Thailand Financial News

Fitch Ratings said today that Thai banks’ results in 2007 were impacted by higher provisioning under new regulatory rules, as well as a slowdown in the domestic economy arising from the political uncertainty following the September 2006 coup. Banks with lower levels of reserves were impacted the most, with significant losses reported by some banks - notably TMB Bank Public Company Limited (TMB) which was recapitalised at end-December 2007 with a capital injection from ING Bank NV (rated ‘AA’).
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Startech Environmental Corp. (OTC Bulletin Board: STHK), a fully reporting, internationally recognized Award-winning Environment and Energy company announced today that “waste2greenenergy (w2ge),” the Company’s distributor for the United Kingdom and for the Republic of Poland, intends to install its first Plasma Converter System at a designated facility in Bytom, Poland to process ten-tons of industrial waste per day.

Joseph F.
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Bank of Ayudhya Public Company Limited (BAY) launches new personal loan product “Krungsri Smile Cash Line”, a ready credit with high credit limit and utmost convenience in withdrawing cash from Krungsri ATMs nationwide for 24 hours. Customers can apply without collateral or guarantors.

Mr.
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Mr. Chao Arunyawat, Managing Director together with Ms. Suntree Kiattipongthavorn, Senior Vice President of Derivatives Department, Seamico Securities Public Company Limited and his staff over 10 persons has launched its first social contribution campaign “Seamico on Tour – Flashing Ideas on Beating Thai Market” in order to educate people in up-countries towards investment.
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MYWAVES GROWS… SUNNYVALE, Calif.: mywaves, the largest mobile video destination, Monday announced several new advertising clients including Microsoft, Mini, Paramount Pictures, and Toyota, tallying more than 20 new ad advertisers to the global mobile video service since December 2007.
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TMB Bank PCL held the opening ceremony of the 2008 Young Investors Program at its headquarters recently. The program invites 3rd and 4th year students from Thai higher education institutions to be selected for a summer training course on investment and entrepreneurship.
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Fitch Ratings said today that Thai banks’ results in 2007 were impacted by higher provisioning under new regulatory rules, as well as a slowdown in the domestic economy arising from the political uncertainty following the September 2006 coup. Banks with lower levels of reserves were impacted the most, with significant losses reported by some banks - notably TMB Bank Public Company Limited (TMB) which was recapitalised at end-December 2007 with a capital injection from ING Bank NV (rated ‘AA’).
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Swissotel Le Concorde Bangkok joins with UOB Credit Card present more privileges at hotel’s restaurants for UOB Credit Card Holders only, from now until June 15, 2008.
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Bangkok Bank will sell a special tranche of the Finance Ministry’s 2008 savings bonds from April 2-11, 2008. The bonds will be exclusively available for sale to people aged 55 or older during the first three days and will be sold at all branches except Micro branches.
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Bangkok Bank will sell a special tranche of the Finance Ministry’s 2008 savings bonds from April 2-11, 2008. The bonds will be exclusively available for sale to people aged 55 or older during the first three days and will be sold at all branches except Micro branches.
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