Thailand Financial News

ITB Aviation Day on 9 March 2007 addresses key aviation issues Berlin, 30 January 2007 - Despite adverse operating conditions over the last couple of years, including high fuel prices, terrorist threats, natural disasters, and new taxes on passengers and airlines, air transport has remained resilient.
(more…)

KhunSamrith Trongtranon, (second from right), General Manager of Optimus Soft and KhunSomjai Vudhiputtanan, (third from left), Assistant Managing Director, Finance Division, Betagro Group signed the contract in “Trade Finance Information System (TFIS)” at Miracle Grand Hotel.
(more…)

The Stock Exchange of Thailand (SET) has approved new listings on Bond Electronic Exchange (BEX) from the Bank of Thailand (BOT) worth THB 35.00 billion (approx. USD 972.22 million). Both issues will commence trading on February 1, 2007. -      BOT50/11/14D, worth THB 15.00 billion, has a 14-day maturity and will fall due on February 15, 2007.
(more…)

In support of Invest Singapore’s 2010 Vision to create a first class operational environment, the Investment Management Association of Singapore signed a Memorandum of Understanding today with E-Finance Services Technical Committee and SWIFT (the Society for Worldwide Interbank Financial Telecommunication) to promote the local fund industry’s adoption of globally recognized standards for automated processing.
“Singapore’s vision is to be known as the Asian hub for the fund industry, just like Dublin and Luxembourg are in Europe,” commented Giri Mudeliar, Executive Director, Investment Management Association of Singapore (IMAS).
(more…)

Cardif announced the signature of a tripartite agreement today in Hanoi with Vietcombank, the leading bank in Vietnam, and Seabank, to sell life insurance, personal protection and savings products in Vietnam. This strategic partnership will lead to the creation of a joint venture, held 43 percent by Cardif, 45 percent by Vietcombank and 12 percent by Seabank.
(more…)

Shinsei Bank, Limited (“Shinsei Bank”) has reported its financial results for the first nine months of fiscal year 2006 ended December 31, 2006.
“Our results for the first nine months of this fiscal year have been significantly impacted by the current situation affecting the consumer finance industry” said Mr.
(more…)

Commonwealth Bank of Australia has announced that David Hancock has been appointed Head of Equities and Capital Markets reporting to Marten Touw, Head of Global Markets and Treasury. He will join in February 2007 and will be based in Sydney. In his new role, Mr Hancock will run the newly amalgamated institutional equity and debt capital markets businesses for the Bank globally.
(more…)

Firm Failed to Heed Repeated Requests for Information from Its Own Clearing Firm
NASD announced that it has fined Banc of America Investment Services, Inc. (BAI) $3 million in connection with the firm’s failure to obtain customer information for certain high-risk accounts and for failing to have adequate communication with its parent bank to ensure that BAI’s independent suspicious activity report (SAR) filing obligations were met.
(more…)

HSBC Investments has appointed Christian Deseglise to the new position of Global Head of Emerging Markets Business, based in New York.
In this role, Deseglise will be responsible for the ongoing development of the emerging markets business of HSBC’s Group Investment Businesses worldwide.
(more…)

The Asian Banker Islamic Bank 40 – the definitive annual ranking and survey of Asia Pacific’s largest Islamic banks
Maybank, although not a standalone Islamic bank, is the region’s largest Islamic banking service provider, Asian Banker Research found in its inaugural survey of the largest Islamic banking institutions in the Asia Pacific.
(more…)