Thailand Financial News

Moody’s Investors Service has placed Siam Commercial Bank Public Company Limited’s (SCB) bank financial strength rating (BFSR) of “D+” on review for possible upgrade. SCB’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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Expects China to be Asia’s Largest Wealth Management Market within a Decade Citigroup opened its first Private Bank office in mainland China today at a ceremony at Citigroup Tower attended by Todd Thomson, Chairman & Chief Executive Officer of Citigroup Global Wealth Management.
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MEDICAL RECORDS…
LOS ANGELES - The former CEO of Virgin USA, Ian Duffell, OPENGEAR PRODUCTS…
SYDNEY - Opengear Inc., a quality supplier of console server ACHE UNIVERSITY…
BANDA ACEH - The ground breaking for the University Syiah SHARE SALE…
SINGAPORE - The Tan Sri Khoo Teck Puat Estate and Temasek MICROSOFT SERVER…
REDMOND - SourceCode Technology Holdings, Inc., creator of FINANCE DEAL…
DUBAI - Wiser Financial Services LLC announced the signing RAYTHEON VENTURE…
TEWKSBURY, Mass.
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The demand for industrial property grew significantly in 2005.  The total amount of industrial land sold in 2005 was 4,008 rai (1,603.2 acres), which is the highest record of industrial land sales since 1999.  Since no new supply was added to the market after the second quarter, the vacancy rate dropped to 15.6%, according to international property consultants CB Richard Ellis.
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The banking industry is in the midst of a transformation and business and technology professionals need to prepare themselves for the banking customer of the coming decade, who, in all likelihood, is going to be very different and even more demanding than what is seen today.
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– 1.3 million people now receiving treatment in low- and middle-income countries; sub-Saharan Africa leads in treatment scale-up – – Lessons learned in “3 by 5” should guide efforts to move towards universal access to treatment by 2010– A new report by the World Health Organization (WHO) and the Joint United Nations Programme on HIV/AIDS (UNAIDS) shows that the number of people on HIV antiretroviral treatment (ART) in low- and middle-income countries more than tripled to 1.3 million in December 2005 from 400 000 in December 2003.
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Wiser Financial Services LLC announced today the signing of an agreement with Axial Vector Engine Corporation (OTC Bulletin Board: AXVC). Under the terms of the agreement, Wiser Financial Services will provide a two-year $5 million bond financing to AVEC.  AVEC also agreed to issue a three-year warrant to Wiser Financial Services providing it with the right to purchase 500,000 restricted common shares of Axial Vector at a price of $5.00 per share.
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The Tan Sri Khoo Teck Puat Estate (Estate) and Temasek Holdings (Temasek) are pleased to announce that the Estate has entered into an agreement to sell or procure the sale of 152,399,222 ordinary shares in Standard Chartered PLC (representing approximately 11.55% of Standard Chartered’s ordinary share capital) to Dover Investments, a wholly owned subsidiary of Temasek.
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Main board listed Seafood processor Thai Union Frozen Products made a highly successful debut in the international syndicated loan market. Its first ever syndicated lending attracted support from 8 international banks: Calyon, BNP Paribas, Mizuho Corporate Bank, The Bank of Nova Scotia and Rabobank committed as mandated lead arrangers while Sumitomo Mitsui Banking Corporation, Sumitomo Trust joined as lead arrangers.
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The Market for Alternative Investments (mai), a subsidiary of The Stock Exchange of Thailand (SET), revealed that mai had signed an agreement with Thailand Creative & Design Center (TCDC) to collaborate in promoting Thai design and products, mai President Mr Chanitr Charnchainarong revealed on 24 March 2006.
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