SET orders MILL to explain financial statements for 2023 within 5 April 2024.

Bangkok: 29 Mar. – SET asks MILL to clarify financial statements for 2023 within 5 April 2024, warning investors to study financial statement information. Follow the company’s statement.

The Stock Exchange of Thailand (SET) has asked Millcon Steel Public Company Limited or MILL to clarify the information in the financial statements for the year 2023, which the auditor did not express an opinion on the financial statements. This is because there is a significant uncertainty regarding continued operations. The group had a loss of 941 million baht, with current liabilities higher than current assets. Loans from financial institutions were classified as short-term liabilities in the total amount of 11,385 million baht due to default on P/N payments, which MILL later explained that the credit line had been renewed. In addition, there was a significant increase in the list of receivables from related businesses. which has an allowance for credit losses totaling 170 million baht

The issues that the company would l
ike to clarify are as follows:

Solving liquidity problems and the ability to repay debts due within 2024

Reasons for the increase in transactions with related persons or businesses Summary of each item Reasons for setting aside allowance for credit losses of other debtors in 2023 in the amount of 170 million baht and guidelines for debt collection

Investment policy in joint ventures and associated companies Reason for setting allowance for impairment of such investment Monitoring and evaluating returns from investments in such investments

Summary of the main points of the lawsuit Guidelines for corrective action Including the consequences of not paying the said deposit.

In this regard, we ask MILL to clarify the information through the information dissemination system of the Stock Exchange by April 5, 2024 and we ask that investors study the financial statement of MILL and follow the company’s explanation. -516

Source: Thai News Agency

Hail Storm Strikes Northeastern Thailand

BUENG KAN, Yesterday, several provinces in the northern region experienced a summer storm accompanied by hail, causing both alarm and excitement due to the unusually large size of the hailstones.

A summer storm with strong gusts of wind and hail occurred, wreaking havoc in three sub-districts of Bueng Kan Province. Video clips shared by locals on social media during the hail storm showed that the hailstones were large, some as big as a child’s fist or a tennis ball. Many people, posting on Facebook, mentioned that in the past 40-50 years, they had never witnessed such large hailstones before. After the hail storm subsided, people began collecting the hailstones in containers and taking pictures to share on social media, marking a rare occurrence of a hail storm in the area.

After the incident, officials visited the affected areas with officials to assess the damage. A total of 1,376 houses in 18 villages had been damaged. There have been no reports yet of injuries or fatalities among the residents, but agr
icultural crops will undergo further assessment.

In Udon Thani province, a Facebook user named ‘White Hero’ posted a video of hailstones falling in Nonsa-ard District.

The hailstones fell like white raindrops, creating loud thumping noises when hitting the roofs. Most of the hailstones were the size of bird eggs, but some were as big as chicken eggs, leading locals to describe the hailstorm as remarkably beautiful.

In terms of damage in Udon Thani Province, many houses and farms were significantly affected, with officials continuing their assessments.

In Mukdahan Province, the summer storm accompanied by wind and rain brought hail, resulting in damage to several areas. The severe storm caused houses and livestock sheds to lose their roofs due to the strong winds.

Source: Thai News Agency

Hanoi’s tourism revival boosted


Hanoi: Hanoi welcomed about 6.54 million tourist arrivals in the first quarter of this year, of them some 1.4 million international, representing year-on-year rises of 10.9% and 40%, respectively, the municipal Department of Tourism said.

The office reported that the capital city earned 25.48 trillion VND (1.02 billion USD) from tourism activities, up 17.8% from the corresponding time last year, attributing the increase to the ongoing peak season in Hanoi.

To attract more visitors, the sector is developing products associated with heritages, relic sites, and craft villages, and others based on strengths of each locality like sports tourism in the outskirts district of Soc Son, and community and medical tourism in Soc Son and Ba Vi districts.

The city has also set up connectivity with other cities and provinces such as Ha Nam, Ninh Binh, Son La, Lao Cai, and Lai Chau to form travel routes where their key, reciprocal products are brought into full play.

At the same time, the department has coordinated with
districts and township to boost tourism at pedestrian streets like those in Hoan Kiem, Hai Ba Trung, and Son Tay, while opening new ones.

Attention has also been paid to tourism digitalisation, covering information about tourist sites, services, and market./.

Source: Vietnam News Agency

Court dismisses lawsuit against PAD 2 for closing airport in 2008 and expelling Somchai Wongsawat

Bangkok: The Criminal Court dismissed charges against the 2nd PAD for closing the airport in 2008, calling on former Prime Minister Somchai to resign, pointing out that the protest was peaceful and without weapons. Do it for the common good, oppose the “Thaksin” system.

Today (29 Mar.) the court scheduled to hear the verdict in the mob case. PAD raided Don Mueang Airport, black number A. 1087/56, where the prosecutor in Criminal Case 9 was the plaintiff against Mr. Suriyan Thongnuiad, Mr. Chaiwat Sinsuwong, Ms. Sarocha Phonudomsak, Mr. Karun Sai-ngam, Mr. Weera Somkidkid, Gen. Pathompong Kasornsuk, Ms. Sirilak Phongchoke or Joy, a former famous actor. Together with a group of 67 people, they are defendants in the offense of conspiring to assemble and incite chaos in the country.

In the case between 24 Nov. – 3 Dec. 2008, defendants 1-14 jointly persuaded people to join a large rally by spreading to various areas and encircling the VIP building. Don Mueang Airport which is in the possession of the Secretaria
t of the Prime Minister and is under the care of the company Airports of Thailand Public Company Limited or AOT and took the defendant’s television receiver and installed it near the radar receiver of the Aeronautical Radio Company, blocking the U-turn bridge, searching Thai Airways officials together by threatening to use force. Mayhem on persons and property Destroy company property of Thai Airports damaged 627,080 baht in order to pressure Mr. Somchai Wongsawat, Prime Minister at that time, to resign from his position. which all defendants deny

Mr. Sondhi Limthongkul, former leader of the alliance also came to the Criminal Court today to give moral support to the second set of defendants because Mr. Sondhi They are the first set of defendants who have already been tried. Today’s verdict will be read out when all 67 defendants have arrived. As for patients, they can exercise their rights by reporting themselves through the electronic system.

The court has considered the evidence. saw that the defendants I
t was a group of demonstrators from many professions, including artists, singers, celebrities, the media, and former ambassadors gathered to protest against the tenure of Prime Minister of Somchai Wongsawat, the brother-in-law of Mr. Thaksin Shinawatra, and corruption in policy. And the Supreme Court’s Criminal Division for Persons Holding Political Positions has sentenced Mr. Thaksin Shinawatra to imprisonment in several cases, which were constitutional protests. Peaceful assembly without weapons is not an offense of conspiracy to commit terrorism. Base of the gathering causing chaos in the country, Section 116 and the Emergency Decree. not guilty of restraint and imprisonment and rape others Therefore, there was a verdict dismissing all charges against all defendants.

Source: Thai News Agency