Thailand Financial News

GREEN PROJECT… NEW YORK: The New Songdo City International Business District in South Korea being developed by New York’s Gale International has been accepted as a pilot project and partner by the U.S. Green Building Council for its LEED for Neighborhood Development (LEED-ND) certification, the first national standard for neighborhood design.
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The Stock Exchange of Thailand (SET) has approved new listings on the Bond Electronic Exchange (BEX) worth THB 60 billion (about USD 1.78 billion) from the Ministry of Finance (MOF). They will commence trading during July 31 – August 27, 2007.

These issues will lift BEX-listed government bonds to THB 3.183 trillion (about USD 94.17 billion), or 90.02% of the value of all listed bonds.
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Mr. Chaivat Churitti, Senior Executive Vice President, Oil Business Group, PTT Pbulic Company Limited (PTT), revealed that amid the current crisis on high oil prices, PTT, as Thailand’s National Energy Company, has tried to ease the public burden by delaying any possible upward retail oil price revision and maintaining energy stability via promoting higher consumption of alternative fuels.  Also, PTT has joined hands with HSBC (Thailand) on the extension of “HSBC 3% Cash Back at PTT Service Station” Promotion for another 6 months to January 31, 2008 (the promotion was originally scheduled between Feb.
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New Joint Marketing Campaign Contract Signing To Dine For” with Citibank at The Conrad Bangkok

A group of leading global companies; The Conrad Bangkok led by Mr.Gregory Meadows(sitting 2nd right),General Manager, Citibank N.A. represented by Voralak Tulaporn(sitting 2nd left), Card Business Director of Citibank Thailand, Cathay Pacific and Dragon Air represented by Yongyut Lujintanon(sitting 1st left), Sales and Marketing Manager Thailand and Myanmar , the Hilton Shanghai and the Hilton Hua Hin Resort & Spa represented by Wanpen Chanthariya(sitting 1st right), Senior Marketing Communications Manager of Hilton Worldwide Resorts Thailand, today signed an agreement on Chinese buns to launch a new joint marketing campaign called “To Dine For” with Citibank Credit Card, winning a luxurious trip to Shanghai, at The Conrad Bangkok.

NAVTEQ SUBSIDIARY… CHICAGO: NAVTEQ, a leading global provider of digital map data for vehicle navigation and location-based solutions, has announced that Picture Map International (PMI), which has functioned as a wholly owned subsidiary of NAVTEQ since 2005, will operate under the name NAVTEQ, effective immediately.
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Mitsubishi UFJ Financial Group, Inc. (MUFG) announced that The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), a subsidiary of MUFG, has decided to liquidate DC Card Trading Co., Ltd. (DC Card Trading). DC Card Trading is a wholly-owned subsidiary of Mitsubishi UFJ NICOS Co., Ltd.
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Consolidated Net Income of 31.2 Billion Yen marks Solid Return to Profitable Growth

Shinsei Bank, Limited (“Shinsei Bank”) today announced reported net income of 31.2 billion yen on a consolidated basis for the first quarter of Fiscal Year 2007, ended June 30, 2007.
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Net operating income before loan impairment charges and other credit risk provisions up 35.7 per cent to HK$60,177 million (HK$44,353 million in the first half of 2006).

Pre-tax profit up 52.9 per cent to HK$39,003 million (HK$25,516 million in the first half of 2006).
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Moody’s Investors Service upgraded China CITIC Bank’s bank financial strength rating (BFSR) to D from D-. At the same time, Moody’s upgraded the bank’s long-term and short-term deposit

ratings to Baa2/P-2 from Baa3/P-3. The outlook for all ratings is stable.
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JOHNSON CONTROLS… MILWAUKEE - Johnson Controls, Inc. Board of Directors today announced that Stephen A. Roell, executive vice president and vice chairman, has been elected chief executive officer effective October 1, 2007. http://www.newscom.com/cgi-bin/prnh/20030423/JCILOGO / http://www.newscom.com/cgi-bin/prnh/20070726/AQTH103 http://photoarchive.ap.org http://www.prnewswire.com/comp/473547.html/ http://www.johnsoncontrols.com KINGDOM HOTEL…
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