Thai baht

Asia Pacific Wire & Cable Corporation Limited Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, September 27, 2023
Thai baht, Borrowing base, Public sector, Depreciation, ROW, Cryptocurrency

Operating profit margin decreased from a profit of 0.9% in 2022 to a loss of (1.4%) in 2023.

Key Points: 
  • Operating profit margin decreased from a profit of 0.9% in 2022 to a loss of (1.4%) in 2023.
  • Current assets totaled $274.2 million as of June 30, 2023, compared to $299.5 million as of December 31, 2022.
  • Short-term bank loans were $46.8 million at June 30, 2023, an increase of 2.7% from $45.6 million at December 31, 2022.
  • Shareholder's equity attributable to APWC was $147.5 million as of June 30, 2023, compared to $151.6 million as of December 31, 2022.

Asia Pacific Wire & Cable Corporation Limited Announces Full Year 2022 Financial Results and Filing of Annual Report on Form 20-F for 2022

Retrieved on: 
Thursday, April 27, 2023
Borrowing base, COVID-19, Thai baht, Public sector, Annual report, ROW, Depreciation, Security (finance), Cryptocurrency

Revenues in the Company's North Asia region decreased by $29.7 million, or 27.8%, from $107 million in 2021 to $77.3 million in 2022.

Key Points: 
  • Revenues in the Company's North Asia region decreased by $29.7 million, or 27.8%, from $107 million in 2021 to $77.3 million in 2022.
  • Current assets totaled $299.5 million as of December 31, 2022, compared to $312.0 million as of December 31, 2021.
  • Working capital was $165.9 million as of December 31, 2022, compared to $149.8 million as of December 31, 2021.
  • The decrease in cash inflows from financing activities in 2022 was primarily attributable to a decrease in borrowings from 2021.

GC Announces 2023 Business Plan, Striving for Sustainability "Better for You, Better for Our World"

Retrieved on: 
Friday, March 3, 2023
Carbon, Dow Jones, Sustainability, Gold, Research, Collaborative Project to Increase Production of Rural Doctor, Mahidol University, Bangkok Metropolitan Administration, Business alliance, Organization, Natural Resources, CCUS, KGC, Growth, PVC, S&P Global, Partnership, CVC, Government Economic Service, Better, HSBC, Allnex, Plastic, Thai baht, Environment, Creativity, Forest, Propane, Knowledge, Thai Airways International, Asset, Ministry of Natural Resources and Environment (Thailand), AVT, PTT Global Chemical, DJSI, GHG, Rejuvenation, Circular economy, School, High Heat, Tree, HMC, United States dollar, HVB, Village Cinemas, Ministry, Corporate venture capital, Alkene, GC, Polymer, TTT, ESG, Natural gas, Renewable energy, Fine chemical, Security (finance), Risk management, Social

GC is firmly committed to doing good for all and will be doing it better this year to help sustain the earth.

Key Points: 
  • GC is firmly committed to doing good for all and will be doing it better this year to help sustain the earth.
  • 2023 project progress are as follows:
    Olefins 2 Modification Project that will enable the Olefins 2 Unit to additionally utilize propane as feedstock.
  • S&P Global Sustainability Award 2022, Gold Class in the Chemical Business, the highest level in S&P Global's global sustainability assessment.
  • With operations that prioritize sustainability through a balance of economy, society and environment – the cornerstone of sustainability – to help drive the organization toward its goals.

Asia Pacific Wire & Cable Corporation Limited Reports Third Quarter 2022 Financial Results

Retrieved on: 
Wednesday, December 28, 2022
Government, Depreciation, Thai baht, COVID-19, ROW, Borrowing base, Public sector, Cryptocurrency

Revenues in the Company's North Asia region decreased by 27.6%, primarily due to the impact of the conflict in Ukraine.

Key Points: 
  • Revenues in the Company's North Asia region decreased by 27.6%, primarily due to the impact of the conflict in Ukraine.
  • Current assets totaled $285.7 million as of September 30, 2022, compared to $312.0 million as of December 31, 2021.
  • Short-term bank loans were $38.6 million at September 30, 2022, a decrease of 37.9% from $62.1 million at December 31, 2021.
  • Shareholders’ equity attributable to APWC was $139.9 million as of September 30, 2022, compared to $147.5 million as of December 31, 2021.

XT.COM Lists BIGP in Its Main Zone

Retrieved on: 
Tuesday, November 8, 2022
UTC, Thai baht, Ecosystem, Point, Big Point, Mississippi, Bigpoint, XT, Cryptocurrency

Big Point (BIGP) is an ERC-20 standard governance token issued on the Bartersmart blockchain with a total supply of 11 million.

Key Points: 
  • Big Point (BIGP) is an ERC-20 standard governance token issued on the Bartersmart blockchain with a total supply of 11 million.
  • Owners of BIGP are able to participate in the governance of the project which supports the POINTS stablecoin (pegged to the Thai Baht).
  • Deposit, trading, and withdrawal options will be available live and colored for both BIGP and XT holders.
  • Everyone is encouraged to indulge in BIGP trading seamlessly anytime, anywhere without any limitations.As promised, XT.COM will continue welcoming projects for crypto listings and achieve parallel growth with them.

Asia Pacific Wire & Cable Corporation Limited Reports Second Quarter 2022 Financial Results

Retrieved on: 
Tuesday, September 6, 2022
Security (finance), COVID-19, Telecommunication, United States v. Southwestern Cable Co., Government, Person, Depreciation, ROW, U.S. Securities and Exchange Commission, Public sector, Company, Thai baht, Borrowing base, COVID

Revenues in the Company's North Asia region decreased 20.5%, due to decreased sales volume, resulting primarily due to the economic slowdown.

Key Points: 
  • Revenues in the Company's North Asia region decreased 20.5%, due to decreased sales volume, resulting primarily due to the economic slowdown.
  • Asia Pacific Wire & Cable Corporation Limited is a holding company incorporated in Bermuda with principal executive offices in Taiwan that operates its business through operating subsidiaries.
  • The Company also engages in the distribution of certain wire and cable products manufactured by its controlling shareholder, Pacific Electric Wire & Cable Co., Ltd., and certain third parties.
  • The Companys major customers include appliance component manufacturers, electrical contracting firms, state owned entities, and wire and cable dealers and factories.

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double, Led by Medical and E&E, BOI Says

Retrieved on: 
Wednesday, May 5, 2021
Articles, Economy, World economy, Economic geography, Foreign direct investment, International business, Thailand Board of Investment, Thai baht

b"BANGKOK, May 5, 2021 /PRNewswire/ -- The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medicaland electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.\nThe total number of project applications filed, 401, was 14% higher than the 351 filed in the January-March quarter of last year, the BOI said.

Key Points: 
  • b"BANGKOK, May 5, 2021 /PRNewswire/ -- The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medicaland electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.\nThe total number of project applications filed, 401, was 14% higher than the 351 filed in the January-March quarter of last year, the BOI said.
  • Out of that total, the 191 FDI projects represented a combined application value of 62 billion baht, a 143% increase from the adjusted 25.6 billion baht in total value of the 231 FDI applications submitted in the first three months of 2020.\nThe top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment.
  • Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.\nApplications for investment in the target industries, all key sectors that are driving forces of Thailand's economy, totaled 74.8 billion baht in combined value during the first quarter.\nThe medical sector was the sector attracting most investment with a total of 29 projects worth 18.4 billion baht, over 100 times more than a year earlier, followed by E&E with 34 projects worth 17.4 billion baht.\nThe Eastern Economic Corridor, or EEC area, which comprises the provinces of Chonburi, Rayong and Chachoengsao, attracted during the quarter 117 projects applications with a combined investment value of 64.4 Billion Baht, an amount 39% higher than the total value of the 111 projects filed in the same period of 2020.\nApplications for investment promotion under the BOI measures to improve production efficiency also saw a sharp increase, with 39 projects with combined investment value of 8.4 billion baht, almost 6 times the amount seen in the same period of 2020, Ms Duangjai said.
  • These included 21 projects aiming to improve energy efficiency and to reduce environmental impact, with a total investment amount of 5.6 billion baht, 16 machinery upgrade projects with total investment of 2.5 billion baht, as well as 2 research and development projects.\nIn the whole of 2020, investment applications received by the BOI had a combined value of 481.1 billion baht, with the electric and electronics, agriculture and food processing sectors leading the way, while the medical sector saw a surge from the second quarter onward due to the impact of the coronavirus pandemic on demand for medical supplies and devices.\n"

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double, Led by Medical and E&E, BOI Says

Retrieved on: 
Wednesday, May 5, 2021
Articles, Economy, World economy, Economic geography, Foreign direct investment, International business, Thailand Board of Investment, Thai baht

b"BANGKOK, May 5, 2021 /PRNewswire/ -- The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medicaland electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.\nThe total number of project applications filed, 401, was 14% higher than the 351 filed in the January-March quarter of last year, the BOI said.

Key Points: 
  • b"BANGKOK, May 5, 2021 /PRNewswire/ -- The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medicaland electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.\nThe total number of project applications filed, 401, was 14% higher than the 351 filed in the January-March quarter of last year, the BOI said.
  • Out of that total, the 191 FDI projects represented a combined application value of 62 billion baht, a 143% increase from the adjusted 25.6 billion baht in total value of the 231 FDI applications submitted in the first three months of 2020.\nThe top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment.
  • Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.\nApplications for investment in the target industries, all key sectors that are driving forces of Thailand's economy, totaled 74.8 billion baht in combined value during the first quarter.\nThe medical sector was the sector attracting most investment with a total of 29 projects worth 18.4 billion baht, over 100 times more than a year earlier, followed by E&E with 34 projects worth 17.4 billion baht.\nThe Eastern Economic Corridor, or EEC area, which comprises the provinces of Chonburi, Rayong and Chachoengsao, attracted during the quarter 117 projects applications with a combined investment value of 64.4 Billion Baht, an amount 39% higher than the total value of the 111 projects filed in the same period of 2020.\nApplications for investment promotion under the BOI measures to improve production efficiency also saw a sharp increase, with 39 projects with combined investment value of 8.4 billion baht, almost 6 times the amount seen in the same period of 2020, Ms Duangjai said.
  • These included 21 projects aiming to improve energy efficiency and to reduce environmental impact, with a total investment amount of 5.6 billion baht, 16 machinery upgrade projects with total investment of 2.5 billion baht, as well as 2 research and development projects.\nIn the whole of 2020, investment applications received by the BOI had a combined value of 481.1 billion baht, with the electric and electronics, agriculture and food processing sectors leading the way, while the medical sector saw a surge from the second quarter onward due to the impact of the coronavirus pandemic on demand for medical supplies and devices.\n"

PTT Global Chemical Adjusts its Business Strategies to Turn Crisis into Opportunities, Proactively Supporting Modern and Eco-Friendly Trends and Smart Office

Retrieved on: 
Thursday, August 20, 2020
Airlines, SET50 Index, Aviation, Thai baht, Thai Airways, Economy of Thailand

The company had adjusted EBITDA of 6,463 million baht in Q2/2020, an increase of 2% from Q1/2020, but a 15% decrease from Q2/2019.

Key Points: 
  • The company had adjusted EBITDA of 6,463 million baht in Q2/2020, an increase of 2% from Q1/2020, but a 15% decrease from Q2/2019.
  • GC recorded net profit of 1,671 million baht (0.37 baht/share), an increase of 119% from Q1/2020.
  • GC's shareholders approved a USD 4 billion debenture issuance (2020-2024) for loan payments, investments, and the company's general business operations.
  • GC recently acquired shares of Dynachisso Thai Co. Ltd. to advance its engineering plastics of PP Compound business.

PTT Global Chemical Adjusts its Business Strategies to Turn Crisis into Opportunities, Proactively Supporting Modern and Eco-Friendly Trends and Smart Office

Retrieved on: 
Thursday, August 20, 2020
Airlines, SET50 Index, Aviation, Thai baht, Thai Airways, Economy of Thailand

The company had adjusted EBITDA of 6,463 million baht in Q2/2020, an increase of 2% from Q1/2020, but a 15% decrease from Q2/2019.

Key Points: 
  • The company had adjusted EBITDA of 6,463 million baht in Q2/2020, an increase of 2% from Q1/2020, but a 15% decrease from Q2/2019.
  • GC recorded net profit of 1,671 million baht (0.37 baht/share), an increase of 119% from Q1/2020.
  • GC's shareholders approved a USD 4 billion debenture issuance (2020-2024) for loan payments, investments, and the company's general business operations.
  • GC recently acquired shares of Dynachisso Thai Co. Ltd. to advance its engineering plastics of PP Compound business.