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NEW UPDATES Asean Affairs  12 November 2014  

 Thaicom Q3 net profit down 12%, below forecast

THAICOM PCL, Thailand’s largest satellite operator, said yesterday third-quarter net profit dropped 12 per cent as loss from a subsidiary outweighed higher revenue from broadcasting and broadband satellite business.

Third-quarter net profit fell to 279 million baht (US$8.51 million), falling short of the 527 million baht average forecast by four analysts polled by Reuters.

This compared with 320 million baht a year earlier.

Analysts expect earnings to improve in the fourth quarter and next year with increasing demand for satellite bandwidth because Thailand’s television broadcasting industry is in a transition period of technology change from standard definition TV to high definition TV.

The company plans to launch aUS$178.5 million Thaicom 8 satellite in the first half of 2016 to provide broadcasting services after the Thaicom 7 satellite was launched into orbit in September.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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