XPG eyes profit surge next year
SET-listed XSpring Capital (XPG), formerly known as Seamico Securities Plc, expects to gain minimum net profit of 100 million baht this year and is targeting a profit surge next year, in line with strong growth in the digital asset business. Rathian Srimongkol, chairman of XPG, said the comprehensive ecosystem of the company's digital asset business as well as low-base factor would contribute to profit growth. Full-range licences of digital asset service and partnership strategy are the key factors in building up the company's comprehensive ecosystem. For the first half of this year, the company booked net profit of 65 million baht. Apart from the new S-curve digital asset market, our low-base is another key factor contributing profit at an aggressive growth rate," he said.
Source:Bangkok Post
August 17, 2021 23:48 UTC
Central Restaurants revamp eyes growth
Tanapoln Tunpasit, the company's head of the Thai & Chinese Cuisine Group, which include Thai Terrace, Aroi Dee, Kowlune, and Somtam Nua brand. Central Restaurants Group, the operator of KFC, Mister Donut, Aroi Dee and Thai Terrace, is ramping up its Thai and Chinese cuisine business to stay competitive amid the challenges of the Covid-19 pandemic. Thai and Chinese cuisine is one of the four core cuisine business units of Central Restaurants Group, which recently completed a restructuring. Under the business restructuring, the existing 16 brands of the Central Restaurants Group are divided into four cuisine groups: bakery and beverage cuisine; Thai and Chinese cuisine; Western & quick service restaurant cuisine and Japanese cuisine. Currently, the Central Restaurants Group operates a total of 67 branches of Thai and Chinese Cuisine brands in Bangkok.
Source:Bangkok Post
August 17, 2021 23:48 UTC
TAT hopes Sputnik V nod will lure Russian visitors
TAT hopes Sputnik V nod will lure Russian visitorsPattaya is a popular destination for tourists from Russia. (Photo: Chaiyot Pupattanapong)Thai tourism hopes to add 500,000 Russian visitors to its 1 million international tourists this year after the Sputnik V vaccine was endorsed for the sandbox programme, says the Tourism Authority of Thailand (TAT). "Russia was one of our tourism sources with 1.4 million visitors prior to the pandemic. An influx of Russian tourists to Greece and Turkey amid the pandemic proves that there's demand from this market," said TAT governor Yuthasak Supasorn. After the Centre for Covid-19 Situation Administration (CCSA) allowed tourists who have been vaccinated with Sputnik V to visit sandbox destinations, TAT hopes to lure at least 500,000 Russian tourists this year which will help beef up total foreign visitors to 1 million.
Source:Bangkok Post
August 17, 2021 23:48 UTC
Targets set for new PTT businesses
Targets set for new PTT businessesNational oil and gas conglomerate PTT Group says it intends to maintain the momentum of its new business development, including electric vehicles (EVs), over the next five years. It wants to have new businesses generate 30% of net profit by 2030, whereas last year the new businesses made up less than 1% of total net profit. PTT on Tuesday reported a 23% growth in revenue in the first half of this year to 1.011 trillion baht, up from 824.9 billion baht. Net profit increased fivefold to 57.16 billion baht, up from 10.5 billion baht in the same period last year, said Mr Auttapol. Capital expenditure for PTT is set at 865 billion baht, an increase from 851 billion baht.
Source:Bangkok Post
August 17, 2021 23:48 UTC
A true Olympian
Being the youngest, she went to various sports stadiums to watch her father and siblings compete. Of course, winning would put a smile on his face, which means the world to me," said the Olympian, whose future goal after retirement is to build a taekwondo coaching academy. Her father Sirichai might have brought home the paltry salary of a civil servant, but she said he never complained. Taekwondo gold medalist Panipak Wongpattanakit with her father Sirichai. It is as if I made the dream he once had for himself come true."
Source:Bangkok Post
August 17, 2021 23:48 UTC
TQM expects B500m from added cover
TQM expects B500m from added coverMr Unchalin says the home insurance market still has plenty of room to grow. TQM Corporation, a SET-listed insurance broker, plans to extend the coverage of its new home insurance to all insurance risks, in addition to fire, to penetrate the home insurance market of over 20 million units. The company expects to gain 500 million baht in revenue from the product this year and aims to reach 15.93 billion baht in the next five years. The product is aimed to help the company penetrate the home insurance market of over 20 million units at present. Mr Unchalin, top left, reiterated that the home insurance market still has plenty room to grow.
Source:Bangkok Post
August 17, 2021 23:48 UTC
Heng Leasing readies listing on stock exchange
Heng Leasing readies listing on stock exchangeMr Wichai sees growth opportunities. Heng Leasing and Capital Plc, a consumer loan firm, plans to list on the Stock Exchange of Thailand (SET) and expand its consumer loan products nationwide. The proceeds will be used for business expansion nationwide, beside its existing stronghold in the North, said Sutharntip Phisitbuntoon, chief executive of Heng Leasing. Presently, it offers both secured and unsecured loan products including automotive leasing loans, car title loans, and land and building loans as well as nanofinance. Automotive leasing loans cover several types of vehicles both individually and commercially in the agricultural, construction and transportation sectors.
Source:Bangkok Post
August 17, 2021 23:48 UTC
AirAsia joins crowded food market
AirAsia joins crowded food marketAs part of the launch, airasia food provides a major incentive campaign to draw new customers. Thailand's online food delivery competition is expected to intensify with Malaysia-based AirAsia Group's launch of the airasia super app and the rollout of its "airasia food" delivery service. As part of the launch, airasia food has launched a major incentive campaign to attract new customers. Airasia food also aims to expand into other regions such as Phuket and Chiang Mai in the near future. As part of the launch, airasia food is offering a 5% commission fee to support food merchants until the end of October.
Source:Bangkok Post
August 17, 2021 23:37 UTC
Police deny firing live ammunition
A forensic expert measures bullet holes in a wall near Din Daeng police station during an investigation into a shooting on Monday night. Nutthawat WicheanbutPolice have denied firing live ammunition at protesters of the Thalu Fah group during chaotic scenes in front of Din Daeng police station on Monday night, saying only rubber bullets were used. A video clip was posted on social media with a voice-over alleging that at about 8.45pm, Din Daeng police opened fire at protesters with live ammunition and some of them were hit. "Live ammunition was fired [at the protester] but it did not come from police," Pol Lt Gen Pakkapong said. At around 5pm, a crowd of protesters converged at Din Daeng intersection where they were confronted by the police.
Source:Bangkok Post
August 17, 2021 23:37 UTC
Govt defends its purchase, use of Sinovac to fight Delta strain
Govt defends its purchase, use of Sinovac to fight Delta strainThe government has defended the use of the Sinovac vaccine and its plan to purchase 12 million more doses to combat the Delta variant of Covid-19 after the most recent study of those who received two doses of Sinovac showed satisfying results. The public called for the government to instead procure mRNA vaccines which many believe are better than Sinovac. "We need to provide vaccines to as many people as possible. We are going to order 12 million more doses of Sinovac to combine with the limited amount of AstraZeneca," he told the press conference. Taweesap Siraprapasiri, the ministry's expert, said that the ministry has just finished its study of Covid-19 vaccines' efficacy on 3,901 medical staff countrywide.
Source:Bangkok Post
August 17, 2021 23:37 UTC
Nobel laureate Malala Yousafzai: 'I fear for my Afghan sisters'
Nobel laureate Malala Yousafzai: 'I fear for my Afghan sisters'Nobel laureate Malala Yousafzai survived a Taliban assassination attempt at 15 in rural northwest Pakistan. NEW YORK - Nobel Prize laureate Malala Yousafzai on Tuesday wrote "I fear for my Afghan sisters" in an op-ed published in The New York Times in the wake of the Taliban's stunning takeover. "We will have time to debate what went wrong in the war in Afghanistan, but in this critical moment we must listen to the voices of Afghan women and girls. They are asking for protection, for education, for the freedom and the future they were promised," Yousafzai, 24, wrote. "Afghan girls and young women are once again where I have been -- in despair over the thought that they might never be allowed to see a classroom or hold a book again."
Source:Bangkok Post
August 17, 2021 19:41 UTC
West faces wrenching choice on dealing with Taliban
West faces wrenching choice on dealing with TalibanTaliban spokesman Zabihullah Mujahid (centre) addresses the first press conference in Kabul following the Taliban's stunning takeover of Afghanistan. WASHINGTON - After two decades trying to destroy the Taliban, Western powers face the wrenching decision of whether to deal with the Islamist insurgents who have taken over Afghanistan. But the United States still wields unrivaled influence with international lenders and can enforce rigorous sanctions, putting conditions on assistance needed to rebuild the war-battered country. - Grudges linger -The United States does not forgive quickly when it comes to diplomatic recognition. It took two decades after the fall of Saigon for the United States to establish relations with communist Vietnam, with which Washington now maintains cordial ties.
Source:Bangkok Post
August 17, 2021 17:37 UTC
Security through obscurity no longer works
Secrecy in cyber security puts everyone at risk: the company, its customers, and its suppliers. Electric vehicles serve as a good example of the value of openness in cyber security. These centres operate under the philosophy that involving more eyes and more hands will make cyber security stronger. Cyber security has become too important to leave to a few nameless IT experts working deep in the bowels of a bank, government agency, or hospital. Mika Lauhde is global vice president for cyber security and privacy at Huawei Technologies
Source:Bangkok Post
August 17, 2021 11:37 UTC
Hua Hin sterilising pesky macaques
Hua Hin sterilising pesky macaquesA veterinarian sterilises a macaque on Tuesday in Hua Hin, Prachuap Khiri Khan. (Photo: Chaiwat Satyaem)PRACHUAP KHIRI KHAN: The annual sterilisation programme to reduce the number of macaques pestering residents and visitors at popular tourist spots in Hua Hin began on Tuesday. Hua Hin Municipality mayor Nopporn Wuthikul said the current programme was launched in 2017 under a memorandum of understanding between the municipality and the Phetchaburi-based Conservation Administration Office 3 of the Department of National Parks, Wildlife and Plant Conservation with funding of 1.1 million baht. He said since the launch of the programme, thousands of macaques, both male and female, had been caught, sterilised and released. There were now more than 3,000 macaques in the areaEvery macaque that is steralised is marked before it is released, Mr Nopporn said.
Source:Bangkok Post
August 17, 2021 09:56 UTC
China using Thai solar plant to circumvent US sanctions
China using Thai solar plant to circumvent US sanctions - groupFILE PHOTO: Electrical workers use a boat as they check solar panels at a photovoltaic power station built in a fishpond in Haian in China's eastern Jiangsu province. The petitions argue that this creates an obvious route to circumvent US tariffs against Chinese solar products. The call from the American companies comes amid increased US pressure against China’s solar industry as the Biden administration cracks down on alleged labour abuses in the Xinjiang region. Canadian Solar Inc warned this week that all panel imports from China risk being detained by US Customs. The petitions name several of China’s largest solar manufacturers, including Longi Green Energy Technology Co, Trina Solar Co, JinkoSolar Holding Co and JA Solar Technology Co.
Source:Bangkok Post
August 17, 2021 07:41 UTC