Billionaires
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China EV Leader BYD Opens Thai Plant, Accelerating Global Expansion
One of every three EVs sold in Thailand is a BYD model, billionaire chairman says
Philippine Billionaire Enrique Razon’s New $1 Billion Casino Draws Local Crowds
Billionaire Enrique Razon Jr has hit the jackpot with his new $1 billion casino expected to breakeven in the first year of operations as thousands visit the upmarket property.
China’s Bosideng Shares Drop 15% After Billionaire Chairman Cuts Stake
Move follows gains in profit, sales at country's largest down jacket maker
This Year’s Big Winner At The Supreme Court? Billionaires
Forget giving to politicians—America’s savviest donors are spending to influence the Supreme Court, and reaping returns.
SoftBank Shares Hit Record High Amid Push Into AI And Computer Chips
The climb indicates confidence in the investment titan’s new pivot towards AI and semiconductor chips after CEO Masayoshi Son last month described past commitments as a mere “warm up” for its push into artificial intelligence.
Thailand’s Erawan Group Targets Cost-Conscious Travelers With Big Push Into Budget Hotels
The Erawan Group, best known for the landmark Grand Hyatt Erawan hotel, located adjacent to the Erawan shrine in central Bangkok, is expanding beyond its luxury roots by doubling down on budget accommodation.
Once Plagued By Pork Smuggling, Thai Swine Producer Sees Profit In Store Expansion
Battered by pork smuggling and high feed costs, Winai Teawsomboonkij’s Thaifoods Group reported a net loss of 813 million baht ($22 million) last year, its first since 2015, as swine prices fell by nearly a third.
Hard-Charging CEO Of Bangkok-Listed Industrial Estate Developer Bets $1 Billion On Vietnam
Jareeporn Jarukornsakul, cofounder of logistics and warehousing firm WHA Corporation, is betting $1 billion on neighboring Vietnam, with plans to build three new next-generation industrial zones for high-tech companies over the next five years.
Thai Tycoon Drives Online Sales Of Southeast Asia’s Biggest Wholesale Food Market
Retail magnate Pradit Phataraprasit, a former deputy finance minister of Thailand, draws the bulk of his family’s wealth of $1.22 billion from the Mall Group, operator of Bangkok’s shopping hotspots such as Siam Paragon, Emporium and the gigantic, 200,000-square-meter Emsphere Mall, which opened in December.
Thailand’s Retailing Giant Central Group Grows Its European Footprint
Since entering Europe more than a decade ago, retailing giant Central Group, controlled by the Chirathivat family, has built a sizable presence with a string of iconic acquisitions.