Thailand Financial News

We end the 2006 with news about the inauguration of a new “Friendship Bridge” between Thailand and Lao PDR.  The bridge is being seen as “a key component of a major economic and infrastructure development plan to facilitate transportation, trade, investment, and tourism in the Mekong Subregion.”  Satish Gupta reports, in today’s lead story.
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The Stock Exchange of Thailand (SET) is about to launch a new, live TV program, “Keeping Up the Beat with 5 Markets”, broadcasting on UBC 97 (cable TV) and Channel 5 (free TV), from January 3, 2007, Monday to Friday, 09:30 – 10:00 hours. The program will be produced by Family Know-How Co., Ltd., a SET subsidiary.
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SUN INNOVATION… CRICKET SAFETY..
PORT-OF-SPAIN - Cricket fans traveling to the Caribbean for Cricket World VIRAGEN LICENSES…
PLANTATION, Fla. - Viragen, Inc. and its majority-owned subsidiary, Viragen (AsiaNet is a consortium of leading news agencies distributing unedited,
translated news releases for worldwide clients.
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Thailand Securities Depository Co., Ltd. (TSD) now provides bond lending and borrowing. The service, which began on December 25, 2006, will boost liquidity in the bond market, lower TSD members’ costs, reduce processing time, and minimize settlement defaults.
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Aberdeen  has enjoyed another year of success thanks to its strong commitments to offer new investment choices and consistent performance for investors. Having received Best Asset Management Awards in both the Open-ended Equity Fund and Open-ended Flexible Fund categories at the SET AWARDS held at the Stock Exchange of Thailand earlier this year, the effectiveness of Aberdeen’s unique and disciplined investment process  has clearly  been  proven.
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TRIS Rating Co., Ltd. has affirmed the company and issue ratings of Eastern Water Resources Development and Management PLC (EASTW) at “A+” with “stable” outlook. The ratings reflect EASTW’s strengths as the sole raw-water provider with a comprehensive pipeline network in the Eastern Seaboard area, favorable growth prospect in the waterworks business, and the company’s strong financial profile.
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TRIS Rating Co., Ltd. has affirmed the company rating of Advance Agro PLC (AA) at “BBB” with “stable” outlook.  The rating reflects AA’s strong position as the leading short-fiber pulp and printing & writing paper (P&W paper) producer in Thailand and its fully integrated and efficient plant.  The rating also takes into consideration the increasing demand for pulp and paper in both the domestic and export markets.
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NORWALK, Conn.—-According to a new priceline.com (Nasdaq: PCLN) hotel survey, the Las Vegas Strip is the most-preferred New Year’s Eve destination for the second year in a row. To compile its list of top New Year’s Eve destinations, priceline.com looked at a sampling of more than 30,000 hotel room booking requests made by priceline.com customers for the evening of December 31, 2006.
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Fitch Ratings-London/Bangkok/Singapore-27 December 2006: Fitch Ratings (Thailand) Limited has today affirmed National fund ratings of ‘AAA(tha)’/'V1+(tha)’ on TMB Treasury Money Fund. The ratings reflect the fund’s highest standards for credit quality, conservative investment policies and the safety of principal relative to other bond funds in Thailand in terms of portfolio assets, diversification, investment management and operational capabilities.
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Jan 7              Event:      Siam University Commencement
Jan 12-Jan 14      Event:      Thailand Game Show 2007
Jan 13-Jan 21      Event:     Bangkok Furniture Show 2007
Jan 17-Jan 19      Event:      The 10th Bangkok Symposium on HIV Medicine
Jan 18             Event:      The 2007 Thai Life Insurance Annual Conference and
Jan 20             Event:      Assumption University Commencement
Jan 23-Jan 24      Event:      Properties and Facilities Congress 2007
Jan 27-Feb 4       Event:      Thailand Furniture & Houseware Fair 2007

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