Thailand Financial News

BRANDES SUBMITS… SAN DIEGO: Brandes Investment Partners, L.P. Tuesday announced that on April 11th, 2008 it submitted to Hibiya Engineering, Ltd., an engineering company based in Japan and listed on the Tokyo Stock Exchange, a resolution to be submitted for shareholder approval at the company’s upcoming annual meeting of shareholders.
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HSBC Credit Card unveils HSBC Rewards 2008, an unrivalled rewards catalogue offering a convenient and simple rewards redemption with greater values to its cardholders. HSBC card members will enjoy a wide range of cash vouchers from more than 100 leading merchants serving all types of lifestyles such as department stores, hyper-markets, restaurants, traveling, transportation/hotels, mileages programme, and cash back to their credit card accounts.
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Game on for two true Thai organizations : KTC and Thai Airways. with 4 exclusive credit cards in a row under VISA, MasterCard and JCB umbrellas. “KTC – Royal Orchid Plus credit cards” More privilege than ever: With free for life offer and rewards points with no expiry date

Two genuine Thai heavyweight companies KTC and Thai Airways International are set to introduce their first joint credit cards for the Thai people.
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EXIM Thailand and SME BANK expand mutual cooperation to provide fully-integrated international trade financing services to enhance SME production capability and competitiveness in the global marketplace. Apart from import financing for machinery purchase, EXIM Thailand will also issue standby letter of credit to support SME investments abroad in line with the Bank’s new proactive role in national development.

Dr.
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Through the first quarter of 2008, 17 defaults were recorded, compared with only six in the same period last year, according to an article published today by Standard & Poor’s. The report, titled “Global Bond Markets’ Weakest Links And Monthly Default Rates,” says that four additional defaults have been recorded in April, bringing the total to 21, affecting debt worth $12.8 billion.

“The U.S.
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Mobile and Wireless Group (MWg), the company which took over O2 Asia’s operations, has launched in Thailand with the unveiling of a new product featuring GPS.

MWg is a Singapore-based start-up, formed by the former management of O2 Asia, which develops and markets premium converged devices for a global market.
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Deutsche Bank reported a net loss of EUR 141 million, or 27 cents per share, for the first quarter of 2008, and a loss before income taxes of EUR 254 million. Markdowns of EUR 2.7 billion were recorded in respect of leveraged loans and loan commitments, commercial real estate and residential mortgage-backed securities (predominantly Alt-A).
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Citi announced it has commenced an offering of approximately $3 billion of common stock. Citi expects the offering to include an over-allotment option to purchase additional shares of common stock. The offering is being conducted as a public offering registered under the Securities Act of 1933.

On a pro forma basis, after giving effect to Citi’s recent issuance of $6 billion of preferred stock and an assumed issuance of $3 billion of common stock in this offering, as of March 31, 2008, Citi’s Tier One capital ratio would have been approximately 8.5%.
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Ms. Sopawadee Lertmanaschai (2nd from the left) CEO, Thailand Securities Depository Co., Ltd. (TSD) and Mrs. Kongkeaw Piamduaytham, SVP, Depository & Clearing Division had recently presented information about TSD Services to Japanese institutional investors during their trip to Japan to attend the CSD Interim Meeting and CCP 12 Global Conference.
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Ms. Sopawadee Lertmanaschai (2nd from the left) CEO, Thailand Securities Depository Co., Ltd. (TSD) and Mrs. Kongkeaw Piamduaytham, SVP, Depository & Clearing Division had recently presented information about TSD Services to Japanese institutional investors during their trip to Japan to attend the CSD Interim Meeting and CCP 12 Global Conference.
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