Thailand Financial News

Vision Care Company Limited, a subsidiary of Pacific Healthcare (Thailand) Limited, a leading importer, distributor and marketer of healthcare and related products in Thailand, announced its plan to enter into a new business.  Most recently, it has established Thammasat Lasik Center by Vision Care equipped with the latest Lasik technology from Bausch & Lomb.  The new center with over 100 million baht investment will be officially launched on November 1, 2006 and is expected to serve over 1,000 patients per annum and generate over 30 million Baht at the end of 2007.
(more…)

At today’s celebration of Acer Inc.’s 30th anniversary, Chairman J.T. Wang expressed his deepest gratitude to all of Acer’s partners and industry associates who have supported Acer through the years. Wang pointed out that the channel business model has proved to be the mainstream model in the PC industry, and he highlighted that Acer will continue to implement this business model with the confidence to break through new barriers as the company marches toward its goal of becoming a global top 3 PC brand in 2007.
(more…)

Fitch Ratings-Bangkok/Singapore-31 October 2006: Fitch Ratings (Thailand) today upgraded the National Long-term rating of Export-Import Bank of Thailand (”EXIM”) to ‘AAA(tha)’/ Outlook Stable from ‘AA+(tha)’ following Fitch’s re-assessment of the government’s probability and propensity of support to the wholly-owned government policy bank.
(more…)

SITA’s 8th Annual Airline IT Trends Survey carried out in conjunction with Airline Business magazine, indicates that Asia Pacific’s airlines are embracing self-service air transportation, shifting to a traveler-centric model to facilitate passenger movement.
(more…)

Fitch Ratings-Bangkok/Singapore-31 October 2006: Fitch Ratings (Thailand) has today affirmed the National Long- and Short-term ratings assigned to Kim Eng Securities (Thailand) Public Company Limited (”Kim Eng”) at ‘BBB+(tha)’ and ‘F2(tha)’ respectively with a Stable Outlook.
(more…)

Bangkok Bank Executive Vice President Ruchanee Nopmuang and Credit Card Division Manager Shoke Na Ranong (right) present a gold bar worth Baht 1 million to Mrs. Joyce Ling, and 10 gold chains weighing five baht each to 10 other lucky credit card customers at the Bank’s head office on October 25.
(more…)

Hong Kong, October 31, 2006 — Moody’s Investors Service sees a stable rating outlook for oil and gas companies in the Asia Pacific, both those engaged in refining and marketing (R&M) and those focused on exploration and production (E&P).
In two new reports, the rating agency says that refining fundamentals should remain favourable over the 12-18 months, although they will inevitably be influenced by interim and seasonal factors, as seen in recent months.
(more…)

Moody’s Investors Service announced today that it has upgraded the ratings of seventeen government-related financial institutions following a review prompted by the implementation in August of a revised rating methodology for the sector.
The revised methodology relies on a country’s local currency deposit ceiling as a measure of its ability to rescue non-bank financial institutions under its joint-default analysis (JDA) framework.
(more…)

Moody’s Investors Service assigned first time foreign currency bank deposit ratings of Baa1/Prime-2 and a D- bank financial strength rating to ICICI Bank UK Ltd. The outlooks on all ratings are stable.
The Baa1/P-2 long- and short-term bank deposit ratings of ICICI Bank UK Ltd are the result of joint probabilities of default that are incorporated into ICICI Bank UK Ltd’s bank deposit ratings.
(more…)

Xinhua FTSE Index (XFI), the leading China index provider, has announced the pending inclusion of Industrial and Commercial Bank of China (ICBC) within the Xinhua FTSE Index Series in advance of FXI’s regularly scheduled review. Fast-track rules have been applied to ICBC’s Hong Kong-listed H shares (Code:1398) and Shanghai- listed A shares (Code: 601398), with the issuances having met certain eligibility requirements.
(more…)