"Corporate"

WASHINGTON - Finance ministers from Group of Seven nations meeting in London on Friday are expected to back President Joe Bidens call for a global minimum tax on corporate profits, giving him an early win in a grueling diplomatic campaign that is just beginning.

Sales at IKEA stores in Southeast Asia hit the Bt29 billion mark in fiscal year September 1, 2018 to August 31, 2019, reflecting healthy growth for a big-box retail business that is meeting the needs of a new generation of shoppers and creating fresh passion for home furnishing.

Upjohn Thailand says it is committed to an integrated strategy to improve patient health and relieve the burden of non-communicable diseases with trusted, quality medicines for every patient, everywhere.

Global Power Synergy Plc (GPSC) plans to increase its registered capital worth Bt74 billion in order to reduce its debt of Bt134.5 billion, it said on Thursday. It borrowed from its parent companies including PTT Plc and PTT Global Chemical Plc, to acquire a major stake in Glow Energy Plc early this year.

Siam Kubota Corporation Co Ltd, a manufacturer of tractors and agriculture equipment, is aiming to achieve Bt100 billion in revenue over the next five years now that it has recorded total revenue of Bt27 billion in the first half of this year, or up 9 per cent from the same period last year, the company’s president Hiroto Kimura said on August 27. 

B Grimm Power, an SET-listed energy company, is considering refinancing its debt by issuing new debentures to repay its debts, its chief financial officer Nopadej Karnasuta said.

Muang Thai Life Assurance Plc is confident of the first year premium Bt28 billion by year’s end after seeing a 25-per-cent hike in sales of new premium health policies in the first seven months of 2019 compared to the same period last year.

Frasers Property (Thailand) Plc (FPT), through its subsidiary Frasers Property Industrial (Thailand) Co Ltd, has signed a 15-year lease agreement with Central Retail Corporation to develop over 75,000 square metres for an omnichannel distribution centre within the Frasers Property Logistics Centre in Bangplee. 

PTT Plc’s subsidiary in Indonesia, Sakari Resources Ltd (SAR), has invested in a small coal mine in Indonesia that has 10 million tonnes of reserves.

Outdoor advertising firm Master Ad Plc or MACO has achieved second quarter growth of 161.5 per cent, or Bt699 million, with its earnings before interest, taxes, depreciation and amortisation rising by 14.7 per cent, or Bt115 million year on year.

Krungthai Card Plc or KTC expects to get a licence for nano and pico financing from the Finance Ministry this month, the company’s chief financial officer Chutidej Chayuti said at group interview recently.

South Korea’s LG Electronics on Friday announced record second-quarter and first-half revenues with consolidated sales of 15.63 trillion won (Bt412 billion) and operating profit of 652.3 billion won for the second quarter of 2019.