Thailand Financial News

FLEETPARTNERS NZ… AUCKLAND - The management of FleetPartners New Zealand, one of the countrys largest fleet solutions companies, today announced it was poised for long term growth following an agreement executed for its sale. LIST MANAGEMENT… SYDNEY - Recent research conducted by Norkom Technologies reveals that, while the costs associated with watch list management continue to rise, most financial services organizations are struggling to meet their regulatory obligations and are ill-prepared to monitor suspected terrorist activity in times of crisis.
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AIG presents the new Manchester United Card to leverage on the great popularity enjoyed by Manchester United in Thailand to bring a unique financial solution to fans of the Club.

Mr. Charly Madan, President of AIG Retail Bank (Thailand) Co., Ltd, on behalf of AIG Consumer Finance Group in Thailand, said that Manchester United is the most well known football club in the world and has established a long and loyal relationship with football fans in Thailand.
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Football and synchronized swimming the most likely battlegrounds

Some of the toughest competitions during the Beijing 2008 Olympic Games may be at home over the television remote control, according to a Visa survey which shows a divergence between men’s and women’s interests in Olympic sports.
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TMB Bank Public Company Limited unveiled its new vision to become a leading Thai Bank with world-class financial solutions, and outlined the seven-point key business actions to be accomplished in the next five months, Mr. Boontuck Wungcharoen, Chief Executive Officer of the Bank said today during his first press conference since his appointment to TMB on July 14.

Mr.
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More than 100 million consumers living in the United States today are considered “unbanked,” “underbanked,” or credit underserved, and often rely heavily on nonbank providers of financial services to conduct their financial transactions.

Despite various regulations enacted to provide banking services to a broader range of consumers, many financial services institutions fail to offer the products needed by this significant portion of the U.S.
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Standard & Poor’s U.S. investment-grade composite credit spread tightened to 262 basis points (bps) yesterday, a 9-bp change from Monday’s widened figure. With continued pressure on financial institutions and banks, the investment-grade credit spread is expected to remain range-bound at present high levels.

Standard & Poor’s U.S.
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OCBC Bank is the first to establish a business banking centre in the area. Investment in banking channels and financial solutions paid off garnering business from more than 40 percent of companies in the industrial area.

Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) announced the official opening of its first full-service Business Banking Centre (BBC) in the Ubi-Paya Lebar area.
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Shinsei Bank, Limited, a leading diversified Japanese financial institution, has announced consolidated net income of 10.8 billion yen for the first quarter ended June 30, 2008, compared to a consolidated net income of 31.2 billion yen reported in the first quarter ended June 30, 2007.
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ILOG announced they have signed an agreement regarding a proposed acquisition by IBM of ILOG to be implemented by way of concurrent cash public tender offers in both France and the United States. Through this proposed transaction, IBM will combine its business process management (BPM), business optimization, and service oriented architecture (SOA) technologies with ILOG’s Business Rules Management Systems software.
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Moody’s Investors Service has assigned an A3 rating to Malayan Banking Berhad’s (Maybank) proposed SGD Innovative Tier 1 capital securities callable in 2018. The outlook for the rating is stable.

The rating reflects the issue’s structure and the bank’s above-average financial fundamentals.
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