THAI to increase authorized share capital size

By k on August 30, 2009

BANGKOK, 30 August 2009 (NNT) –Thai Airways International Plc (THAI) Board has given a green light to the company for an increase in the size of its authorized share capital to strengthen the business within December this year.

THAI Executive Board Chairperson Wanlop Phukkanasut announced that the airline planned to increase its authorized share capital, citing that the existing amount last year of 17 billion baht was inadequate for business operation. He expected that the recent movement of the company could boost its profit to 40 billion baht per year from the current one of 25 billion.

As for the overall report of the airline as of July 2009, Mr Wanlop elaborated that the seat booking rate was at 76%, estimating that the average rate for the whole year would be at 70%. He forecasted that there would be more seat booking in the end of this year based on a high number of advance reservations during this period.

Mr Wanlop stated that the airline would not reduce its ticket fares but would focus more on adding values for customers with impressive services instead.

BOI gives grim report of Thai situation, employment down 53.5% BANGKOK, 7 August 2009 (NNT) – Thailand’s Board of Investment...
Sopon: THAI likely to lose Bt2 bln in profit in Q2 BANGKOK, 5 August 2009 (NNT) – Transport Minister, Sopon Zarum,...
PTT, Bangchak increase retail prices of diesel by 60 Satang/liter BANGKOK, 14 October 2009 (NNT) – The Bangchak Petroleum Public...
No sign of Thaicom share manipulation BANGKOK, June 16 (TNA) – The Stock of Exchange of...
2010 Thai exports expected to increase to 5.8 tn THB BANGKOK, 3 February 2010 (NNT) – The Thai National Shippers’...

Related posts brought to you by Yet Another Related Posts Plugin.

Readers Comments

Business News »

Loan clients urged to be well-prepared for higher finance costs

July 16, 2010

BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]

Bank And Finance »

Commercial banks announce hikes in interest rates on fixed deposits

July 16, 2010

BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]

General News »

Summary of the 9th APEC Energy Meeting

July 12, 2010

Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]

Economy »

4 Govt agencies cooperate to promote Thai investment abroad

July 12, 2010

BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]

Energy »

Moody´s chops down PTT´s credit

June 29, 2010

BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]

Politics »

One month needed for Interpol consideration over Thaksin´s case

July 16, 2010

BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]