Thailand Financial News

Moody’s Investors Service has affirmed all ratings of Bank Internasional Indonesia (BII). These include BII’s bank financial strength rating of D, long-term/short-term global local currency deposit rating of Baa3/Prime-3, issuer and foreign currency subordinated debt rating of Ba2, and long-term/short-term foreign currency deposit rating of B1/ Not Prime.
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Fitch Ratings has just published a special report titled “The Korean Banks: Annual Review and Outlook”, focusing on the five major commercial banks - Kookmin Bank (’A+’/Stable), Shinhan Bank (’A'/Stable), Woori Bank (Woori, ‘A-’ (A minus)/Positive), Hana Bank (’A-’ (A minus)/Stable) and Korea Exchange Bank (KEB, ‘A-’ (A minus)/Stable) - and notes that these five banks account for about 56% of system wide loans.
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Falling home prices and inappropriate mortgage underwriting have grabbed the headlines and much of the blame for mortgage credit woes in recent months. But the significant rise in mortgage fraud over the past 10 years is another important trend. New research from TowerGroup predicts that losses from mortgage fraud will reach $2.5 billion (USD) in 2008 and that comparable losses will continue for several years thereafter.
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AIRA Securities Plc. together with settrade.com, official website of The Stock Exchange of Thailand and Thailand Securities Institute , recently organized a seminar under the topic “Professional Investment Strategy for Online Investors”. The event was aimed to provide know-how and technique of online investment to investors in order to facilitate self-analysis and prompt decision making for buying and selling.

The seminar was hosted by Mr.
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Settrade.Com (SETTRADE)’s website, www.settrade.com, has won the Government Information Technology Services (GITS)’s Truehits Award 2007. It was the Most Visited Finance Site in the Banking-Finance category for the fifth year running. The site provides a one-stop service for investors and offers information on all capital market products.

The Truehits Award 2007 is given to the 50 most popular websites in Thailand, and the top sites in 19 categories, SETTRADE’s CEO Chanisa Chutipat said.

“Free comprehensive insurance for 3 years”

“Free maintenance for 3 years”
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Group Head of Corporate Finance, Regional Head of Origination and Client Coverage, North East Asia and Global Head of Strategic Client Coverage Group appointed

Standard Chartered Bank announced three senior appointments in Corporate Finance and Origination and Client Coverage.
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JCB and its international subsidiary JCB International (JCBI) announced the launch of ‘Minsheng Lady Flower - Aupres Co-branded Card’ with China Minsheng Banking Corp., Ltd. (Minsheng), its sixth Chinese issuing partner, and Shiseido Liyuan Cosmetics Co., Ltd.
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HSBC has announced the appointment of Amit Gupta as Managing Director, Head of Global Markets, Singapore, with effect from 1 April, succeeding John McGowan who will be retiring in June this year. Mr Gupta will report to Guy Harvey-Samuel, Chief Executive Officer of HSBC Singapore and functionally to Gordon French, Managing Director for Sales and Regional Treasury Management in Asia Pacific, who is based in Hong Kong.

Gordon French said: “Amit’s appointment demonstrates our commitment to continue to build on HSBC’s strong position in the Singapore market.
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Sumitomo Mitsui Banking Corporation (SMBC) announces that its application to open an office in the Qatar Financial Centre (QFC) in Doha, Qatar was approved by the QFC on 8 March, 2008. SMBC is the first Japanese bank that has been granted a license by the Qatar Financial Centre Regulatory Authority.
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