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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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OutBound India – Restarting India’s Tourism to Thailand Virtual Event

Category: Hotels|Tourism, Posted:06 Dec 2021 | 00:56 am India is one of the biggest outbound markets in the world. Pent-up demand is already seeing a huge outflow of travelers to the Maldives as the destination continues to thrive during the uncertain times created by the pandemic.
. But what about Thailand? India was one of the fastest-growing outbound markets to the Kingdom before Covid […]
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“Bangkok is Back“ Online Event Hears from Tourism and Hospitality Experts

Category: Hotels|Tourism, Posted:24 Nov 2021 | 11:41 am Before the pandemic, Bangkok was the most-visited city on the planet – a thriving hive of energy and activity which attracted over 22 million international visitors per year. Then, without warning, it all went quiet. Now, following the long-awaited reopening of Thailand’s borders on 1st November 2021, Bangkok is back. The city is welcoming the […]
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It’s All About Bangkok, Hua Hin and Thai Food

Category: Tourism, Posted:22 Nov 2021 | 09:29 am Manic Monday is here again. Just one day to go until the 45-minute fast-paced Bangkok is Back  – The Travel, Tourism and Hotel virtual event. There is still time to sign up at – Sign up C9 Hotelworks and our friends at Delivering Asia Communications have been busy getting the latest ideas and trends in […]