Thailand Financial News

- Signs funding agreement with three local financial institutions

- Will implement three important projects

- Demonstrates commitment to further growth in Thailand and ASEAN

General Motors Thailand (GMTH) today celebrated the signing of an official agreement with three leading local financial institutions to secure investment funding and working capital.

The funds will be channeled to three of GMTH’s most important growth initiatives: a next-generation pickup, an SUV and a new diesel engine plant. (more…)

Ratchaburi Electricity Generating Holding PCL. cordially invites members of the press to attend a press conference on:

“The Operating Performance of 2009 and

Business Direction of 2010” Presented By

Mr.Noppol Milinthanggoon

Managing Director, Ratchaburi Electricity Generating Holding PCL.

Ms. (more…)

KASIKORNBANK, in collaboration with China Minsheng Banking Corporation (CMBC), has opened a new chapter in the Sino-Thai banking business, opening the financial frontier between the two countries by merging the service networks of the two banks to allow cross-border services. (more…)

The Colory Vivid, a HIP Condo adjacent to Ratchada-Huaykwang MRT, announced a 30% presale and an Open House sale on this coming February 6, 2010. In the event, the project, which is valued at 500 million Baht, will offer many one-time deals including lucky draws for one-price promotion of 49,000 Baht/SQM on selected floors making a special starting price of 1.5 million Baht for a 31-SQM one-bedroom suite with two restrooms and complete fixtures.

Mr. (more…)

New serviced residence is the largest in prime Soi Thonglor district

CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened its eighth property in Bangkok, Thailand. The 262-unit Somerset Sukhumvit Thonglor is the largest serviced residence in Bangkok’s prime Soi Thonglor district which is well-known amongst expatriates and travellers for the convenience and vibrant international lifestyle it offers.

Mr Alfred Ong, Managing Director for Southeast Asia and Australia, said: “Ascott has built a strong presence in Thailand over the last decade with our three distinct brands – Ascott, Somerset and Citadines – which cater to travellers’ different lifestyles. (more…)

HP today announced three new offerings to help businesses and telecommunication service providers realize the benefits of cloud computing while optimizing costs and mitigating the risk of adoption.

Research conducted on behalf of HP shows that more than 90 percent of senior business decision makers believe business cycles will continue to be unpredictable in the next few years. (more…)

–Japan’s fiscal flexibility has diminished.

–We revised the outlook on the long-term rating to negative from stable

–We affirmed our ‘AA’ long-term and ‘A-1+’ short-term sovereign credit ratings on Japan. Standard & Poor’s Ratings Services today revised to negative from stable its outlook on the ‘AA’ long-term rating on Japan. (more…)

Fitch Ratings (Thailand) Limited has today affirmed Thai Oil Public Company Limited’s (TOP) National Long-term rating at ‘AA-(tha)’ and National Short-term rating at ‘F1+(tha)’. At the same time, the agency has affirmed the ‘AA-(tha)’ National Long-term rating on TOP’s senior unsecured debentures. (more…)

Kunka Corporation will launch 2 new motorbikes for the 1st time in Asia at Bangkok Motorbike Festival 2010 to be held during January 28-31, 2010 at the Central World.

For the 1st time in Asia, Kunka Corporation will launch 2 new motorbikes, i.e. premium KTM from Austria, after being granted a sole distributorship in Thailand, and two new CAN-AM SPYDERs (RS 2010 and the latest RT models) from Canada, at Bangkok Motorbike Festival 2010 to be held during January 28-31, 2010 at the Central World. (more…)

The Hong Kong Monetary Authority (HKMA) and Bank Indonesia jointly announced today (Monday) that the new cross-border payment-versus-payment (PvP) link between Hong Kong’s US Dollar real time gross settlement (RTGS) system and Indonesia’s Rupiah RTGS system has been launched on 25 January 2010. (more…)