Thailand Financial News

COGNOS APPOINTMENT…
OTTAWA and BURLINGTON, Mass. - Cognos, the world leader in business intelligence and corporate performance management,today announced the appointment of Janet Perna to the company’s board of directors. IBM CONTRACT…
SEOUL - In the largest deal of its kind for the financial services industry in Korea, KYOBO Life Insurance (KYOBO) has http://www.ibm.com/services Q4 RESULTS…
OTTAWA and BURLINGTON, Mass.
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Moody’s Investors Service has today upgraded its corporate family and senior unsecured rating for Total Access
Communications Public Co Ltd (TAC) to Ba1 from Ba2 with a positive outlook. This concludes the review for possible upgrade commenced on 21 October, 2005.
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Thai Airways International Public Company Limited’s Head Office, Mr. Somchainuk Engtrakul, THAI’s Member of the Board of Directors Acting as President and Dr. Somphone Douangdara, President, Lao Airlines signed a Memorandum of Agreement (MOU) for “Tourism Cooperation: Gateway to Indochina”.
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Strong growth in tourism in the Greater Mekong Sub-region will be boosted by a raft of policies and projects endorsed by six Mekong-region governments today. The governments of Cambodia, Lao PDR, Myanmar, Thailand, Vietnam and the Yunnan and Guangxi provinces of China, addressed the Mekong Tourism Investment Summit in Luang Prabang, March 28-30.
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eTN TravelPress — Strong growth in tourism in the Greater Mekong Sub-region will be boosted by a raft of policies and projects endorsed by six Mekong-region governments today.
ABOUT PATA
For more information contact PATA:
eTN TravePress, P.O.Box 208, Haleiwa, HI 96712-0208 USA

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CHILDHOOD DISEASES…
KUALA LUMPUR: The deadly diseases pneumonia and meningitiskill an estimated 1.8 million children under the age of 5 years http://www.HibAction.org PEPSICO EARNINGS…
PURCHASE, N.Y.: PepsiCo, Inc. has announced that its first-quarter 2006 earnings conference call and slide presentation for financial analysts and investors will be webcast live over the internet on Wednesday, April 26, at 11 a.m.
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ING Wholesale Banking (ING) today announced that it has opened a representative branch in Thailand, as part of its plans to broaden its South East Asia franchise. The news follows approvals from the Bank of Thailand and the Ministry of Commerce which allow ING to undertake economic and market research, collection of data in support of cross-border financial advisory, and activities in Thailand to support clients’ financing.  The new office will work in cooperation with ING’s office in Singapore, which is the regional headquarters of the corporate and investment bank in the region.
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Provides Insight into the Potential of Online Booking Tools for SMEs
Cendant Travel Distribution Services (TDS), a division of Cendant Corporation (NYSE: CD), today announced the results of research undertaken in Asia-Pacific, to determine the travel buying behavior of small to medium-sized companies (SMEs).
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The Erawan Group signals its intention to tap the  forecast surge in budget and business travel to Thailand, particularly  from China and India. The Erawan Group is to become the stock market listed “proxy” for the Thai hospitality sector, covering all main market segments.
An equity capital issue will provide funding support for the expansion.  The  Erawan  Group  PLC (“Erawan”) has signed a memorandum of understanding with  The  Accor  Group  (“Accor”)  to  build a network of up to 10 economy hotels under the Ibis brand in six major destinations in Thailand: Bangkok, Pattaya,  Phuket, Koh Samui, Chiang Mai and Krabi.
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Moody’s Investors Service has placed Krung Thai Bank’s (KTB) bank financial strength rating (BFSR) of “E+” on review
for possible upgrade. KTB’s debt and deposit ratings are unaffected and their outlook remains stable. The bank’s Baa1 foreign currency deposit rating is at Thailand’s foreign currency country ceiling.
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