S Hotels & Resorts Plc (SHR) has revised its strategies to create a business stability through the revenue and customer diversifications. In particular, this was contributed to the opportunity for business recovery after COVID-19 crisis. The company invested THB 560 million to purchase 26 UK hotels in February 2021, followed by the divestment on a selection of its hotel assets. Proceed from sales will be used to reinvest in the renovation of top-tier hotel in the countries. Nonetheless, SHR was successful in adapting major commercial strategies and introducing a new homegrown brand for attracting Thai residents. The Q1/2021 performance reflected a recovery with 83% rise in revenue from the previous quarter.
The resurgence of COVID-19 pandemic in Thailand since early April 2021 tends to worsen, with daily increase of infections and deaths. As a result, frontline medical workers have to work hard day and night while field hospitals are rapidly set up in many provinces to care for the infects. Concerned of the current situation, PepsiCo Thailand has teamed up with Suntory PepsiCo Beverages Thailand Co. Ltd. in standing together and delivering aid to medical workers in the fight against COVID-19 by donating 2,000 fingertip pulse oximeters, 600 Personal Protective Equipment (PPE) suits, 201,900 bottles of Aquafina drinking water and 210 Lay’s potato chips cartons; approximately valued at 4 million Baht in total to 59 field hospitals located in 16 Provinces.
‘Singha Estate’ unveils its business plan in the second half of 2020 to cope with the COVID-19 crisis and maintains the steady financial positioning, which will drive the company forward with the five-year investment plan and 68-billion- baht budget. The company will concentrate on developing a new business model under the “New Living & Working Cluster” concept in potential locations to serve changing consumer demand and investment in the New Normal era, and developing Smart M&A to build portfolio for sustainable growth in harmony with local communities well-being and environmental conservation.
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the fiscal year ended March 31, 2020.
The ongoing Covid-19 pandemic has seen many small and medium enterprises (SMEs) struggling to find a way out for their products as traditional ways of doing business are disrupted. Now Aibaba.com, a leading business-to-business (B2B) platform for global trade, is calling for Thai SMEs to seize the opportunity from e-commerce as a way to weather the current global economic downturn.