Thai bourse working closely with brokerages on investor education
As part of its investor base expansion strategy, The Stock Exchange of Thailand (SET) and participating securities firms are continuing with their successful SET Visit program and another investment promotion, the online trading simulation competition: SET Click2WIN.
The SET Visit workshops, conducted by brokerage staff, provide participants with direct, professional advice, Mr.
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Deutsche Bank India crosses $100 billion mark in assets under custody
Deutsche Bank AG has achieved the milestone of crossing the USD100 billion mark for assets under custody in India as at 31 December 2007. This marks a five-fold increase over the past three years, fuelled by strong demand for custody services, rising stock markets and healthy investor appetite in India.
This achievement comes on the back of Deutsche Bank being accorded Top Rated status in the Agent Bank Review carried out by Global Custodian magazine, with the highest rankings for cross-border custody – a rating achieved by Deutsche Bank in India for four consecutive years.
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Shinsei Bank reports consolidated financial results for 3Q07
Shinsei Bank, Limited, a leading diversified financial group, has announced net income of 33.5 billion yen on a consolidated basis for the first nine months of the fiscal year 2007, ended December 31, 2007, compared to net income of 47.1 billion yen reported in the first nine months of the fiscal year ended December 31, 2006.
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MAS signs MOU with The State Bank of Vietnam
The Monetary Authority of Singapore (MAS) has signed a Memorandum of Understanding (MOU) with the State Bank of Vietnam (SBV).
The MOU enhances bank supervisory cooperation between the two authorities, and deepens banking sector linkages between the two economies.
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Fitch: Challenges lie ahead for Chinese banks
Fitch Ratings said in a special report published today that while 2007 was a splendid year for the majority of Chinese banks under its coverage, earnings growth is expected to moderate in 2008 due to the central bank’s tightened monetary stance and the correction currently underway in the equity market, which will stunt the growth of fee income.
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Moody’s reports on Islamic financial institutions’ risk profiles
Risk management is at the heart of banks’ financial intermediation process. Islamic financial institutions, like their conventional banking peers, face many challenges in adequately defining, identifying, measuring, selecting, pricing and mitigating risks across business lines and asset classes, albeit that the actual risks may differ, says Moody’s Investors Service in its special report entitled “Risk Issues at Islamic Financial Institutions”.
“Risk management has assumed utmost importance at a time when complexity and volatility in financial markets have become both differentiating factors building competitive advantages and sources of risk entanglement,” says Anouar Hassoune, a Moody’s Vice President/Senior Credit Officer and author of the report.
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TRIS Rating Affirms Company Rating of “Mega ICBC” at “A+”, Short-term Issue Rating at “T1” with “Stable” Outlook
TRIS Rating Co., Ltd. has affirmed the company rating of Mega International Commercial Bank PLC (Mega ICBC) at “A+” and has also affirmed the rating of the bank’s Bt3,000 million debentures under short-term debenture program at “T1” The rating outlook remains “stable”
The “A+” company rating of Mega ICBC reflects the strong parent support Mega ICBC receives from its Taiwanese parent bank as a strategic importance to penetrate into the Asia Pacific region.
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ING reveals Asia-Pacific investors expect to see better investment climate for Thailand in 2008
ING Group discloses results of a survey conducted to find out the opinions of investors in 13 countries within the Asia-Pacific Region, saying 69% of surveyed investors believe the overall investment climate in Thailand in 2008 will improve especially during the first 3 months of the year, while up to 93% of the investors are confident that India will enjoy greater investments.
ING Group has conducted a survey to collect valuable opinions from investors in 13 countries across
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AsiaNet Daily Summary, Press Releases for Wednesday, January 30, 2008
ASOKA CHINA… FOSTER CITY, California - Asoka USA, a leading HomePlug powerline network solutions provider, announced today the opening of its Asoka office in Hong Kong, China. The office, to be managed by the company’s founder and CTO, TK Chan, will be the central location for Asia Pacific (APAC) sales and marketing.
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Photo Release: Gold Bar from Ausiris makes ideal gift for Chinese New Year
Leading Thailand gold investment consultants Ausiris are proposing a gilt-edged gift for Chinese New Year next month. Ausiris company president and CEO Boonlert Siripatvanich, suggests choosing the gift from three available gold bar options which offer different levels of purity, namely 96.5%, 99.99% and PAMP, a gold bar quality brand obtained exclusively from Switzerland.
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