Thailand Financial News

Mr. Maroot Mrigadat (นายมารุต มฤคทัต) President of PTT Exploration and Production Plc (PTTEP) and Chairman of PTTEP Oman Company Limited (PTTEP OM) a subsidiary of PTTEP and Dr. Mohammed Bin Hamad Bin Saif Al Rumhy, Minister of Oil and Gas, Sultanate of Oman signed an Exploration & Production Sharing Agreement (EPSA) for Block 58 in the Sultanate of Oman.
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HSBC has been named as overall winner in the first FT Sustainable Banking Awards, in recognition of its leadership in merging social, environmental and business objectives. The awards, launched by the FT in association with the International Finance Corporation, the private sector arm of the World Bank, drew 90 entries from 48 financial institutions.
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For rising professionals in the market for a trusty mobile assistant to help in their career fast track, O2 now has the Xda Atom Exec designed just for them. Stylish yet understated, this new PDA-phone from O2 complements every high flyer’s designer suit and briefcase.
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Red Book – the people who provide vehicle identification and pricing information to the automotive, finance and insurance industries – have joined with www.one2car.com – one of Thailand’s most accessed websites - to provide a new and innovative service to people in Thailand looking to buy a used car (or trade-in their existing car).
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Citibank today introduced its latest offering CitiBusiness Power Access, the only networked community of its kind in Malaysia that is supported by a large financial institution. Designed to address the scale disadvantages faced by small businesses and professionals, Power Access leverages on the collective power of CitiBusiness customers.
“Small and medium sized companies form part of the backbone of the Malaysian economy.
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Bank of China (Hong Kong) Limited (”BOCHK”) today announced that the promotional period of its HIBOR Mortgage Scheme, launched since late March, will be extended to 30 September 2006 due to the overwhelming response of customers. Based on the 1-month Hong Kong Interbank Offered Rate (HIBOR), the interest rate of this scheme is set at HIBOR plus 0.7%, with a ceiling rate of prime lending rate minus 2.75% (P-2.75%).
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The Bank of East Asia (“BEA”) has received approval from the Shanghai Office of the China Banking Regulatory Commission to establish a sub-branch in Xujiahui. The new sub-branch will commence business in mid-July 2006 and will further extend BEA’s network in Shanghai to better serve the Bank’s growing customer base.
Xujiahui, located in the southwest of Shanghai, is now one of the leading districts contributing to Shanghai’s rapid economic growth.
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Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) today announces the introduction of OCBC Mobile Banking, its mobile bank portal with interactive and secured mobile services made available on the GPRS platform.
With this new service, consumers can enjoy banking convenience as they carry out third party funds transfers, pay bills, check on status of their bank accounts, browse through OCBC Bank’s product and service offerings and promotions as well as request for product information.
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In view of the fact that the Bangalore Mercantile Co-operative Bank Ltd., Bangalore, (Karnataka) had ceased to be solvent, all efforts to revive it in close consultation with the Government of Karnataka had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of India delivered the order, canceling its licence to the bank after the close of business on June 23, 2006.
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JCB International Co., Ltd., a wholly owned subsidiary of JCB Co., Ltd. today announced that it has appointed Kenji Seto to serve as Senior Deputy President. Seto joined JCB Co., Ltd. in 2005 as Executive Officer of Issuing Business Headquarters, where he was mainly responsible for the development of alliance business with key accounts.
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