Thailand Financial News

Devyani International, the largest Indian franchise for Pizza Hut and KFC, today reported a net loss of Rs 49 crore for the quarter ended March 31, 2024, as against a profit of nearly Rs 60 crore for the same period last year. The firm reported an increase in revenue from operations by 38% year-on-year (YoY) to Rs 1061.7 crore. The total expenses of the company also increased by 32% YoY to Rs 550.6 crore which stood at Rs 374 crore in the fourth quarter of FY23.

₹49 crore for the March quarter of the last financial year (Q4FY24). The company reported a one-time loss of ₹42.3 crore. The company had reported a profit of ₹60 crore in the same quarter last year, while in the December quarter of FY24, the company's profit was ₹5 crore.

By Ruchir Sharma

Suzuki Motor Corp expects car sales in India to grow 2% in the ongoing financial year and its local subsidiary, Maruti Suzuki, to perform better than the market, helping it recover lost market share in the country.

rain in Bengaluru disrupted operations at the airport and led to the diversion of nine flights to Chennai on Sunday, May 12, as per a Moneycontrol report. Bengaluru International Airport (BIAL), the operator of Kempegowda International Airport, attributed the diversions to heavy rainfall and lightning in the area.

NEW DELHI : Radihika Khanijo is busy planning vacations this summer for a few uber wealthy clients to a destination that hadn’t been on her luxury travel firm’s radar ever before: South Korea. The Asian country is suddenly on the map of Indian travellers, says the founder of Welgrow Travel, and part of the reason is its easy visa process. “South Korea is seeing a big rise in travel demand from discerning travellers.

Eduard Jubany Tur, the founder of ZKX, a decentralized perpetual futures exchange on Starknet, sat down for an exclusive interview with Cryptonews Podcast.

Mint looks at the issue and analyses what it could mean for the $4-billion export sector. On 5 April, Hong Kong’s food regulator suspended the sale of MDH spice mixes saying they contain high levels of ethylene oxide, a carcinogenic. Singapore followed suit with Everest, another top Indian spice brand.

Thailand has extended its visa exemption program for tourists from India and Taiwan for another six months, allowing these travelers to enter the country without a visa until November 11, 2024. The move aims to attract more foreign visitors to boost Thailand's economy, which relies heavily on tourism. According to a Bloomberg report, Prime Minister Srettha Thavisin announced the extension following a cabinet meeting on Tuesday, indicating that travelers from India and Taiwan can stay for a maximum of 30 days without a visa. This extension comes after the success of the initial waiver implemented last November. Previously, tourists from India and Taiwan were allowed to stay in Thailand for only 15 days under a visa-on-arrival scheme. By extending the exemption, Thailand hopes to encourage longer stays and more frequent visits from these countries.

tourist arrivals, Sri Lanka has renewed visa-free entry for visitors from India and six other select countries, aiming to make travel more accessible and convenient for international tourists. The countries included in this initiative are India, China, Russia, Japan, Malaysia, Thailand, and Indonesia, allowing their nationals to visit Sri Lanka for up to 30 days without visa fees. The Sri Lankan government's decision comes as part of efforts to rebuild the tourism industry, which has faced significant challenges due to the COVID-19 pandemic and the country's ongoing economic and political crises. The visa-free entry scheme, launched in October as a pilot project, reflects Sri Lanka's commitment to promoting tourism and creating seamless travel experiences for visitors from key markets. Although the visa-free entry allows visitors from the select countries to stay in Sri Lanka for 30 days, they are required to apply for their visa online through the website www.srilankaevisa.lk before their arrival. This online application process is designed to ensure smooth processing while maintaining security checks for incoming tourists.

Rahul Gandhi who was born with a «silver spoon», Union Home Minister Amit Shah said on Saturday. Addressing a campaign rally in Daman city in the Union Territory of Daman and Diu, Shah alleged the INDIA bloc robbed the quota meant for Dalits, tribals and backward classes and gave it to Muslims, whereas the BJP has always preserved and strengthened the reservation meant for SCs, STs and OBCs. He campaigned for BJP candidates for Daman and Diu as well as Dadra and Nagar Haveli Lok Sabha seats, which fall under the Union Territory of Dadra and Nagar Haveli and Daman and Diu. «In this election, you have two options. On the one side, you have Rahul Gandhi who was born with a silver spoon. On the other side, you have Modiji who was born to a family of a poor 'chaiwala',» said Shah.

Microsoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia

Nibiru Chain, a $100 million HashKey and Kraken Ventures-backed Layer 1 blockchain, has announced two senior hires from Yuga Labs and Starknet Asia as part of its Asia expansion.

Thaiger report, Songwut was arrested on Wednesday afternoon. He also admitted to the killing of the pet dog, but had initially refused to tell where or how he disposed off the body of Mon.

Reuters reported on Thursday. The move by the Food Safety and Standards Authority of India comes at a time when the country’s popular spice brands are under scrutiny for quality-related concerns after Hong Kong and Singapore banned certain readymade spices from MDH and Everest—considered household names in India for spicing up our daily food palette. The development is not good news for the world’s largest spice producer and consumer.

Asia’s factory activity weakened slightly in April, with output growth cooling and employment dropping in a sign of fragile confidence among manufacturers. Data from S&P Global indicates that Southeast Asia’s manufacturing economy continued to grow at the start of the second quarter, but signals about the sector’s health were mixed. The headline purchasing managers index stayed above the neutral 50.0 mark separating expansion from contraction for a fourth straight month in April, but slipped to 51.0 from 51.5 in March.

Japan’s Prime Minister Fumio Kishida says he will stress the need for a rules-based international order when he attends a meeting of the Organizations for Economic Cooperation and Development in Paris

Myanmar is an evidence of China’s increasing interest in Myanmar. In his meeting with Lieutenant General YarPyae, the junta’s home affairs minister, in Beijing, Chinese Public Security Minister Wang Xiaohong said China always considers China-Myanmar relations from a strategic perspective and is trying to improve them. But the ground reality is not rosy. China has its limitations. It has brokered a ceasefire deal among warring parties in January but it wants to remain one of the most influential stakeholders in Myanmar’s political crisis. However observers feel that it is time for Association of Southeast Asian Nations (ASEAN) to play a bigger role in mediation efforts only. Raising doubts over China’s real intention. Dr. Brian Wong of the University of Hong Kong insisted on the need of a coordinated approach involving ASEAN, particularly Thailand, to foster sustainable peace in the region. Also observers have cautioned against viewing China’s role in brokering a ceasefire deal among warring factions in January, through a unilateral lens.

One of the winners of a $1.3 billion Powerball jackpot this month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week

$1.3 billion Powerball jackpot last month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week. Cheng “Charlie" Saephan, 46, of Portland, told a news conference held by the Oregon Lottery on Monday that he and his 37-year-old wife, Duanpen, would split the prize evenly with a friend. Laiza Chao, 55, of the Portland suburb of Milwaukie, had chipped in $100 to buy a batch of tickets with them.