KTC and Bank for Agriculture and Agricultural Cooperatives (BAAC) to sell Taweesin savings lottery tickets in support of job creation in rural areas.
Pittaya Vorapanyasakul (right), Executive Vice President for Membership Marketing, “KTC” or Krungthai Card Public Company Limited, and, Poonsook Musiklad (left), Executive Vice President, Bank for Agriculture and Agricultural Cooperatives, jointly signed the agreement appointing KTC as a distributor for the “Thai Orchid” series of Taweesin savings lottery.
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Bank of Ayudhya Offers 3.0-3.3% Interest Rate Per Annum for newly launched 9-Month Time Deposit and B/E
Bank of Ayudhya Public Company Limited offers a 9-month time deposit called Value Choice with monthly interest payment. The interest rate ranges 3.0%-3.1% per annum subject to deposit amount, which is 3.0% per annum for depositing from 50,000 baht to less than 2 million baht and 3.1% per annum for deposit of 2 million baht and up to serve customers’ need in medium-term savings.
The Bank also offers 9-month Bill of Exchange which are not transferable and will be registered under the name of the holder.
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BlackLight Power Inc. Announces Commercial Ready Alternative Energy Solution
BlackLight Power Inc. today announced the successful testing of a new energy source. The company has successfully developed a prototype power system generating 50,000 watts of thermal power on demand. Incorporating existing industry knowledge in chemical and power engineering, BlackLight Power (BLP) is pursuing the immediate design and engineering of central power plants utilizing the BlackLight Process.
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Norinchukin Bank and MUFJ sign MOU on capital alliance
The Norinchukin Bank (Norinchukin), Mitsubishi UFJ Financial Group, Inc. (MUFG), The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mitsubishi UFJ NICOS Co., Ltd., as part of their effort to build strategic business and capital alliance relationships in the JA Bank retail business, entered into a memorandum of understanding on September 20, 2007 in which the companies agreed to pursue discussions about maintaining and developing a capital alliance relationship between Norinchukin and Mitsubishi UFJ NICOS.
Today, in accordance with that memorandum, Norinchukin and MUFG have entered into a basic agreement under which MUFG will make Mitsubishi UFJ NICOS into a wholly owned subsidiary and then transfer a portion of its shares of Mitsubishi UFJ NICOS common stock to Norinchukin in accordance with the detailed terms to be set forth in a share transfer agreement.
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French online brokerage joins Saxo Bank
Saxo Bank, the Online Investment Bank, Will Join Forces With its Partner of More Than Two Years, Cambiste, a French Online Brokerage, in a Move Designed to Reinforce the Group’s Activities in France.
The proposed transaction between Danish investment bank, Saxo Bank A/S (”Saxo”) and Cambiste would, upon completion, reflect a strategic move by Saxo to address sophisticated French online investors’ growing appetite for Forex and Contracts for Differences (CFDs) and to further strengthen the bank’s ability to grow its business together with its French based partners.
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Moody’s publishes report on risks of credit default swaps
The most significant systemic risk posed by credit default swaps (CDS) is the effect the failure of a major CDS counterparty, such as a large universal bank or securities firm, would have on the operational integrity and pricing in the markets for CDS and, potentially, the underlying securities, such as corporate bonds, Moody’s Investors Service reports.
In a report designed to dispel some common misperceptions about the CDS market and to examine its true risks, the rating agency concludes that the sheer size of the market in notional terms and its exposure to “credit events” among underlying securities do not, in and of themselves, pose undue concern.
–www.theasianbanker.com (May 29 2008)–
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Moody’s rates Macquarie Group’s CPS at Baa1
Moody’s Investors Service assigned a Baa1 rating to Macquarie Group Limited’s Convertible Preference Securities (”CPS”). The rating outlook is stable.
The Baa1 rating reflects the deeply subordinated status of the CPS in bankruptcy, as well as the restrictions on distributions under certain conditions.
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First-of-its-kind Study Finds Alpha High-theft Security Device Provides Drop in Shrink and Rise in Sales for Razor Blades at Large U.S. Retailers
Checkpoint Systems’ Alpha Division, a global leader in innovative security and merchandising solutions for high-shrink products, today presented the first study on razor blade shrink in the retail sector.
The study was conducted by Read Hayes, Ph.D., Director of the Loss Prevention Retail Council (LPRC) based in Florida, U.S., and a well-known expert on retail security and loss prevention.
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AsiaNet Daily Summary - Press Releases for Wednesday May 28, 2008
OMNIVISION LAUNCHES… SUNNYVALE, Calif.: OmniVision Technologies, Inc., the world’s largest supplier of CMOS image sensors, Wednesday launched its OmniBSI architecture, a novel sensor design that adopts a radically different approach to traditional CMOS image sensor technology.
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Online game operator to list on Thai bourse on May 29
Asiasoft Corporation PCL, online game operator and distributor, will commence trading in the Media & Publishing sector of the Services group of The Stock Exchange of Thailand (SET) on May 29. This follows its successful capital mobilization worth THB 900 million which will enable it to expand the online game business in Malaysia and Vietnam, acquire licenses of new online games, invest in additional servers and computer systems, and develop online games in-house.
Asiasoft will use “AS” as its trading symbol, SET Executive Vice President Vichate Tantiwanich said.