Thailand Financial News

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong to a fraudulent website with the domain name ” www.winglungservice.com “. The website looks similar to the official website of Wing Lung Bank Ltd. (Wing Lung Bank).
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KTC or Krungthai Card Public Company Limited is running a campaign titled “Top up, Filled up” under which KTC credit card holders will receive a pack of stewed duck Mama instant noodle for every 600 Baht paid on gasoline at PTT, Bangchak, Jet and Petronas gas stations.
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Customers Gain the Benefits of Tape with the Unparalleled Performance and Reliability of Hitachi Disk-Based Storage
Eliminates Redundant Data While Maintaining 100 Percent Data Integrity and Reduces Physical Storage Requirements by 25 Times or More The Benefits of Tape with the Performance and Reliability of Disk
As organizations look to move beyond tape - currently the predominant storage medium for long-term retention-utilizing disk storage technology for backup and recovery operations has become an attractive method of improving reliability, reducing backup windows, achieving greater data throughput performance and ensuring rapid recovery.  Until now, however, the migration to current disk-based solutions causes disruption and costly downtime in legacy IT systems.
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Thailand’s Bond Electronic Exchange (BEX) has listed a total of five tranches of bonds issued by Electricity Generating Authority of Thailand (EGAT), Provincial Electricity Authority (PEA), and the Ministry of Finance (MOF), totaling THB 11.65 billion (approx.
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Moody’s Investors Service has upgraded Kasikornbank Public Company Limited’s (”KBank”) bank financial strength
rating (”BFSR”) to “D+” from “D”. The bank’s debt and deposit ratings are unaffected by this action. The outlook for all ratings is stable.
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The Hongkong and Shanghai Banking Corporation Limited has further expanded its service network in mainland China to 25 outlets – the largest of any foreign bank – following the opening of its new Hangzhou Branch today.
Richard Yorke, Chief Executive Officer China at The Hongkong and Shanghai Banking Corporation Limited, said: “The opening of our Hangzhou Branch is a major step for our organic growth in mainland China.
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ABN AMRO announced today the appointment of Puneet Bahl as Head of Cards, Asia to drive the growth of its credit card business in the region.
In this regional position, Mr Bahl will be responsible for the development of ABN AMRO’s credit card business in the region, capitalising on the tremendous growth opportunities the mass affluent market in Asia is offering.
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Mitsubishi UFJ Financial Group, Inc. (MUFG; President & CEO: Nobuo Kuroyanagi) and Mitsubishi UFJ Securities Co., Ltd. (MUS; Chairman & CEO: Yasumasa Gomi) announced today that MUFG and MUS have signed a basic agreement with regard to the proposed share exchange agreement to make MUS a wholly-owned subsidiary of MUFG, subject to approval by MUS shareholders and the relevant authorities.
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Mr. Taizo Nishimuro, President & CEO of the Tokyo Stock Exchange, Inc. (TSE) and Dr. Gordon S. Chen, Chairman of the Taiwan Stock Exchange Corporation (TSEC) today have signed a Memorandum of Understanding (MOU) on the “Market Alliance Project” in Tokyo on behalf of the two exchanges.
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TRIS Rating Co., Ltd. has assigned the company rating of “A+”with “stable” outlook to Thai Union Frozen Products PLC (TUF). The rating reflects TUF’s strong market position as one of the world’s leading tuna processors, solid valuable “Chicken of the Sea” canned tuna brand, and the management team’s proven track record in the seafood export business.           The rating also takes into consideration TUF’s conservative business expansion policy, as well as its product and geographic diversity.
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