Thailand Financial News

The AustCham Thailand, led by Mr. Shane Torr, President (4th right), recently organised ‘The AustCham Sundowners’ to strengthen networking opportunities in Pattaya and the Eastern region at ICE Bar, Ocean Tower, at Amari Orchid Resort & Tower. (more…)

Renowned for its genuine toughness and strength, the Ford Ranger takes a confident step forward with the debut of the high-impact Ranger Max show truck at the Thailand Motor Expo.

Ranger Max pushes everyone’s expectations of Ranger to the max. Visually bold and muscular, it takes to the stage at the Ford stand with confidence, sophistication and craftsmanship. (more…)

The high-impact Ranger MAX Show Truck made its world premiere in Bangkok as the 25th Thailand International Motor Expo started today. Joining the global show truck is a full range of all Ford nameplates including the newly-launched Ford Focus TDCi with 6-speed PowerShift dual clutch and the new Ford Escape, both with an accent of kinetic design, as well as the Ford Everest and Ranger.

“There is no better place than Bangkok to host the world debut of the bold Ranger MAX Show Truck. (more…)

Mr.DEJ PATHANASETHPONG , President of TGMA (Thai Garment Manufacterers Association), explained at the official statement event of the concept of making Thailand the production linkage of the garments in ASEAN recently took place at J.W. Marriot Hotel that such the event was done to make the government and private agencies dealing with the garment industrial confident of the competitiveness of the garment industrial of Thailand. (more…)

Chockchai Kowrapapong (left), M.D., Health and Medical Services Manager, Chevron Thailand Exploration and Production, Ltd. and Emeritus Professor Prapan Panupark (center), M. D., Director, Thai Red Cross AIDS Research Center presided over and participated in panel discussion at the launch of the pilot project “Voluntary HIV Blood Test for Chevron Employees and Family” which was joined by well-known actress Paradee Yuphasuk (right). (more…)

Fitch Ratings has assigned a final rating of ‘F1+(ind)(SO)’ to Series A Pass Through Certificates (PTCs), issued by an SPV called Credit Asset Trust Series LIV. The transaction is a securitisation of receivables from a short-term loan maturing on 12 March 2009. (more…)

Shinsei Bank, Limited, today announced the launch of Shinsei Step Up, a new three-level program that will make it even more rewarding to bank with Shinsei. In today’s challenging environment, individual customers are taking increasing responsibility for their financial futures. (more…)

Moody’s Investors Service today downgraded the long-term bank deposit and senior debt ratings of Caja de Ahorros de Santander y Cantabria (Caja Cantabria) to A3 from A2. The short-term debt and deposit ratings were also downgraded to Prime-2 from Prime-1. (more…)

The fundamental credit outlook for the Danish financial institutions is negative, reflecting the recent weakening in their profitability and asset quality and the operating environment, says Moody’s Investors Service in its new Banking System Outlook for Denmark.

Moody’s negative outlook for the Danish banking system expresses the rating agency’s view on the likely future direction of fundamental credit conditions in the industry over the next 12 to 18 months. (more…)

Fitch Ratings has today published a special report on the Malaysian insurance sector, “The Malaysian Insurance Market: Survival of the Fittest”, providing an overview of the impending regulatory changes facing the industry, as well as an analysis of the competitive landscape. (more…)