The Nation

business

Smaller
Larger

News Feed

CENTRAL PLAZA HOTEL POSTS 2.4% RISE IN Q2 REVENUE

Central Plaza Hotel yesterday revealed its operating results for the second quarter, achieving Bt4.33 billion in consolidated revenues, up Bt100.5 million or 2.4 per cent compared with the same period last year. A total of Bt2.6 billion was contributed by the company's food business, and Bt1.73 billion by the hotels business.

Chairman Suthikiati Chirathivat said that as a result of the recent unsettled political situation, rallies and marches in many central business district locations - especially popular Bangkok tourist sites and major shopping malls - together with a curfew being imposed after the military coup on May 22, confidence on the part of international tourists had declined, clearly affecting both the tourism and hotel sectors.

International tourist arrivals during the first half of the year totalled 11.78 million, a 10-per-cent decrease from the same period last year.

'LINE LET'S GET RICH' REACHES 10M THAI USERS

Line, the world's leading mobile platform, announced yesterday that its "Line Let's Get Rich" game had exceeded 10 million downloads in Thailand within a month of its release.

To commemorate the milestone, it has released a local Thailand Map as a new game feature for local users.

"Line Let's Get Rich" is an online board game that has players investing in real estate around the world and competing in real time to get the highest amount of capital. It was launched on July 8 and is ranked No 1 in both the Apple App Store and Google's Play Store.

On July 22, Line Thailand held a press conference and unveiled TVC, a viral clip, and its presenters, Opal Panisara and Sunny Suwanmethanon. A "Line Let's Get Rich: Be Rich with Sunny and Opal" photo-sticker set was also released the day before.



LIFE-INSURANCE PREMIUMS IN FIRST HALF SOAR 19.2%

Life-insurance premiums in the first half of the year shot up 19.2 per cent to Bt255.69 billion, exceeding the 12-per-cent estimate of the Thai Life Assurance Association.

Busara Ungphakorn, director of the association, said yesterday that the superlative results were due mainly to product development, a variety of distribution channels and the promotion by authorities of new insurance products that are useful for people.

Total life-insurance premiums in the first six months reached Bt255.69 billion. Of that, Bt92.18 billion was new-business premiums, up 24.4 per cent year on year.

The policy consistency rate was at 87 per cent, while agencies remained the top channel at 46.9 per cent of total life-insurance premiums, followed by bancassurance at 46.4 per cent.

A IA Thailand retained its top spot in total premiums with Bt52.93 billion, followed by Muang Thai Life Assurance with Bt39.44 billion and Bangkok Life Assurance with Bt36.89 billion.

In new-business premiums, the top three are Muang Thai Life Assurance with Bt19.36 billion, Bangkok Life Assurance with Bt16.54 billion and AIA Thailand with Bt12.33 billion.



SCB LIFE APPOINTS NEW MANAGING DIRECTOR

In line with its strategy to become the long-term leading life insurer in Thailand, SCB Life Assurance yesterday announced the appointment of a new managing director, Stephen Appleyard, with effect from August 1.

With more than 20 years as a senior executive within leading insurance companies in Europe, the United States and the Asia-Pacific region, Appleyard, 49, is one of the youngest and most experienced top executives, being well versed in strategic planning and business development.

In addition, his two previous roles - as president and CEO of Ayudhya Allianz CP, Thailand, and as regional CEO for partnership distribution at AIA - mean he is both well connected in Thailand and very familiar with bancassurance partnerships.


Comments conditions

Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.