AAV will resume BKK (DMK) – Sydney route, offering 6 flights weekly effective Dec 1, adds Fly Thru option on connecting flights out of BKK to Phuket, Chiang Mai, Krabi & internationally to Danang, Chennai, Bangalore & Ahmedabad, will also increase weekly flights to Tokyo to 18, Osaka 14, Sapporo 7, Nagoya 3, Seoul 14 & Shanghai 7 to capture demand for year-end holiday season.

Comment: And the promotions they’re offering are incredible. As more supply comes online, us consumers are going to benefit, I wonder for how much longer hotels are going to be able to sustain these higher prices.

CPAXT sees 3Q SSSG flat qoq both wholesales & retails, expects positive effect from synergy post amalgamation with Ek-Chai distribution continue in 2H, estimate cost saving by 1% of total sales (Bt5b) p.a., focus on merchandise mix to improve profitability.

PTT said minority stake in PTTGC, TOP and IRPC are for sale, investors should bring tech and expertise.

PTT to focus more on EV charging service, adjust its other EV-related business, including its EV assembly operations.

Comment: That’s interesting…not sure what tech a refinery really needs…now the q is .. chinese or western players?

SIRI divests equity interest in indirect subsidiary, Standard International Management (SIM) & Bunkhouse to Hyatt International Corporation total $ 355m.

Comment: Wow – that’s a decent deal size.

BKK Post quotes a source in fintech industry that 5 groups are to apply for 3 virtual banking licenses from the BOT, app deadline is Sept 19, SeaMoney TH (Shoppee), VGI (BBL and Jaymart), SCB (KakaoBank, WeBank), CP Group (Ant Group), GULF (KTB, ADVANC, OR).

Comment: This is going to be amusing…though a recent conversation with Execs @ SCBx has piqued my thinking…as they project cost-to-income of a virtual bank is 25% compared to a trad bank at 40% and the remaining 15% can be utilised for R&D.