Thailand Financial News

ROCHE CONSIDERS…
BASEL, Switzerland: Roche announced that its cancer medicine LG SELECTS…
SANTA CLARA, California: Tvia, Inc., a leading provider of SUN DECLARES…
HONG KONG: The Board of Directors of Sun Innovation Holdings BUSINESS TRANSFORMATION…
TOKYO: ACOM CO., LTD., a leading Japanese consumer finance MITSUE-LINKS RELEASES…
TOKYO: Mitsue-Links Co., Ltd.
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Siam Commercial Bank, PCL. (SCB) announced a new round of increases in its 3-6-12 month fixed deposit rates by 0.25 – 0.50% p.a. and lending rates by 0.25% p.a. Khunying Jada Wattanasiritham, SCB President revealed that although the economic growth is at slow pace, the political situation and risk factors are resolved.
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Thailand’s Bond Electronic Exchange (BEX) has listed treasury bills worth THB 100 billion (approx. USD 2.63 billion) issued by Ministry of Finance (MOF), and a further THB 30 billion (approx. USD 789.5 million) bonds issued by Bank of Thailand (BOT), totaling THB 130 billion (approx.
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Ratchaburi Electricity Generating Holding PCL. [SET symbol: RATCH] today announces its unreviewed consolidated operating performance of the Company and subsidiaries for the second quarter of 2006 ended June 30, 2006. The Company recorded net profit of 1,459 million baht or earning per share at 1.01 baht, decreasing by 396 million baht or 21% of the net profit of 1,855 million baht from the same period in 2005.
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Toppan Printing Greece has been established and started operations in July Toppan Printing Co., Ltd. (Toppan Printing) has concluded an agreement with the Greek government (counterparty: The Hellenic Police) to supply the “Greek Secure Document Issuance System” for an initial period spanning ten years (April 2006 - April 2015).
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Deutsche Bank Securities Inc. today announced that Mel Gunewardena has joined as a Managing Director and Global Head of Fixed Income Prime Brokerage within the Global Markets division. As the Global Head of Fixed-Income Prime Brokerage, Gunewardena will build a fully-integrated Fixed-Income Prime Brokerage which will offer hedge fund clients access to Deutsche Bank’s industry-leading fixed income products.
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The Commonwealth Bank launched an innovative, convenient and easy to use travel service as an enhancement to its existing Commonwealth Awards program. Travel Plus offers card-holders a travel one-stop-shop with customers able to pay via Awards points – credit card – or a combination of the two.
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DBS Group Holdings reported that second quarter net profit increased 16% from a year ago to $549 million excluding one-time items, and 6% from the previous quarter. For the first half, earnings rose 26% from the previous year to $1.07 billion. Operating trends underpinning DBS’ first quarter 2006 performance were sustained in the second quarter, as DBS’ customer franchise benefited from firmer economic conditions.
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Citibank launched the Card Protection that offers its cardholders a convenient global card protection and assistance service. The first such service in Malaysia, Citibank credit cardholders who lose their wallets can now cancel their credit, debit or ATM cards, including those issued by other banks, with just a single phone call.
Besides the 24-hour card loss reporting service, Card Protection also provides cardholders cover of up to RM4,400 against the fraudulent use of their credit cards before the loss is discovered and up to a total sum of RM300,000 once the loss has been reported.
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The Julius Baer Group increased its assets under management by 5% to CHF 320 billion in the first half of 2006. Net new money development was positive in both Private Banking (CHF 1 billion) and Asset Management (CHF 14 billion).
On a comparable basis*, operating income rose year-on-year by 24% to CHF 1,394 million.
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