In 2020, Bangkok Expressway and Metro Public Company Limited or BEM has already launched the full operation of all three Sections of the MRT Blue Line to the public on March 30, 2020, with the MRT Blue Line’s connected route running in a Circle Line covering the central area of Bangkok while making a connection between Bangkok and Thonburi sides. Most of all, BEM was tremendously proud that His Majesty the King and Her Majesty the Queen graciously presided over the official opening ceremony of the M.R.T. “Chaloem Ratchamongkhon” Line (MRT Blue Line), the Extension of Hua Lamphong - Bang Khae Section and Bang Sue - Tha Phra Section, on November 14, 2020. Moreover, BEM has steadily gained confidence from the government sector in the expressway management, proved by the execution of the Second Stage Expressway Agreement (Amendment) and the Bang Pa-in - Pak Kret Expressway Agreement (Amendment) with the Expressway Authority of Thailand in a collaborative effort to settle the disputes and extend the respective concession periods until October 31, 2035.
In the context of the business operations based on corporate governance in 2020, BEM was rated as a listed company with the “Excellent CG Scoring” or Five Star Rating in Corporate Governance from the Thai Institute of Directors Association (IOD) and the Stock Exchange of Thailand (SET), and also, BEM was presented with the Thailand Sustainability Investment Award for the fourth consecutive year as a listed company engaging in business operations by taking into account environment, society and corporate governance, not to mention the Thailand’s Top Corporate Brands 2020 as the organization with the highest brand value in the transportation and logistics sector from the Faculty of Commerce and Accountancy at Chulalongkorn University.
The situation of the outbreak of COVID-19 last year caused a decline in the traffic volume of both the expressway and MRT services, the Company therefore implemented the measures for cleanliness inside the MRT trains and stations for the sake of hygiene and safety of all service users, and also managed and controlled costs to ensure they were reasonable and correlated with the situation happened, with BEM supporting the government policies to curb the spread of COVID-19 through the “Healthy Journey with BEM” project to give away one million cloth face masks to the MRT service users, including communities and schools adjacent to the expressway and MRT routes.
In respect the operating results of 2020, BEM had the net profit in the total amount of Baht 2,051 Million, a decrease from the previous year due to the impact of COVID-19. Nonetheless, BEM reaffirmed the commitment to taking care of stakeholders, especially shareholders, whereby the Board of Directors resolved to propose that the Shareholders’ Meeting consider approving the dividend payment for 2020 at the rate of Baht 0.10 per share.
We would like to extend our gratitude to all shareholders, expressway users, MRT passengers, counterparts, public and private agencies, along with all concerned parties, for their continued support and confidence in BEM’s business operations, as well as to all executives and staff for their role as the driving force behind the delivery of the efficient services to the service users in the midst of the COVID-19 crisis. In 2021, please rest assured that BEM remains committed to operating the businesses based on the good corporate governance principles, with social responsibility, as well as putting ahead with developing and designing new innovations in order to enhance the quality of travel life while bringing smiles of happiness to all expressway users and MRT passengers. Finally, BEM would like to give all Thai people encouragement to get through such tough situations together at our best.
( Mr. Plew Trivisvavet )
Acting Chairman of the Board of Directors
Corporate Social Responsibility
The Company, as the expressway and metro service provider, is committed to helping alleviate traffic problems in Bangkok and its surrounding provinces, through the fully-integrated mass rapid transit and transportation systems
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