Thaicom chief executive officer Anant Kaewruamvongs welcomed the government’s approval of the Kingdo

Chief executive officer Suphajee Suthumpun on Tuesday said the listed company had achieved a satisfactory performance last year, and that the growth in net profit had been driven by the implementation of a three-pronged strategy to achieve sustainable and profitable growth – namely, balance, expansion and diversification.
“Dusit Thani actively explored investment opportunities throughout 2018 to expand our lines of business and diversify risk,” she said. “This resulted in a variety of businesses, with the hotel business at the core. 
“To grow our customer base beyond our full-service, core hotel brands – Dusit Thani, dusitD2, Dusit Princess and Dusit Devarana – in 2018, we expanded into a new area of the lodging spectrum by introducing ASAI Hotels, an affordable lifestyle brand designed to link curious, millennial-minded travellers with authentic local experiences in vibrant destinations worldwide.
“We also expanded into the luxury segment with an investment in Elite Havens, the leading provider of high-end vacation rentals in Southeast Asia, paving the way for our entry into integrated luxury-villa management and rental business across Indonesia, Sri Lanka, the Maldives, Japan and Thailand,” the CEO said.
Last year, Dusit Thani also strengthened its presence in the food industry by establishing Dusit Foods, and positioning it as another core business of the company. 
The subsidiary subsequently invested in NR Instant Produce (NRIP), a manufacturer and exporter of ready-to-eat food, seasonings, sauces, beverages and fruit juices.
Dusit Gourmet, a joint venture with NRIP, was then established to support the creation and distribution of Dusit-branded food products.
To enhance Dusit Thani’s presence in the catering business, Dusit Foods recently invested in Epicure Catering, a leading provider of quality food services to major international schools in Thailand, Vietnam and Cambodia.