Editor, Writer, Researcher
Sappe already exports to almost 100 countries: in Asia, Europe, the Americas and the Middle East. Its net profit climbed 59% to 653 million baht in 2022. More than three-quarters of revenue came from overseas.
At a time when European banks would only loan to non-whites on crippling terms—if at all—Chin Sophonpanich was renowned for placing his trust in promising Chinese entrepreneurs throughout Southeast Asia. Among his protegés who rose to become dollar multi-millionaire and billionaire tycoons were Malaysia’s Robert Kuok and Indonesia’s Liem Sioe Liong.
The boys stay in a family-owned building directly across the street from the Menam Riverside Hotel and take meals in a hotel staff canteen. Malee's seven children help out with supervision and field trips.
A mother and daughter are planning a multi-million dollar upgrade of Bangkok's passenger riverboats, while adding hospitality and real estate ventures to their 100-year-old company.
What's more, Tan has taken Singaporean citizenship, according to a Grab filing with the Singapore government last year ... Grab's holding company lost $82.8 million in 2016, more than triple its losses in 2015, ... Grab faces strikes and protests by drivers, lawsuits in Vietnam and Myanmar, and governments still debating how best to license and tax ride-hailing companies.
Susan J Cunningham 