Thailand Financial News

Interactive Brokers (IBKR), the online broker of global futures, options and foreign exchange, is pleased to offer direct access trading to Australian stocks and options via its award-winning, multi-product desktop trading platform, Trader Workstation (TWS).

The new product offering enables clients to trade ASX-listed options on a flat commission structure of $1.88 per contract plus exchange fees, with no minimum to trade.
(more…)

As of Sept. 15, distressed issues across 13 sectors cumulatively affected debt worth $14.3 billion, up from the $12.7 billion reported last month according to an article published by Standard & Poor’s today. The report, titled “U.S. Distressed Debt Monitor,” said that based on debt volume, the media and entertainment sector had the largest portion of the total, constituting 42% this month, fully 31% higher than the nearest sector.

“The U.S.
(more…)

Fitch Ratings (Thailand) has today upgraded Thanachart Bank’s (TBANK) National Long-term rating to ‘A(tha)’ from ‘A-(tha)’ (A minus (tha)), Short-term rating to ‘F1(tha)’ from ‘F2(tha)’, as well as upgraded the Individual rating to ‘C/D’ from ‘D’ and Support rating to ‘4′ from ‘5′.
(more…)

MICREL LAUNCHES… SAN JOSE, California: Micrel Inc., an industry leader in analog, high bandwidth communications and Ethernet IC solutions, has launched the MIC2569YQS, a CableCard 2.0 Power Controller designed for use in CableCard applications. www.micrel.com TELSTRA LAUNCHES…
(more…)

HSBC Credit Card offers an exclusive culinary privilege to its HSBC Premier Mastercard and Visa Platinum cardholders in stylish and boutique hotels. Cardholders will receive one free night accommodation worth 10,500 baht at Dream Hotel Bangkok when dining at Flava Restaurant and Bar up to 7,000 baht (excluding bottled drinks) or get one free night at Siam@Siam Design Hotel worth 4,300 baht when dining at Party House One.
(more…)

Despite political uncertainty following the coup in September 2006, Thailand’s banking system outlook remains

stable with no new downgrades of Moody’s 12 rated banks, says a new report issued by Moody’s Investors Service.

Firm’s Senior Equity Analysts To Address Current Market and Economic Conditions and Provide Investment Recommendations During October 2nd Teleconference

-  What impact will future Fed actions have on the economy?
(more…)

Recently at the Army Club, Vibhavadi Rangsit Road, Mr. Tawit Thanachanan, First Senior Vice President of KASIKORNBANK received an honorary plaque from Mr. Apirak Kosayothin, Governor of the Bangkok Metropolitan Administration on the occasion of KBank being one of 16 financial institutions joining the ‘Savings for Sufficiency Lifestyle’ campaign.
(more…)

Fitch Ratings has today revised the Outlook on the International and National Long-term ratings of the Bank of Ayudhya Public Company Limited (BAY) to Positive from Stable. This follows the increasing commitment of GE Capital International Holdings Corporation (GECIH) to the bank, as evidenced by BAY’s planned purchase of GECIH’s auto loan business in Thailand, as well as additional capital increases in July and last week resulting in GECIH increasing its stake in BAY to 35% from 29%.
(more…)

The Deputy Prime Minister and Minister for Social Development and Human Security Mr. Paiboon Wattanasiritham led Thai business leaders in launching the Corporate Social Responsibility Institute (CSRI) to benefit Thai society and the environment.

The 10 organizations participating in the Institute’s inauguration were the Association of Investment Management Companies, Association of Securities Companies, Federation of Thai Capital Market Organizations, Federation of Thai Industries, Listed Companies Association, Securities Analysts Association, The Stock Exchange of Thailand (SET), Thai Bankers’ Association, Thai Chamber of Commerce and Thai Investors’ Association.