The Minister of Transport confirms progress of rail projects. The contracts for the Pink and Yellow lines are expected to be signed in April. Three more lines (south-bound Purple, eastbound Orange, and Bangkhae-Budhamonthon Blue) worth Bt237bn will be submitted to the cabinet for approval in June. (Kao Hoon, 05/04/17) The State Railway of Thailand board […]
Read More →CNT CNT has achieved its target signed projects in 1Q17 of Bt3.6bn. It expects to get Bt12bn in projects this year to bring backlog to a record high of Bt10bn. It expects 80% of backlog to be recognized this year. It is talking to a party to partner it in upcoming bids. (Thun Hoon, 07/04/17) […]
Read More →Well the timeline to the most democratic elections in Thailand’s history is becoming clearer, here’s a table from the clever folks of Maybank Kimeng detailing the events. Fig 1. Roadmap to democracy based on our expected dates Aug-16 Constitutional referendum. Aug-16 Amendment of charter draft by adding provisional clause that the junta’s senators will join […]
Read More →AOT AOT expects passenger pass-through via its 6 airports to reach 5.36mn during the 14-day Songkran festive season, an increase of 12.05% YoY, with 32,000 flights, up 7.22%YoY (Kao Hoon, 05/04/17) Comment: What slowdown in tourism? Â BIZ BIZ wins a project for radiation therapy machine installation worth Bt84.9mn at Roi-et Hospital. The contract will […]
Read More →BAY BAY targets SME loans growth of 3.8% this year, raising loans to Bt160bn. 2017 loan growth will be lower than last year’s 14% because it will focus on credit quality. It expects bad debt to be lower than last year in line with economic recovery. It targets to be the main bank for customers. […]
Read More →BEM BEM expects revenue growth of 10% for rail operations and 2% for expressway, on the back of a full year of revenue from the MRT Purple Line and Sri Rat outer ring. It plans to buy 35 new trains. The MRT Blue Line extension is expected to open ahead of schedule, boosting ridership above […]
Read More →I do wonder quite often about the ICT sector these days, a dog for 12 months + could valuations be attractive at these levels? YTD it has been one of the best performers.
Read More →Notable Transactions Buy(s) THB 32.5mn N/A Sell(s)Â THB 81.6 mn N/A
Read More →A new Excise Tax Act will come into effect this September, the top Excise Department figure said. Somchai Poolsavasdi, director-general of the Excise Department, said the newly drafted Excise Tax Act will come into effect 180 days, or September 16, after the bill was publicised by the Royal Gazette on March 20, according to a […]
Read More →A wonderful opinion piece/article on Trump, the US government, the issues its facing, the economy. Just wonderful. Here are some snippets and a link to the rest of the paper As I said at the beginning, there are three impediments to the Trump administration making significant economic progress in its first year. The first is […]
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