Thailand Financial News

Mr. Narongkorn Moolnark Chairperson and Major Shareholder of KALEO EMPEROR COMPANY LIMITED has launched new business line. The new business line is KALEO EMPEROR COMPANY LIMITED [RESOURCES], its Charcoal product. This new business line is invested in the energy business industry for Charcoal Products such as Wooden Charcoal, Briquette Charcoal to supply the world’s market demand. (more…)

NEVER LOSE FRIENDS… LONDON - Telnic Limited ( http://www.telnic.org ), the registry operator for the new communications-focused .tel top level domain (TLD) which has sold over 200,000 domains in six weeks since launch, today announced that .tel Superbook for the iPhone and iPod Touch is now available to download for free on the Apple App Store. (more…)

Impiana Phuket Cabana Resort & Spa offers Green Season Deal Stay 2 Nights and get the 3rd night for Free

Package Includes:

* Minimum 3 nights accommodation in a Superior Garden View room for 2 persons

* Complimentary Daily Buffet Breakfast for 2 persons on paid nights only

* Complimentary welcome drink and fruit basket on arrival

* 30% discount at Swasana Spa (applicable to Spa Packages only)

* Round trip private transfers from/to Phuket International Airport at a discounted

rate of THB 1,200 per car

Terms and Conditions:

* Room rate at THB 6,600 nett/night

* Rates are quoted in Thai Baht

* Minimum 3 nights stay require

* Package is valid for 2 persons only. (more…)

Taiwan, aiming to catch the green technology wave, plans to invest more than US$1 billion to support R&D and and create national standards for new energy-saving industries.

Taiwan’s Executive Yuan, or Cabinet, on April 30 passed a proposal to invest at least NT$20 billion (US$588 million) in R&D for green-energy technology and NT$25 billion in installation of environmentally friendly equipment including light-emitting diodes and solar panels, according to the Executive Yuan.

Taiwan’s Ministry of Economic Affairs (MOEA), after nearly two years of work with the LED industry, has announced proposed standards for LED lighting and the first national standard for LED street lighting.

The Cabinet aims to boost revenue from Taiwan’s green-energy industry to NT$1.5 trillion (US$34 billion) by 2015, accounting for 6.6% of the total revenue of Taiwan`s manufacturing industry and creating 110,000 jobs in the meantime, the government body said on its website. (more…)

For those who are looking to buy a flat-screen TV, now may be the best time to take advantage of low prices, according to people in the industry.

Prices of liquid-crystal displays (LCDs) used in TVs and computer monitors plummeted by nearly 50 percent last year as the global economy entered a slump, according to Henry Wang, the head of market research firm Witsview Technology in Taipei. (more…)

MediaTek Inc., the world’s seventh-largest chip designer, and Ali Corp. are leading Taiwan’s chip-design industry out of a slump that impacted the global technology industry starting in the third-quarter last year.

MediaTek’s first-quarter 2009 sales rose by 16.4 percent to NT$17.7 billion (US$522 million) from the same period in 2008, based on information the company released to the Taiwan stock exchange authorities. (more…)

According to research of the Taipei-based Market Intelligence & Consulting Institute (MIC) conducted as part of the ITIS project, shipment volume of the Greater Chinese notebook PC industry in the full-year 2009 is forecast to reach 114 million units, while worldwide notebook PC shipment volume in 2009 is forecast to reach 123 million units. (more…)

Commonwealth Bank of Australia (CBA), one of the leading banks in Australia, has successfully completed the book-building exercise for its debut Thai Baht bonds – THB 4 billion (USD 116 million) with tenor of 4- and 7-years. HSBC is the Sole Bookrunner and Sole Lead Manager of this transaction.  The success of this transaction demonstrates CBA’s strength as an issuer and HSBC’s strong global debt capital markets platform in assisting its clients to successfully reach new emerging local currency bond market.

CBA (Aa1/ AA/ AA by Moody’s/ S&P/ Fitch) is one of two foreign issuers which obtained permission from the Thai Ministry of Finance to issue Baht-denominated bonds in the February 2009 round of approvals.

With CBA’s strong credit and solid financial position, its debut Thai Baht bonds were well-received by investors who are looking for high quality credit paper.  The bonds were split equally into 2 tranches: 4-year and 7-year tenors with an issue amount of Thai Baht 2.0 billion each.  The coupons for the 4-year and 7-year tranches were  3.93% pa and 4.80% pa, respectively, implying spreads of 140 bps and 158 bps over comparable government yields on the bookbuilding dates. (more…)

TMB Bank Pcl, today announced a lending rate cut for minimum overdraft rate and minimum retail rate of a quarter of one percentage point effective from 29 May 2009.

TMB Bank Chief Executive Officer Mr. Boontuck Wungcharoen said the bank has lowered its minimum overdraft rate and minimum retail rate by 0.25%, bringing its minimum overdraft rate to 6.50% and minimum retail rate to 6.75%.

“The reduction in lending rate is aimed at helping businesses, especially SMEs to lower their borrowing costs. (more…)

Despite mounting evidence that the first quarter of 2009 may prove to be the low point of the current economic slowdown in Europe, it would be unwise to expect anything like a strong upturn says a report titled “European Economic Outlook: The Long, Slow Climb From Recession Begins,” published yesterday by Standard & Poor’s. (more…)