capital
- Business News
Kerry Express delivers 2.8 billion new shares
Kerry Express (Thailand) Plc (KEX) announced a significant capital increase through the issuance of up to 2.8125 billion new ordinary shares, each with a par value of 0.50 baht. These shares will be offered to existing shareholders for 3.20 baht per share in a rights offering. SF Express Group, which holds a 62.7% stake in KEX, has confirmed its intention…
- Business News
New VC funds to boost startup growth in 2024
This year, the growth of startups is anticipated to see a significant boost as several new venture capital (VC) funds emerge, following a period of slowed activity during the pandemic and recent crypto winter. Among these is the Finno Efra Fund, valued at 1.3 billion baht, co-established by EfraStructure and Krungsri Finnovate, with operations set to commence in March. Pawoot…
- Business News
Chirathivat family’s CG Capital kickstarts with 10 billion baht
The Chirathivat family’s private equity fund, CG Capital Advisory, is kicking off its operations with an impressive 10 billion baht. The fund aims to capitalise on the recovering tourism sector by investing in hospitality and real estate. CG Capital, spearheaded by Phoom Chirathivat, partnered with prominent institutional investors to channel this fund into investments in hotels and tourism-related businesses. These…
- Business News
Digital infrastructure to revolutionise Thailand’s capital market
A revolutionary digital infrastructure has been established in Thailand’s capital market, following collaborative efforts by the Stock Exchange of Thailand, the Association of Thai Securities Companies, and the Thai Bankers’ Association. The state-of-the-art system, aimed at fully electronic end-to-end bond offerings, was presented in an attempt to enhance the Thai market’s efficacy and transparency. This dynamic solution covers a broad…
- Bangkok News
Bangkok to be officially named “Krung Thep Maha Nakhon”
The official for Thailand’s capital is in the process of being changed to its more formal name “Krung Thep Maha Nakhon,” but its common name “Bangkok” will still be recognised. The Thai Cabinet approved the name change in principle, but the order still needs to be vetted by government officials. Krung Thep Maha Nakhon, or “Krung Thep” as most Thais…
- World News
Smoke blankets over Laos capital Vientiane, landfill fire releases toxic fumes
Clouds of toxic smoke billowed over the Laos capital of Vientiane after a fire broke out at a landfill over the weekend, according to the local media outlet Laotian Times. Authorities have yet to issue a comment about what caused it. Smoke blanketed the skies in and surrounding the Xaythany District, causing locals to complain about the stink over the…
- Travel
The best places to visit in Old Bangkok
Old Bangkok has many original charms that are reminiscent of Thailand’s history. From the iconic Great Wall to the world’s largest Chinatown, many exciting sights can be had away from the hustle and bustle of modern Sukhumvit. Here, is where tourists can find exotic experiences that offer a bit of education and amazing photo opportunities. 1. Kudi Jin Bangkok’s Portuguese…
- Covid-19 News
Lockdown decision expected tomorrow for Bangkok
A full lockdown decision is expected tomorrow for Thailand’s capital of Bangkok after record daily Covid-19 infections have sent the city into a frenzy trying to stop the spread of the virus. The Centre for Covid-19 Situation Administration is expected to make the recommendation which will be forwarded to the full committee chaired by PM Prayut Chan-o-cha. The CCSA will…
- Business News
Thai delivery app merger gets 3.5 billion baht boost
Homegrown Thai delivery app Line Man is merging with its longtime partner, online restaurant review platform Wongnai Media. Line Man has secured fresh capital investment worth US$110 million (3.5 billion baht) from BRV Capital Management to bolster the new entity. The merger marks the first time any member of the Japan-based Line Group has secured a financial investment of this…
- Tourism News
Thailand’s hotel industry pushing ahead with recovery
Optimism is building in some corners of the hospitality industry as Thailand pushes ahead with it Covid-19 recovery phases. Occupancy rates in at least Bangkok and Phuket are likely to bottom out soon with the lifting of travel restrictions, according to JLL Hotels & Hospitality Group. Thailand’s hotel industry is now entering a recovery phase following the country’s decision to issue a…
- Things To Do
The top 10 most expensive condominiums in Bangkok
Bangkok is never short on luxury condominiums, and one new project keeps overtaking the others, in terms of price and amenities. Here are the 10 most expensive condominium units in Bangkok for sale, in 2020. The most expensive condominium on the list is priced at 650 million baht (20 million US$). Which one is for you? No.1 98 Wireless –…
- Northern Thailand News
Bangkok, Chiang Mai and Chiang Rai – all suffering choking smog today
The whole Bangkok and its suburbs is suffering from excessive PM2.5 dust and smoke particles in the air today. Around the city the readings have been uniformly ‘unhealthy’ for the entire day with readings as high as 188 particles of 2.5microns per cubic metre. Putting a stamp on the whole appalling situation is the list of the world’s Top 10…
- Tourism News
Tourism authorities refurbish old klongs as new tourist attractions in Bangkok
Bangkok’s old nickname “Venice of the East” is slowly coming back to life as tourism and local municipal authorities aim to make-over some of the city’s famous klongs (canals) as new tourist attractions. Khlong Prawet Burirom runs east from the city towards Suvarnabhumi Airport. In May this year one of the old klongs, the King Lord Klong,was extensively refurbished and…
- Environment News
Bangkok 12th worst city for air quality in the world today
It’s a list you don’t want to be on the top of. The Air Visual website is reporting that Bangkok’s air pollution level stands at 136, with PM 2.5 level at 57.8 micrograms per cubic metre, making the Thai capital the 12th on the list of cities today with the worst air pollution in the world. Chinese and Turkish cities…
- Environment News
Thai PM orders anti-pollution measures for smoggy Bangkok
PHOTO: Narong Sangnak/EPA-EFE The Thai PM Prayut Chan-o-cha is ordering Bangkok authorities to immediately activate prepared measures to mitigate the city’s haze and air pollution which has returned to Bangkok and its suburbs over the weekend and today. Expressing concern about the haze the PM pleaded with construction site operators and industries in Bangkok and neighbouring provinces to reduce their…
- Environment News
Dangerous air quality returns to Bangkok – Readings up to ‘233’ today
PHOTO: aqicn.org Unseasonal, poor air quality has descended on Bangkok and surrounding suburbs threatening people’s health. The problem, which filled the headlines at the end of last year, has returned to parts of the capital over the weekend. Readings up to 233 have been recorded this morning, well in excess of the 50 micrograms per cubic metre safety level. That…
- Bangkok News
Bangkok shophouse partially collapses in the rain
An abandoned shophouse in Bangkok’s Bang Plat district partially collapsed last night. No one was injured as the three-unit shop house, spread over four floors on Soi Charansanitwong 96/2 in Bang Or subdistrict, had been empty for a while. Officials said the fourth and third floors collapsed onto the lower floors, causing glasses and pieces of wood, and concrete, to fall…
