By Cirium2021-03-05T07:17:00+00:00
Entities affiliated with the governments of Malaysia and Thailand have in recent days affirmed support for their respective flag carriers, both undergoing court-led restructurings.
Malaysia Airlines Group’s (MAG) sole shareholder Khazanah Nasional, Malaysia’s sovereign wealth fund, said in a 4 March statement announcing its 2020 financial results that it “continues to provide full support and close cooperation in the comprehensive efforts to ensure the national carrier’s sustainability post-pandemic”.
Source: Alfred Chua/FlightGlobal
Malaysia Airlines A330-200 at Taipei Taoyuan Airport. Visit Malaysia special livery
On 22 February, a UK court approved a scheme of arrangement between MAG’s leasing entity MAB Leasing and the majority of MAG’s operating lessors. The scheme was unanimously supported after one final lessor, which previously had faced challenges getting approval from its own financiers, consented to the scheme.
Aurora raises registered capital to list on bourse
1
published : 5 Mar 2021 at 06:02
1 Gold ornaments on display at the opening of the Aurora gold shop, Megabangna branch. (Photo by Darana Chudasri)
Aurora, the country s largest gold and jewellery retailer, plans to raise its registered capital by an additional 200 million baht to meet the regulator s requirement for a minimum of 300 million baht to list on the Stock Exchange of Thailand.
The proceeds from the listing will be used to expand its business.
Bandid Kunaruangroj, vice-president of marketing at Aurora, said the company plans to expand to 500 branches nationwide by 2024, in addition to boosting online marketing channels and adding a new business line called Khong Kwan gold and jewellery retail gift shops that is market testing at two branches.
bangkok | Bangkok Post business, company-in-thailand, technology, associations-and-chambers associations-and-chambers:
Sponsor links
Most searched keywords
Widen your search result of bangkok in Thailand s Search
Browse by directory category of Business
published : 3 Mar 2021 at 11:03
Pursuing strategic partnerships in all businesses to drive future growth
B.Grimm Power PCL (BGRIM), Thailand’s leading industrial power producer, posted a 21% increase in net operating profit in 2020 despite the adverse impact of the Covid-19 pandemic on the global economy.
Dr Harald Link, Chairman and President of BGRIM, said the 2,617 million baht in earnings attributable to its parent company was largely due to the increase in generating capacity and power sales to industries in Thailand. BGRIM last year added 162 MW in capacity which ramped up its output by 6% to 14,451 gigawatt-hours.
Power demand of BGRIM s industrial clientele in the kingdom rebounded strongly between September 2020 and January 2021 over the same period of the previous year, he pointed out. The company has seen the continued broadening of its customer base with new industrial clients with a total requirement of 15 MW being connected to BGRIM s sup
Developers among the first to proffer initial coin offerings
9
published : 3 Mar 2021 at 04:04
9 The real-estate backed tokens will function like a digital version of real estate investment trusts (REITs). (Photo: 123RF)
SET-listed property developer SC Asset will soon launch an initial coin offering (ICO) in what will be the first of its kind in Thailand, after the Securities and Exchange Commission (SEC) approved trading of real asset tokens this month.
Real estate firms Sansiri and Ananda Development may be among the first to try out the digital fundraising option, according to a crypto investment firm who requested anonymity.
Sanjay Popli, chief executive officer at Cryptomind, a crypto consulting and investment firm, said the company is serving as a marketing consultant for a property firm, but declined to specify the company name. The firm is working on an ICO deal and is expected to launch by the second quarter of