Briefs
Passenger demand remains strong Global passenger traffic in August reflected a strengthening of the healthy demand trend of the past few months, the International Air Transport Association (IATA) says.
This is part of its strategy to ensure income for the long term, CEO Apichart Jutrakul said.
The Hua Hin hotel will open before the end of the year and will concentrate on the domestic market, anticipating only about 40 per cent of its clientele as foreign tourists.
The property in Nakhon Ratchasima’s Khao Yai area will open in the first quarter of next year and will have an even stronger focus on the domestic market at 80 per cent.
Ticon to launch growth fund
Ticon Industrial Connection will launch the Bt6.5 billion Ticon Industrial Growth Leasehold Property Fund to finance expansion.
Siam Commercial Bank is the financial adviser, the bank and CIMB Thai are the underwriters, and SCB Asset Management Co is the fund manager.
An application for the initial public offering has been filed with the Securities and Exchange Commission and the IPO is expected to take place by year-end.
“The objective of TGrowth is to raise funds from retail and institutional investors both in Thailand and overseas to purchase, lease and sublease properties that will provide continuous benefits to the fund in the form of property rental,” managing director Virapan Pulges said yesterday.
The fund will acquire land-rental rights and ownership and leasehold rights to about 285,000 square metres of factories and warehouses of TPark, a subsidiary of Ticon.
Bliss-Tel to supply tablets
Bliss-Tel, a provider of telecommunications hardware, has signed a contract with the Basic Education Commission to supply 402,889 tablet computers for Bt757.83 million to students and teachers in Zone 4.
In its filing to the Stock Exchange of Thailand yesterday, Bliss-Tel said its board of directors approved Chakkit Thanavirun, a director, as vice chairman, executive managing director and managing director effective yesterday.
The board also approved the company’s organisation restructuring for congruity and effective operation.
Accordingly, the name of the highest-ranking executive officer will be changed from chief executive officer to managing director.
Life-insurance income rises
Life-insurance premium income rose 16.87 per cent year on year to Bt286.63 billion in the first eight months of 2013.
The Thai Life Assurance Association reported yesterday that premium income for August alone increased 12.74 per cent to Bt35.56 billion. The association is confident that premiums this year will reach the growth target of at least 17.3 per cent.
UNIQLO adds Chiang Mai store
UNIQLO, a global Japanese apparel brand, yesterday launched a second store in Chiang Mai, with an area of more than 1,340 square meters, in response to increasing demand from customers in the provinces.
Takahiro Nishimura, chief operating officer of UNIQLO (Thailand) said, “After opening our first store at Promenade Resort Mall in June this year, we received tremendous response from local customers as well as customers from nearby provinces, and tourists.” The new UNIQLO store is located in Central Plaza Chiang Mai Airport. It is scheduled to officially open on October 11.
Etihad serves Ho Chi Minh City
