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BUSINESS

[26 May 2011 | No Comment | 2,428 views]
SET listed firms see Q1 sales and profits hit record high

Listed companies on the Stock Exchange of Thailand (SET) reports record-high total sales of 2.12 trillion baht and profits of 205.29 billion baht for the first quarter of this year, up 18.22 percent and 29.74 percent respectively from the same period last year.
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According to SET president Charamporn Jotikasthira, a total of 460 companies out of 506 SET-listed firms, including 32 property funds, had already submitted their operating results for the first quarter of this year and their total sales and profits surged to the highest since the establishment …

BUSINESS

[23 Mar 2011 | No Comment | 1,248 views]
SET listed firms see 2010 profits up 39 pct

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Listed companies on the Stock Exchange of Thailand (SET) have reported their combined net profit of 592.45 billion baht for 2010, up 38.98 percent from the previous year.

According to a SET report released yesterday, the companies on the Thai bourse, excluding property funds, saw their 2010 income from sales and services increase 17.67 percent from the previous year to 7.40 trillion baht, approximately USD244.90 billion while the combined operating profit rise 15.16 percent to 663.81 billion baht.
Other income, mostly the gains on investment and foreign exchange, during …

BUSINESS, News

[2 Jun 2010 | No Comment | 1,905 views]
Charamporn takes the post of Thai bourse’s president

Former senior executive vice president of Siam Commercial Bank Plc, Charamporn Jotikasthira, yesterday became the new president of the Stock Exchange of Thailand (SET), succeeding Patareeya Benjapolchai whose tenure ends on May 31.
Charamporn, selected by SET’s board of governors in March, will serve his four-year term as the Thai bourse’s eleventh president until May 31, 2014.
Charamporn, 53, earned his bachelor’s degree in Electrical Engineering and Computer Science from the Massachusetts Institutes of Technology and an MBA from Harvard Graduate School of Business Administration, USA.
He joined the Siam Commercial Bank Plc …

BUSINESS, News

[26 May 2010 | No Comment | 8,728 views]
Thailand to offer new tax benefits for regional business headquartres from June 1

Prime Minister Abhisit Vejjajiva (right) is seen presiding over the seminar on the privileges for ROHs while Deputy Finance Minister Pradit Phataraprasit (left) looks on.
Thailand plans to offer a package of tax benefits for companies setting their regional operating headquartres (ROHs) in this Southeast Asian country as the package will be effective from June 1.
The tax package, aimed at attracting more Thai and foreign companies to use Thailand as the base for their regional operations, includes a 15-year corporate income tax holiday for the earnings from the services these regional …

BUSINESS, News

[25 Feb 2010 | No Comment | 1,853 views]
PTT’s 2009 profit rises 15 pct to B59.5 bln

Thailand’s largest energy firm PTT Plc on Monday reported its 2009 net profit of 59.5 billion baht, an increase of 15 percent or 7.8 billion baht from that of 2008.
In a letter to the Stock Exchange of Thailand (SET), PTT’s president and chief executive officer Prasert Bunsumpun reported that the company’s consolidated net profit in 2009 rose to 59.55 billion from 51.7 billion baht a year earlier, resulting an increase in the earnings per share to 21.06 baht from 18.33 baht in 2008.
Last Friday, PTT had earlier submitted its financial …

BUSINESS, News

[18 Feb 2010 | No Comment | 1,759 views]
TUF’s 2009 net profit grows 52 pct to record breaking B3.34 bln

Thai Union Frozen Products Plc (TUF), Thailand’s leading manufacturer and exporter of frozen and canned seafood, recently announced that its net profit for last year had reached a record breaking 3.34 billion baht, an increase of 52 percent from that of 2008.
TUF’s president Thiraphong Chansiri on Monday disclosed that the huge increase in the company’s 2009 net profit was partly the result of a dramatic profit surge in the fourth quarter from 307 million baht in 2008 to 718 million baht last year.
The company’s annual sales in US dollars for …