Thailand Financial News

MICREL PRESIDENT… SAN JOSE, California: Micrel Inc., an industry leader in analog, high bandwidth communications and Ethernet IC solutions, today announced that Guy Gandenberger, formerly the Company’s Vice President of Wafer Fab Operations, has been promoted to the position of Vice President, World Wide Operations, effective immediately.
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Fitch Ratings has today assigned a National Bond Fund Rating of ‘AA-(tha)/V5(tha)’ (AA minus(tha)/V5(tha)) to AYF Medium Term Fixed Income Dividend Fund (AYFMTDIV), managed by Ayudhya Fund Management Company Limited (AYF). A National Fund Credit Rating of ‘AA-(tha)’ (AA minus(tha)) indicates that the fund has high credit quality standards relative to other bond funds in Thailand, in terms of portfolio assets, diversification, investment management, operational capabilities, and the respective policies of the company for controlling the credit quality of the fund.
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Kiatnakin Bank is going to offer 30-minute loan-approval program “Super Fast Service” as well as a special campaign – down payment of 0% and interests of 1.99% or 96 installment term at the Motor Expo 2007, which will be held during November 29 – December 10, at Impact Challenger 1-3, Muang Thong Thani.
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Etihad Airways, The National Airline of the United Arab Emirates, which operates highly popular twice daily flights from Bangkok to Abu Dhabi and onwards to 45 destinations around the globe, has agreed aircraft financing facilities worth nearly USD400 million to acquire three new Airbus A340-600 wide-body aircraft to add to its expanding fleet.

The Abu Dhabi-based airline has signed a USD250 million aircraft financing facility with a consortium of regional and international banks to finance the airline’s acquisition of two of the 288-seat aircraft.

Fitch Ratings has today assigned a National Bond Fund Rating of ‘AA-(tha)/V5(tha)’ (AA minus(tha)/V5(tha)) to AYF Medium Term Fixed Income Dividend Fund (AYFMTDIV), managed by Ayudhya Fund Management Company Limited (AYF). A National Fund Credit Rating of ‘AA-(tha)’ (AA minus(tha)) indicates that the fund has high credit quality standards relative to other bond funds in Thailand, in terms of portfolio assets, diversification, investment management, operational capabilities, and the respective policies of the company for controlling the credit quality of the fund.
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SAP APJ announced today that it has named TCC Technology (TCCT) as SAP’s first hosting partner for Thailand. TCCT will be the gate – way and implement SAP’s powerful suite of ERP & Business solutions to deliver value-added services for TCC group of companies.
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Fitch Ratings has today affirmed the ratings of Krung Thai Bank Public Company Limited (KTB), notwithstanding weaker results in 2007 due to higher provisioning, as its performance is expected to improve in 2008. KTB’s ratings are as follows: Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook, Short-term foreign currency rating at ‘F2’, Individual rating at ‘C/D’, Support rating at ‘2’, Support rating floor at ‘BBB’, foreign currency subordinated debt rating at ‘BBB’, foreign currency rating on offshore hybrid Tier 1 securities at ‘BBB-’ (BBB minus), National Long-term at ‘AA+(tha)’ with a Stable Outlook, National Short-term at ‘F1+(tha)’, National subordinated debt rating at ‘AA(tha)’ and National rating on domestic hybrid Tier 1 securities at ‘A+(tha)’.

Fitch notes that KTB’s ratings are underpinned by strong government ownership and support.
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InSightec Ltd. today reported that it has closed an internal round of financing totaling $30 million from its existing investors: Elbit Imaging Ltd. (Nasdaq: EMITF), GE Capital Equity Holdings Inc., a subsidiary of General Electric Company (NYSE: GE), MediTech Advisors LLC (”MTA”), a private firm specializing in the healthcare marketplace, and directors and managers of the company.
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Fitch Ratings (Thailand) Limited has today assigned National Long-term ratings of ‘AA+(tha)’ to three new tranches of PTT Public Company Limited’s (PTT, rated ‘AA+(tha)’/Stable) 7-year, 10-year and 11-year unsecured and unsubordinated debentures, totaling about THB7.0 billion.

The ratings reflect PTT’s dominance in the gas and oil business in Thailand, as well as its strategic importance and function as a policy vehicle for Thailand’s energy security and development.
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Fourth quarter net revenue up 15%, or $3.7 billion, from a year earlier to $28.3 billion

Fiscal 2007 net revenue up 14%, or $12.6 billion, to $104.3 billion
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