profit
- Business News
Vietnam Airlines surges 179%, top-performing airline stock in 2024
Vietnam Airlines made a remarkable return to profit, emerging as the world’s best-performing airline stock this year. The state-owned carrier soared to 179% in 2024, buoyed by a resurgence in travel demand. This surge in performance has allowed the airline to post a significant first-quarter profit, breaking a streak of over four years of consecutive losses. This turnaround is particularly…
- Thailand News
Flooding in Nakhon Ratchasima boosts income with tadpole sales
Heavy rainfall in Nakhon Ratchasima has led to flooding in several areas, prompting locals to catch tadpoles in rice fields. These tadpoles are used in traditional dishes, reducing household expenses and generating additional income as they sell for 300 baht per kilogramme. Recent reports indicate that various parts of Nakhon Ratchasima province have experienced rainfall, which has moistened the soil…
- Thailand News
Singapore Airlines to reward staff with eight months’ salary bonus
Singapore Airlines is set to reward its staff with a bonus payout equivalent to nearly eight months’ salary, following its second consecutive year of record-breaking annual profits. This impressive bonus surpasses last year’s record payout, which included a profit-sharing bonus of 6.65 months’ salary and an additional ex-gratia bonus of up to 1.5 months’ salary due to the coronavirus pandemic.…
- Thailand News
Inside the thriving world of Venus clam harvesting
The shores of Naklua and Krating Lai Beach in the Banglamung district are buzzing with activity as locals and workers unite for a timeless tradition – Venus clam harvesting. Amidst the ebb of the tide, a remarkable sight unfolds daily on the sandy shores, drawing a crowd of 60 to 100 individuals, spanning all ages and genders. Armed with baskets…
- Thailand News
Thai Airways reveals rising revenue in third-quarter results this year
Thai Airways International Public Company Limited and its subsidiaries announced their third-quarter performance results today, showing a total revenue of 37,008 million baht. This is an increase from the same period last year, which stood at 32,860 million baht, marking a rise of 12.6%. The company and its subsidiaries transported a total of 3.27 million passengers, with Thai Airways accounting…
- Business News
Thai Airways reports profitable Q4, driven by Chinese visitor surge
Thai Airways International Public Company Limited (THAI) announced a profitable fourth quarter, marking the fourth consecutive quarter of profits, underpinned by a steady recovery in passenger numbers amid the Covid-19 era. The growth has been particularly driven by a surge in visitors from China. Thai Airways recorded a net income of 1.54 billion baht (US$43 million) for the quarter ending…
- Thailand News
Rubber to riches: Thai farmer’s organic vegtable transformation yields green profits
A 58 year old entrepreneurial farmer in Trang has transformed his four-acre rubber plantation into a thriving organic vegetable garden. Previously, he was earning only 100 baht for 3 kilograms of rubber. Now, his organic vegetable farming generates an income of over 50,000 baht per month from his new endeavour. The farmer, San Chanchia, residing at House No. 17, Village…
- Business News
Tissue dreams ahead: Kuma Thailand to build dedicated factory in five years
Kuma (Thailand) Co, the parent firm of the Kuma tissue brand, is setting its sights on augmenting its production capabilities by developing a dedicated factory within the next five years. The goal of this ambitious project is to bolster the company’s capacity and pave the way for future product expansion in the consumer goods sphere. The director at the helm,…
- Business News
Thailand’s smartphone market holds promise despite economic strain
In these difficult financial times, Thailand’s smartphone market still carries incredible potential for device makers, particularly in high-end models, despite reduced support of handset subsidies by mobile operators, according to Oppo, a leading Chinese smartphone maker. With a market value exceeding 100 billion baht, Thailand’s smartphone market is regarded as a gem within Southeast Asia. The Senior Executive Vice-President at…
- Business News
Sam Altman dismisses public listing, discusses AI’s future and regulation
OpenAI CEO Sam Altman has stated that the company, backed by Microsoft and known for its ChatGPT technology, has no intentions of going public in the near future. Speaking at a conference in Abu Dhabi, Altman expressed concerns about potential conflicts with investors’ expectations and the need for a unique structure to maintain OpenAI’s capped-profit model. OpenAI has raised US$10…
- Business News
Thai e-marketplaces Shopee and Lazada shift to profitability
The e-commerce landscape in Thailand experienced a significant shift as major players Shopee and Lazada reported profits for the first time in almost a decade. This change has been attributed to careful spending, operational adjustments, and increased service fees. In 2022, Shopee recorded a profit of 2.4 billion baht, while Lazada posted a profit of 413 million baht. Shopee’s revenue reached…
- Business News
Centel Q1 net profit soars as tourist arrivals boost hotel recovery
Central Plaza Hotel Plc (Centel) has reported a significant increase in net profit for the first quarter of this year, reaching its highest level since the beginning of the pandemic. This improvement is attributed to a substantial rise in tourist arrivals. In comparison to a net loss of 44 million baht in the first quarter of last year, Centel recorded…
