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Charoen Pokphand Foods PLC (CPF) affirms its labour recruitment policy is strictly aligned with the labour act and intensively respect human rights , vowing equal treatment, remuneration and welfare as required by legislative requirements. Migrant workers, in particular, are recruited under the Thai government’s memorandum of understanding (MoU) with neighboring countries with assistance of certified agencies at the countries of origin.
Meanwhile. during the first nine months, the company’s total revenues and net profit were 45,740.09 million baht and 3,609.72 million baht, down by 9.41% and 18.49% respectively. The declining operating result over last year mainly due to the store closure in both Thailand and Malaysia in the second quarter. In addition, the third quarter is typically considered as the low season for retail businesses as it coincides with the rainy season.
SET closed at 1,556.65 points, dived 34.64 points or 2.18% with ฿33 billion in value. The volatility and negative sentiment from Wall Street hit Asia markets on December 25. NIKKEI entered bear market after closing at 19,155.74 points, slumped more than 1,010 points or 5%. It was the worst December in Japan stock history. European stocks and Wall Street will be closed during Christmas, giving a short break for this landslide in the market.
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