Thailand Company News

Thai AirAsia (TAA)'s long-awaited initial public offering (IPO) has been set in motion as the country's largest low-cost carrier moves to raise up to Bt6b in the fourth quarter to support its growth plan

Domestic oil product demand, excluding bitumen and liquefied petroleum gas, rose 3.7% year-on-year in January to 592,754 barrels per day, reflecting expanded business activity and industrial use of energy.

Asia's real-estate investment market saw encouraging growth in the total value of sales transactions in the second half of 2010, thanks primarily to abundant liquidity and the continued inflow of capital, according to global real-estate services firm Colliers International.

Thailand’s largest retailer Central Group recently announced plans to develop a THB13 billion (US$427.4 million) Central Embassy complex on a 9-rai plot of land acquired from the British Embassy.

Eight local banks led by Siam Commercial Bank and Krung Thai Bank have agreed to arrange Bt45b in financing for Charoen Pokphand Foods Plc (CPF) to expand its business overseas.

Banpu Plc, Asean's largest coal miner, expects its average coal selling prices to reach US$90 per tonne this year with total sales volume of around 45m tonnes, says chief executive Chanin Vongkusolkit.

The earnings of listed companies soared 32.24% to a historical high last year with all sectors, led by energy, banking and property, reporting positive results.

PTTEP share prices declined sharply by Bt4.50 yesterday to close at Bt176 a share.

Indorama Ventures aims to boost production capacity to 10m tons in 2014

IVL Closes Deals with INVISTA and SK Chemicals Assets in USA, Mexico, Indonesia and Poland to create global Polyester Value Chain powerhouse