Thailand Financial News

Bosch Thailand has enhanced its business process by making its products more conveniently available to the market through the professional warehousing and logistics services of Cougar Logistics (Thailand) Ltd. The decision to outsource its warehouse and logistics service to a third party supplier is in line with Bosch Thailand’s plans to further drive growth in 2007 by implementing its ‘Be QIK’ strategy in all its business processes.
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Finansa Public Company Limited held the Annual General Meeting of Shareholders 1 /2007 chaired by Dr. Virabongsa Ramangkura (second from left), Chairman of Finansa Public Company Limited along with Mr. Vorasit Pokachaiyapat (second from right), Managing Director, Mr.
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Morning Talk TV Programme TV                                 Tuesday 1st May 2007

Channel 11                 0800 hrs weekdays

Business development is one of the key factors leading to Thailand economic growth.
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Bank of America announced that it has signed a definitive agreement to acquire the reverse mortgage business of Seattle Mortgage Company, an indirect subsidiary of Seattle Financial Group, Inc., one of the leaders in providing financial solutions for seniors.
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Fitch Ratings has upgraded the ratings of Fuhwa Bank (Fuhwa) as follows: National Long-term Rating upgraded to ‘A+(twn)’ from ‘A-(twn)’ (A minus(twn)), National Short-term Rating upgraded to ‘F1(twn)’ from ‘F2(twn)’, and Support Rating upgraded to ‘2′ from ‘3′.
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Fitch Ratings has affirmed ratings on ACOM CO., LTD. (Acom) and Promise Co., Ltd. (Promise). Following the rating action, the Outlook on Acom’s and Promise’s Foreign and Local Currency Long-term IDRs remain Negative, reflecting uncertainty regarding the extent of their losses and claims for reimbursement.
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Fitch Ratings has affirmed the ratings of Taiwan based China Bills Finance Corporation (CBF) as follows: Long-term Foreign Currency Issuer Default Rating at ‘BBB’; National Long-term Rating at ‘A+(twn)’; Short-term Foreign Currency Rating at ‘F3′; National Short-term Rating at ‘F1(twn)’; Individual Rating at ‘C’ and Support Rating at ‘4′.
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Misys has been named the first trade services solutions provider to win the SWIFTReady Trade Services Utility (TSU) label.

The SWIFTNet TSU has been built by SWIFT to help financial institutions provide competitive supply chain services to their corporate customers.
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The Stock Exchange of Thailand (SET)’s board of governors on April 25 approved a process for companies unable to adjust their financial statements by the deadline specified by the Securities and Exchange Commission (SEC). Such non-compliance will now be one of the several criteria for delisting from SET.
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The Stock Exchange of Thailand (SET) has approved new listings on the Bond Electronic Exchange (BEX) worth THB 80 billion (about USD 2.29 billion) from the Ministry of Finance (MOF) and Bank of Thailand (BOT).

2.      Treasury bills worth THB 11 billion to commence trading on April 27, 2007, are comprised of:

-      TB50/31/28D, worth THB 3 billion, with a 28-day maturity and falling due on May 30, 2007.
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