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Update May 2016


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Update by Natrakorn Paewsoongnern
 
 
 
Business
 

Update May 20, 2016

Chiang Rai Governor meets with leaders from Yunnan in China

Investment and sister city relationships under discussion

Chiang Rai Governor Boonsong Tachamanesatit welcomed H.E. Mr. Zhang Bairu, Exclusive Vice Chairman, Standing Committee of People’s Congress of Yunnan Province, China to the province to discuss economic and cultural cooperation on May 17, 2016.

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The Chiang Rai Governor met with Chinese government officials on May 17, 2016 to promote the new special economic zone set up in the North and discuss coordination between Chiang Rai and Yunnan for investment possibilities.

Officials from Chiang Rai and Yunnan met to discuss cultural exchanges, rice export and the set-up of the new Special Economic Zone in Chiang Rai.

Chiang Rai Governor Boonsong Tachamanesatit welcomed H.E. Mr. Zhang Bairu, Exclusive Vice Chairman, Standing Committee of People’s Congress of Yunnan Province, China and his party where they discussed setting up a sister city relationship.

The Chiang Rai Governor invited Chinese investors to invest in the Chiang Rai Special Economic Zone where investors will get tariff preference for investment. He also offered the direct export of Thai organic jasmine rice via Chiang Rai Trading House to the south of China. The Governor hopes to promote the export of Thai organic jasmine rice and tourism management He also extended an invitation for students from Yunnan to visit Chiang Rai this coming August and for further student exchange.

Zhang Bairu thanked the Governor for the warm welcome and agreed to develop cooperation and support the economic and cultural relationship between both provinces. This visit was to invite the Chiang Rai Governor and Executives to join EXPO event and he added that he was willing to support the development of cooperation and that he will present all topics to Chinese government.


Update May 14, 2016

Bangkok Airways quarterly profits up nearly 45 percent year on year

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways PCL reported on the airlines first quarter results for 2016.

Bangkok Airways Public Company Limited announced its operating results for the first quarter of 2016 which has amounted to a total revenue of 7,775.7 million baht, increasing from the same quarter last year by 15.5 percent and has reported a net profit at 1,574.6 million baht, up by 44.9 percent from the first quarter of the previous year.

Mr. Puttipong Prasarttong-Osoth, President of Bangkok Airways PCL commented that, "In the first quarter, total revenue of the company was 7,775.7 million baht, increased by 15.5 percent from the same quarter of year 2015. Net profit was reported at the amount of 1,574.6 million baht, an increase of 487.9 million baht or 44.9 percent from the same period last year. The improving performance was mostly contributed to growth in number of passengers and better average fares together with declining fuel costs."

Mr. Puttipong continues, "The number of passengers of Bangkok Airways rose by 10.5 percent for this quarter; the number of passengers from point-of-sale in Asia (excluding Thailand) was growing 18.2 percent which was largely supported by increasing number of passengers from point-of-sale in Singapore, Vietnam, Hong Kong, Myanmar and Taiwan. The average passenger load factor was increased from 71.9 percent the same quarter last year to 74.4 percent. Passenger yield per RPK was 5.44 baht, increased from previous year by 4.5 percent.

Recently, Bangkok Airways PCL has received brand-new aircrafts; 2 of ATR72-600 and 1 of Airbus A319. Therefore, Bangkok Airways' fleet currently consists of 33 aircrafts; 13 ATR72-500s and ATR72-600s and 20 Airbus A319s and A320s. In additions, there will be 2-3 new aircrafts delivered to the company later this year.


HEADLINES [click on headline to view story]

Chiang Rai Governor meets with leaders from Yunnan in China

Bangkok Airways quarterly profits up nearly 45 percent year on year

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