2023 with a 181% core profit increase.

BCPG Plc and its subsidiaries announced their operating results in Q3/2023 with total revenue of 1.56 billion baht, a 43.1% increase from Q2/2023 (1.09 billion baht) and a 1.3% increase from Q2/2022 (1.54 billion baht).

Mr Niwat Adirek, president and CEO of BCPG Plc said the company’s total net profit and core profit accounted for 565 million baht and 492 million baht or a 181 % increase and a 169.2% increase from the last quarter respectively.

The major contributors were higher revenue from green power plant; full revenue recognition of oil terminal in Thailand; an increase in contribution from natural gas power plants in the US.

“In this quarter, we gained higher revenue from hydropower plants, Nam San 3A and Nam San 3B, thanks to higher rainfall in Laos. The monsoon season in Thailand and higher irradiation in Japan also enhanced the performance of wind power plant and solar power plants respectively. In addition, we could achieve full revenue recognition from an oil terminal in Thailand and secure higher contributions from natural gas power plants in the US due to two new natural gas projects, with a total production capacity of 426 MW, and an increase in electricity demand”, said Mr Niwat.

08/11/2023

Inflation decreases for the first time in 25months.

08/11/2023

193 listed companies passed criteria of SET ESG Rating.

08/11/2023

EXIM Thailand donates income from sale of products under EXIM strengthening vulnerable woman entrepreneurs project to Ramathibodi Foundation.

Mr. Charat Rattanaboonniti, executive vice president of the Export-Import Bank of Thailand (EXIM Thailand), and Dr. Wichai Limpitikranon, senior manager of the Business and Economic Development Department, Kenan Institute Asia, recently presented the income generated from the sale of prototype products under the ‘EXIM Strengthening Vulnerable Women Entrepreneurs Project’ to the Ramathibodi Foundation under the Patronage of Her Royal Highness Princess Maha Chakri Sirindhorn. The handover took place at the Ramathibodi Building, with the presence of Assistant Professor Supatra Leelaphiwat, Advisor to the Executive Board of the Ramathibodi Foundation.

08/11/2023

UOB supports Bangchak Group with financing facilities for trade operations and transition to low-carbon fuels.

United Overseas Bank (UOB) has announced its financing support to Bangchak Corporation Plc as the company scales up the business in Thailand with the vision to pioneer sustainable energy with low-carbon fuels.

Bangchak Corporation is the first company in Thailand to receive UOB’s Transition Finance Framework, which is designed to assist carbon-intensive companies in their decarbonization journeys.

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07/11/2023

Saudi Arabia’s EV manufacturers Ceer and Lucid are convinced to use Thailand as their production base to supply to Asean market.

06/11/2023

Thai Union’s Q3 net profit rises 17.2% on quarter to 1.2 billion baht, with strong gross profit margin at 18.4%

Thai Union Group PCL reported its third quarter earnings for the period ended September 30, 2023, booking sales of 34 billion baht, a slight drop of 0.9 % from the previous quarter.

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06/11/2023

EGCO Group successfully issues 7 billion baht green debentures with 3 times oversubscription, reflecting strong trust from investors

Electricity Generating Plc( EGCO Group) successfully offered its first green debentures with a total issue size of 7 billion baht to institutional and high-net-worth investors, which were oversubscribed by three times of their issuance target. This success underscores investors’ confidence in the company’s directions to broaden clean energy development and achieve Net Zero goal within 2050.

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03/11/2023

DPA bolsters confidence in the Thai deposit protection scheme

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03/11/2023

BTS Group has successfully issued and offered 15.06 billion baht debentures

03/11/2023

Central Retail thrives in Vietnam, secures top position reputable retail company award for the 3rd consecutive year

02/11/2023

To propose the cabinet this month for a subsidy rate for EV cars

The National EV Policy Board will propose the cabinet by this month to approve a new subsidy rate for electric vehicles.

Mr. Narit Therdsteerasukdi, the secretary general of the Board of Investment (BoI) and the executive committee secretariat of the National EV Policy Board said the relevant agencies will discuss further to stipulate the subsidy rate as appropriate, and a schedule to propose the cabinet’s approval by this month.

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Business News of Thailand

01/11/2023

Approval for Global Consumers and Agri Life Trading LLC to sign MOU for partnership and study to merge

Global Consumers Plc ("Global Consumers") and Agri Life Trading LLC ("Agri Life") announced their agreement to study a possible merge, following the approval of the boards of both companies.

The memorandum of understanding marks a significant milestone in their shared goal of expanding their presence in the global food market - was bought possible through the Siraj Fund.

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01/11/2023

SET welcomes complete fertility service provider “SAFE”
on Nov 2

01/11/2023

S.C.L. Motor Part pcl, an automotive parts distributor is traded today under the ticker symbol “SCL”.

The company has a market capitalization at its initial public offering (IPO) of 385 million baht (approx. USD 10.66 million).

mai president Prapan Charoenprawatt said SCL will be listed and start trading on mai in the Industrials industry group.

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31/10/2023

To waive visa fees for Indian and Taiwanese visitors to boost Thai tourism

The cabinet approved to waive visa fees for Indian and Taiwanese visitors for six months in a bid to boost tourism industry during high season.

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31/10/2023

SET welcomes medical equipment manufacturer and distributor “NAM” this October 31

The Stock Exchange of Thailand (SET) lists Namwiwat Medical Corporation pcl, a leading manufacturer, importer, and distributor of consumer products industry group, personal products & pharmaceuticals sector on October 31, under the ticker symbol "NAM".

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30/10/2023

Xayaburi Power achieves remarkable success with oversubscribed 3.5 billion baht green bond issuance.

Underscoring investors’ confidence and commitment to low-carbon society.

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28/10/2023

PTTEP’s the 9-month revenue -USD 6.64 million.

PTTEP announces that its 9-month operating performance of 2023 achieved as planned.

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28/10/2023

Nestlé Professional organizes little local chefs activity to celebrate international chefs day by upgrading local Ingredients to produce tasty menus for Thai kids 👩‍🍳🧑‍🍳

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