Thailand Financial News

KTC or Krungthai Card Public Company Limited and The Old Vajiravudh College Alumni under His Royal Patronage jointly launch KTC-O.V. Titanium MasterCard card to present members, students’ parents and teachers of Vajiravudh College with a refreshing take on life and a full range of travel, sports and health related privileges.
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The Erawan Group Plc. further stresses its intention to tap the lucrative Pattaya’s hospitality market by announcing a Baht 1.8 billion investment in a 367-room Holiday Inn. The site is a 6.5-rai plot of freehold land, part of the 20.5 rais recently acquired, adjacent to Amari Orchid in Central Pattaya.  InterContinental Hotels Group (“IHG”) has been signed on to operate this resort under its largest brand “Holiday Inn”.
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BAY to own 77%; remaining 23% split among associated BAY companies. Bank of Ayudhya Public Company Limited (BAY) today announced it has increased its stake in Ayudhya JF Asset Management Limited (AJF) to 77%. AJF was previously a joint venture between BAY and JF Asset Management (JFAM).
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Etihad Airways, the National Airline of the United Arab Emirates, has today launched its Etihad Guest programme, a unique proposition that revolutionises airline loyalty initiatives and echo’s the airline’s personalised and customer-focused approach to travel.
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To engender an entrepreneurial spirit among 120,000 vocational school students from 804 schools across the country, The Stock Exchange of Thailand (SET) is co-hosting the project: “Towards Innovative and Business-Minded Vocational Students”. The Exchange, in conjunction with the Vocational Education Commission (VEC), Office for SME Promotion (OSMEP), and the National Institute for Development Administration (NIDA), has co-hosted two projects aimed at developing vocational school students’ professional and life skills, SET’s Capital Market Education Division Chairman Mr.
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Airtimes: Hong Kong, Kuala Lumpur, Manila,                 Bangkok and Jakarta Singapore and Taipei Fri, September 1 at 2200                                     Fri, September 1 at 2100 Sat, September 2 at 1500 & 2100                     Sat, September 2 at 1400 & 2000 Sun, September 3 at 0200                                  Sun, September 3 at 0100 Mon, September 4 at 0100                                  Mon, September 4 at 0000
From Detroit, Michigan to Mexico and rural Arkansas to Rwanda, CNN explores poverty in communities around the world in places where the statistics are staggering and on the rise.
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UNESCAP is issuing a warning to Asian governments to reduce exposure to the impact of a sudden or unexpected market downturn, urging a mood of protection and preparation rather than the celebratory atmosphere of today’s prosperity.
Asian countries have to stay alert despite the lull in financial markets recently, says UNESCAP in a new report: “The Calm Before the Storm?  Managing the Risks of an Asia-Pacific Financial Downturn”.
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RHB Capital Berhad (“RHB Capital”) announced today its financial performance for the six months ended 30 June 2006.
For the financial period under review, RHB Capital (“The Group”) reported a consolidated profit before INCPS dividends, taxation and zakat of RM460.3 million, a 30% increase as compared to the previous year’s corresponding period.           Meanwhile, profit attributable to equity holders of the parent recorded an increase of RM47.1 million or 29% to RM212.2 million, compared to the same period in 2005.
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BOC Hong Kong (Holdings) Limited (“the Company”, Stock Code 2388; ADR OTC Symbol “BHKLY”) today announced its 2006 interim results. The Company and its subsidiaries (“the Group”) registered a profit attributable to shareholders of HK$7,093 million for the first half of 2006, an increase of 8.4% compared with the same period of 2005.
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The Board of Directors of SM Investments Corp. (“SMIC”) approved the filing of a Tender Offer Report, in consortium with its affiliates, with the Securities and Exchange Commission with respect to its plan to purchase the remaining shares of common stock of Equitable PCI Bank, Inc.
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