Mr. Peter (Sui Hung) Kanjanapas, Chairman of Bangkok Land Public Company Limited, said, "With the anticipation of the government's announcement of declaring Covid-19 as an endemic disease along with its gradual relaxation of various restrictions, the economy is gradually opening up with a brighter prospect. And this has reflected with the ongoing improvement of the Company's businesses in various sectors. Since the gradual opening of the country, IMPACT Exhibition and Convention Center has quickly regained bookings of major exhibitions, meetings and entertainment events. As of today, IMPACT has already booked with more than 450 events until the end of the fiscal year 2023. Some of the major events such as the Bangkok International Motor Show 2022, THAIFEX - Anuga Asia 2022, Architect Expo 2022, Money Expo 2022 and OTOP Midyear 2022 to name a few, have seen a tremendous amount of interest from visitors of both business and public sectors. Retail businesses of the Company such as the Cosmo bazaar and BEEHIVE lifestyle mall have also regained shoppers and rental income to a level almost similar to that of pre-Covid years." said Peter.
"With the anticipation of a better economy as the Thai government is gradually opening up the country, the Company has planned several new projects in the upcoming year while still remaining vigilant due to the uncertain world economy. One of the projects the Company announced earlier is the Lenotre Culinary Arts School, one of the most prestigious culinary arts schools with worldwide recognition. It is due to open in the third quarter of this financial year and is expected to attract over 1,500 students to enroll in the first year and up to 3,000 students in the subsequent 2-10 years.
The Company is also launching a new condominium, Mori Condominium, in the heart of Muang Thong Thani. It is located next to St. Francis Xavier International School and in the vicinity of various facilities and entertainment centers with convenient access to multiple routes. It is also only about 1 km. away from the future pink line Bangkok Mass Transit System (BTS) station and 500 meters from the IMPACT Exhibition and Convention Center.
With 1,040 residential units and 20 shop units, Mori Condominium comes with an attractive starting price of 849,000 baht for a one-bedroom unit. The Company is anticipating Mori Condominium to be competitive and hopefully will receive a lot of interest from the potential home buyers and investors. While the Mass Rapid Transit Authority of Thailand (MRTA) has already approved the BTS pink line into Muang Thong Thani, the Company is in the final stages of finalizing the agreement with the Northern Bangkok Monorail Company Limited (NBM) group in constructing two more stations of the BTS pink line into Muang Thong Thani. The construction is expected to start in June 2022 and operate within 3 years.
The Company has also initiated a corporate social responsibility (CSR) program in supporting the organic farmers in Chiangmai to grow environmentally sustainable produce. Dubbed the "IMPACT Farm", the Company is committed to purchase produce from the certified organic farmers and use them in the Company's group restaurants and the upcoming Lenotre Culinary Arts School," added Peter.
"Under uncertain economic and political circumstances, I expect the next year to be a difficult year for the Thai economy. However, with the debt-free status and stable cash flow together with the continued strength of the business of Bangkok Land, the business will grow even more, and the Company will continue to strive to develop more projects," concluded Peter.
Source: Inspire Communication