Thailand Financial News

Kiatnakin Bank reported a 20%yoy jump, or 674 million baht, in the net profit for the third quarter. The nine-month net profit stands at 1,532 million baht, up 3% from the same period last year, while hire purchase loans growth remained at 30.3%ytd. Additionally, Kiatnakin Bank is planing to launch special promotions in SET in the City and Motor Expo events.

Mr.
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SCB will join the “Chiang Mai Money Expo 2008: Wise Investment for Better Opportunities” during 7-9 November 2008 at the Chiang Mai University Auditorium. This is the third Money Expo held in Chiang Mai. Customers applying for an SCB product or service in the event will get a chance to win a free package tour to 3 European countries.

Most global property markets and falling - where does this leave Thai property and the foreign dominated resort market?

Not the most comfortable question to ask or answer in view of the current global morass. A recent letter to the Bangkok Post expressed surprise that despite failing global fortunes Thai property commentators were talking up the local market, and questioned the objectivity of property articles.
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Pictured (from left): Nattawat Woranopkul, Country Manager of HTC (Thailand) Ltd., receives a COMWORLD Distinguised Award from former Deputy Prime Minister and Minister of Finance Surapong Subwonglee, as Wiroj Asawarungsri, Managing Director of The Aspire Group Co Ltd., looks on.
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Deutsche Bank reported net income of EUR 414 million, versus EUR 1.6 billion in the third quarter 2007. Earnings per share on a diluted basis were EUR 0.83 for the third quarter 2008, versus EUR 3.31 per share in the prior year quarter. Income before income taxes was EUR 93 million, versus EUR 1.4 billion in the prior year quarter.
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In view of the adverse developments and volatility in the international financial markets, the Monetary and Financial Stability Committee (”MFSC”) of the Executives’ Meeting of East Asia-Pacific (EMEAP) Central Banks held a number of special teleconferences to discuss developments in the region.

The Committee noted that the limited exposures of EMEAP economies to foreign troubled assets have helped to mitigate the negative impact of the crisis on financial institutions and markets in member economies.
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Thailand Condo Expo 2008

Embracing over 100 premium-grade condominium projects, located both in Bangkok and popular holiday destinations, Thailand Condo Expo 2008 will also bring together at least seven leading financial institutions offering related financial products.
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Construction of the Met condominium on Sathorn Road is on schedule despite Thailand’s domestic political problems and the Global Financial Crisis.

“75% of the units have been sold and our buyers want to move in as soon as possible” said Ray Yow director of Pebble Bay (Thailand) Co., Ltd.
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KTC co-operated with giant allies, Thai Airways International and MasterCard Worldwide, once again shaking Thai credit card business with the launch of the credit card “KTC - Royal Orchid Plus World MasterCard,” the 1st innovative diamond and gold decorated credit card in Thailand and 3rd in the world, which is also the highest level of all MasterCard.
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Mr.Chaovarat Chaochavanil Executive Vice President of Thai Asset Management Corporation (TAMC) recently organized the ‘”Innovative Investment in the Values of Agricultural Land’ seminar providing the investment strategy in farmland practice with Dr.Anusorn Tamajai, Dean of Economics Faculty for Rangsit University and Mr.Tawat Nokkhunthong, Promotion and Procurement Department Manager of Siam Forestry Co., Ltd as guest speakers at the meeting room of Thai Asset Management Corporation on Exim Building.

Seen in photo from left are:
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