TMB reports 38.8% rise
in Q1/2011 net profit
The Thai Military Bank (TMB) has reported a 38.8%
increase in net profit worth 1.096 billion baht for the operation of the
bank and its subsidiaries in the first quarter this year.
According to TMB CEO Dr Boontuck Wungcharoen, the net
profit for the first quarter this year rose by 38.8% compared with that of
790 million baht in the first quarter in 2010 and by 33.3% compared with 822
million baht earned in the previous quarter.
The increasing net profit was contributed by the rising
net interest income, profits from related transaction, currency exchanges,
service fees, bank fees and improving loan quality.
Total loans increased by 4.1%. Quality loans for bank
only rose by 5% thanks to the growing loans among giant businesses while low
quality loans reduced by 3.9%.
Non-performing loans of the bank and its subsidiaries
stood at 34.682 billion baht, which accounted for 7.51% of the total loan
amount. It fell from 8.26% from the total amount in the end of 2010. The TMB
has targeted to reduce the amount of non-performing loans by 2% within the
end of this year. (NNT)
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Bangkok Airways offers special airfare for Koh Samui
Bangkok
Airways, Bangkok Hospital Samui, Vejdusit Foundation, Samui Municipal, the
Tourism Coordination Center in Samui, Thai Hotels Association and the tourism
Association of Koh Samui organized a ‘Samui Clean Up Day’ of Koh Samui after the
recent storms and floods. Dr. Prasert Prasartthong O-soth (5th left), chief
executive officer of Bangkok Airways; M.L. Nandhika Varavarn (3rd left), Bangkok
Airways vice president of corporate communications; Dr. Narintara
Boonjongcharoen (2nd left), director of Bangkok Hospital Samui; Samui Mayor
Ramnate Jaikwang (4th left); Dr. Bannasart Ruangchan (6th left), president of
the Koh Samui Tourism Association; and Ms. Saipayom Somsuk (7th left), head of
the Tourism Coordination Center in Samui grab brooms to take part in the
cleanup.
Sirima Eamtako, Koh Samui,
TTG Asia
Bangkok Airways is offering a special return airfare priced
at 4,300 baht net (US$144) on the Bangkok-Koh Samui route to help restore
confidence on the island, as news of recent rainstorms have continued to affect
bookings.
The fare will be effective from May 12 to July 31, with the
promotion available for 250 seats per day per sector. The airline will launch
the promotion at its Ultimate Destination fair to be held at Siam Paragon in
Bangkok from May 12 to 20.
The airline’s corporate communications vice-president,
Nandhika Varavarn, said the fare would be available to all markets, as well as
to agents and hotels that want to offer attractive packages to entice bookings.
“More special airfares will be launched in the coming
months,” Varavarn said.
Hotels in Koh Samui have been running at 30-35 percent
occupancy after the rainstorms and floods hit the island from March 26 to 29,
according to the island’s travel trade interviewed by TTG Asia e-Daily, during
the Samui Big Cleaning Day on April 24.
According to the trade, hotels normally run at 80-85 percent occupancy in
March and April.
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With pigs at a premium, Pattaya pork vendors squeal over prices
Saibua
Hatyoung, a pork vendor at South Pattaya’s Wat Chaimongkol Market, says
prices are higher than she’s seen in a decade and, as a result, her business
is off 50 percent.
Pratchaya Kerdthong
The highest pork prices in a decade have vendors at
Pattaya area markets squealing.
Disastrous floods that ravaged Thailand’s south last
month damaged or destroyed many of the region’s pig farms, constraining
supply. As a result, farmers, butchers and brokers have steadily increased
prices, resulting in local prices of 150 baht per kilogram in Pattaya.
Saibua Hatyoung, a pork vendor at South Pattaya’s Wat
Chaimongkol Market, said prices are higher than she’s seen them in a decade
and, as a result, her business is off 50 percent, as shoppers turn to
chicken and fish for cheaper meals.
Other market sellers said their business, too, is quiet
with fewer customer inquiries. Their prices ranged from 120 to 150 baht per
kilogram for pork meat, 95-120 baht for pig liver and 20-30 baht per
kilogram for pig lung.
“If prices remain this high, many people will change to
other products and pig farm owners will suffer as people protest with their
wallets,” another vendor warned.
A group representing pork sellers around the country have
petitioned the government for help, asking officials to restrain pork
brokers who they claim are capitalizing on the short supplies to pad their
pockets.
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TNT Express holds ‘meet & greet’ for logistics professionals
Alan Miu,
president of TNT Express’s Thailand division, solicits partnerships with Laem
Chabang-area industrial companies to help grow their export and import
businesses.
Chonburi Public Relation
Department
TNT Express Worldwide held a “meet and greet” forum to
discuss ways to overcome hurdles to the logistics business for international
traders in Laem Chabang.
Alan Miu, president of the parcel carrier’s Thailand
division, solicited partnerships with Laem Chabang-area industrial companies
April 20 to help grow their export and import businesses.
The open house at the Laem Chabang International Country Club
was also aimed at allowing current and prospective customers to exchange ideas
and experiences relating to cross-border trade as well as discuss ways to
overcome regulatory and operational obstacles.
As a center for manufacturing, tourism and agriculture,
Chonburi has become a center for logistics companies operating in both the
import and export markets. Businesses in Laem Chabang, however, face both labor
shortages and operational challenges, which the port hopes to alleviate with a
planned expansion and construction of a new high-speed rail link.
Miu said TNT has invited Tanit Sorat, vice president for the
Federation of Industries in Thailand, to be a lecturer in the crucial
stimulation of businesses to create opportunities with logistics. His advice,
Miu said, can make it easier for companies to transport freight efficiently and
provide guidelines to eliminate leverage points for intervention in processes of
shipping across the border, including customs operations.
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Asian Trails: No change to tours in Thailand and Cambodia
Bangkok-based Asian Trails has issued a press release saying
that the conflict along the Thailand-Cambodia border has not affected its
itineraries so far.
In a joint statement, Asian Trails Thailand managing director
Roger Haumueller and Asian Trails Cambodia managing director Jacques Guichadut
said: “We would like to point out that the itineraries of Asian Trails in
Thailand and in Cambodia do not pass by, (are) not even nearby, these fighting
areas. No amendments to any of our tours and itineraries are necessary. Please
note that the Angkor temples in Cambodia are located some 230 kilometers
south-west of the disputed area.”
Major news outlets have reported that the conflict along the
border of the two countries has resulted in at least 12 dead and thousands being
evacuated.
The tension concerns the Ta Krabei and Ta Muan temples, about
47km west of the O’Smach Border Pass between Thailand and Cambodia, and about
250km west of the disputed Khao Prah Viharn/Preah Vihear Temple.
According to Asian Trails, scheduled flights between Thailand
and Cambodia “operate as normal and the border crossing at Aranyaprathet/Poipet
is also open without any restrictions.” (TTG Asia)
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Chiang Mai launches tacticals
to tide over low season
Sirima Eamtako, TTG Asia
Chiang Mai’s travel trade will be launching a Chiang Mai
Grand Sale campaign, with different discounts on offer, to boost business during
the May to October low season.
Sarawut Saetiao, president of the Chiang Mai Tourism Business
Association (CTBA), said he hoped the six-month campaign would fill 50 percent
of available hotel rooms, which normally run at about 20 to 30 percent occupancy
during the period.
The campaign will kick off with the third Chiang Mai Golf
Festival from May 1 to June 30. An 800-baht (US$27) daily green fee will be
offered at 14 golf courses in Chiang Mai and nearby Chiang Rai and Lamphun
provinces.
Tourism Authority of Thailand’s Chiang Mai office director,
Chalermsak Suranant, said the number of participants and revenue generated from
the festival are expected to grow by 15 percent this year, up from 45,000
golfers and more than 120 million baht last year.
The local travel trade is also preparing to stage a food fair
in July, a spa festival in August and two other events in September and October.
Meanwhile, Chiang Mai is set to participate in TAT’s
nationwide Amazing Thailand Grand Sale 2011 from June 15 to August 15. During
this period, tourist attractions, shopping malls, shops, spas, hotels and
restaurants in seven participating cities - Bangkok, Chiang Mai, Pattaya, Hua
Hin, Samui, Phuket, and Had Yai - will be offering discounts from 10 to 80
percent.
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