Thailand Financial News

Global bond markets have cause to be nervous on myriad fronts at the close of 2007, ranging from rising risk premiums, higher probability of downgrades, accelerated distress (from very low levels), and the looming specter of an eventual upswing in the default cycle from all-time lows, according to an article published today by Standard & Poor’s.
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UTC ACQUIRES… BEIJING - UTC Fire & Security announced Friday that it has entered an agreement to acquire an additional 3.3 per cent share of GST Holdings Limited, which, with regulatory clearance, will bring the company’s total ownership to approximately 29 per cent.
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Centocor, Inc. and Schering-Plough Corporation (NYSE: SGP) today announced they have revised their 1998 distribution agreement regarding the development, commercialization and distribution of both REMICADE(R) (infliximab), an anti-tumor necrosis factor (anti-TNF) alpha therapy for chronic inflammatory disorders, and golimumab, Centocor’s next-generation, human, anti-TNF alpha therapy, which is currently in Phase 3 trials.
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KBank joined hands with all department stores across Thailand offering 3% cash back refund on each spending transaction via KBank credit card. The bank’s credit card holders can join this campaign via SMS registration by typing “KD” and follow by 16-digit credit card number and send to 4545888.
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“KTC” and 94 Coffee jointly introduce a new privilege card dedicated for coffee lovers. Holders will be entitled to a full range of privileges including 5% discount on all drinks, salads, sandwiches and bakeries as well as privileges at hip establishments across the country.
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Thailand Securities Depository Co., Ltd. (TSD) continues its service enhancement, now having a fully operational post-trade integration (PTI) system and providing foreign investors with the opportunity of receiving dividends in one of six overseas currencies (or in Thai baht).
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Fitch Ratings-Bangkok/Singapore–21 December 2007: Fitch Ratings (Thailand) Limited has today affirmed the National fund ratings of TMB Treasury Money Fund at ‘AAA(tha)’/‘V1+(tha)’. The ratings reflect the fund’s highest standards for credit quality, its conservative investment policies and the safety of the principal relative to other bond funds in Thailand in terms of portfolio assets, diversification, investment management and operational capabilities.

The objective of TMB Treasury Money Fund is to provide stable returns consistent with the preservation of capital and maintain a high standard of liquidity by investing exclusively in high-quality money market instruments.
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Fitch Ratings (Thailand) Limited has today affirmed the National fund ratings of TMB Treasury Money Fund at ‘AAA(tha)’/'V1+(tha)’. The ratings reflect the fund’s highest standards for credit quality, its conservative investment policies and the safety of the principal relative to other bond funds in Thailand in terms of portfolio assets, diversification, investment management and operational capabilities.

The objective of TMB Treasury Money Fund is to provide stable returns consistent with the preservation of capital and maintain a high standard of liquidity by investing exclusively in high-quality money market instruments.
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SOCIAL NETWORKING… GENEVA: WISeKey and Publicis Live are inviting their partners and customers to join “Hightrusted.com”, a highly trusted social network platform. This platform provides a high-level digital identity solution, which verifies and authenticates the user’s identity, thus enabling a safer virtual world and bringing protection and peace-of-mind to users and their trustees.
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The Stock Exchange of Thailand (SET) has noted that there have been extraordinary increase in price and trading value of warrant of BLISS-TEL PCL.”BLISS-W1″ under high speculation during 17 to 20 Dec, 2007 compare to previous period.

To prevent such negative repercussions, member firms of the SET are hereby prohibited from providing both net settlement trading and margin loans trading for the company’s securities.