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ONGOING STORY – Raimon Register Huge 2nd Quarter Loss

Category: Real estate, Posted:16 Aug 2009 | 11:48 am

Earlier in the week you might have read our story on controlling shareholder IFA's efforts to stabilize Raimon Land by taking out a large shareholding along with buying down Lehman's investments in The River project. Despite an uplift in many Thai property firms Q2 figures Raimon has gone from a mid year profit of over THB 2 million to a loss in excess of THB 200 million in 2009.
Independent industry analysts have commented that margins for the SET listed firm remain highly volatile and poor control of sales expenses together with hedging on steel commodities thus raising development costs were key reasons. Debt to equity ratios have continued to push higher which are of considerable concern. Looks like IFA's work continues to be a monumental task in trying to regain share investor confidence for the moment.

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Direct Bali Phuket Flights Return in Phuket

Category: Hotels|Tourism, Posted:14 Jun 2024 | 08:15 am The once popular Phuket Bali flight route will see AirAsia restart direct flights from 10th August 2024. AirAsia Indonesia will be the carrier and flight frequency will be three times a week. Bali hosted nearly 600,000 international visitors in May with Australia ranking 22.5% share, followed by India with 11.3% and China on the rise […]
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Registration Open for Mind the Gap – Women & Diversity in Hospitality – A Learning Event

Category: Hotels|Tourism, Posted:13 Jun 2024 | 09:55 am Diversity, inclusiveness, and equality are core issues for the hospitality industry. C9 Hotelworks and the Phuket Hotels Association have organized a learning event titled ‘Mind the Gap, Women & Diversity in Hospitality on Saturday 31st August at the SAii Laguna Phuket. Join us in this unique, candid, and insightful half-day session that takes a closer […]
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Samui’s Booming Villa Rental Marketed Featured in New C9 Hotelworks Report

Category: Hotels|Real estate, Posted:11 Jun 2024 | 07:04 am Standalone villas shake up traditional hospitality supply as the market rises. Increasing demand for multi-bedroom accommodation growing, coupled with a preference for spacious and private villas according to new research from C9 Hotelworks in their new Samui Villa Rental Market Review. In recent years, private villas rented as vacation homes have emerged as a significant […]
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