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	<title>Thailand Financial News</title>
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	<pubDate>Thu, 11 Mar 2010 08:41:01 +0000</pubDate>
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		<title>KTC, Maduzi Hotel and True Visions pamper high-end credit card members. Japanese Iron Chef to be flown in for exclusive cooking sessions.</title>
		<link>http://www.thailand-financial-news.com/2010/03/11/ktc-maduzi-hotel-and-true-visions-pamper-high-end-credit-card-members-japanese-iron-chef-to-be-flown-in-for-exclusive-cooking-sessions/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/11/ktc-maduzi-hotel-and-true-visions-pamper-high-end-credit-card-members-japanese-iron-chef-to-be-flown-in-for-exclusive-cooking-sessions/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 08:41:01 +0000</pubDate>
		<dc:creator>newsbot</dc:creator>
		
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		<guid isPermaLink="false">http://www.thailand-financial-news.com/2010/03/11/ktc-maduzi-hotel-and-true-visions-pamper-high-end-credit-card-members-japanese-iron-chef-to-be-flown-in-for-exclusive-cooking-sessions/</guid>
		<description><![CDATA[Jiraporn Srisaarn, Vice President-Net Worth Marketing, “KTC” or Krungthai Card Public Company Limited, said “Our plan to approach high-net worth clients more aggressively this year has been satisfactory so far. We are introducing new partners to render even more creative programs at this time. The latest collaboration is with Maduzi Hotel where we have made [...]]]></description>
			<content:encoded><![CDATA[<p>Jiraporn Srisaarn, Vice President-Net Worth Marketing, “KTC” or Krungthai Card Public Company Limited, said “Our plan to approach high-net worth clients more aggressively this year has been satisfactory so far. We are introducing new partners to render even more creative programs at this time. <span id="more-12153"></span>The latest collaboration is with Maduzi Hotel where we have made arrangements for the appearance of Iron Chef Hiroyuki Sakai in Thailand. The famous cuisinier from the Iron Chef television cooking show who also owns and operates Japanese’s top French restaurant “La Rochelle” will cook up personalized French dishes with organic produces from the Royal Projects for discerning KTC credit card members at the restaurant of Maduzi Hotel. Only forty guests can be accommodated on the two days from April 5th to 6th, 2010 from 06:30 P.M. at the price of 7,500 Baht++ per person. Diners will have the chance to sample extremely rare culinary delights and meet the celebrity chef in person. Wine lovers should be in for extra delight as Chef Sakai has carefully selected the best French wines to pair with all courses of the meal. The cost of dinner with wine is only 9,500 Baht++ per person. The special offer is one free bottle of wine worth 1,250 Baht for every 15,000 Baht spent via a KTC credit card with the right to book a room at Maduzi Hotel for only 3,500 Baht++ per night as opposed to the regular rate of 7,300 Baht++ per night.”</p>
<p>“For more information or reservation, please call Maduzi Hotel at 02-651-6400 from March 10th, 2010.”</p>
<p>For more information, please contact</p>
<p>Public and Corporate Affairs Department</p>
<p>Krungthai Card Public Company Limited</p>
<p>Kandtharat Chermchitphong Tel. 02-828-5057</p>
<p>Suchada Weerasakulrak Tel. 02-828-5732</p>
<p>Nutchanok Somsawat Tel. 02-828-5048</p>
<p>Fax.02-828-5046</p>
<p>E-mail: ktc_pr@ktc.co.th</p>
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		<title>ROLLS-ROYCE SIGNS TOTALCARE? SERVICES AGREEMENT WITH  MALAYSIA AIRLINES</title>
		<link>http://www.thailand-financial-news.com/2010/03/11/rolls-royce-signs-totalcare-services-agreement-with-malaysia-airlines/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/11/rolls-royce-signs-totalcare-services-agreement-with-malaysia-airlines/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 08:23:04 +0000</pubDate>
		<dc:creator>newsbot</dc:creator>
		
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		<guid isPermaLink="false">http://www.thailand-financial-news.com/2010/03/11/rolls-royce-signs-totalcare-services-agreement-with-malaysia-airlines/</guid>
		<description><![CDATA[Rolls-Royce, the global power systems company, has signed a long term TotalCare? service agreement to support engines that power Malaysia Airlines’ fleet of 17 Boeing 777 aircraft. The agreement, which covers Trent 800 engines, is the first time that Malaysia Airlines operations will be supported by TotalCare? support. TotalCare? long-term service agreements are designed to [...]]]></description>
			<content:encoded><![CDATA[<p>Rolls-Royce, the global power systems company, has signed a long term TotalCare? service agreement to support engines that power Malaysia Airlines’ fleet of 17 Boeing 777 aircraft. The agreement, which covers Trent 800 engines, is the first time that Malaysia Airlines operations will be supported by TotalCare? support. <span id="more-12152"></span>TotalCare? long-term service agreements are designed to minimise customer financial risk and improve operational performance and reliability, allowing operators to concentrate on their core business. Such agreements are now in place or being finalised, for 100 per cent of Trent engines in service in the South East Asia region. Globally, more than 2,600 Trent engines in service and on order are covered by TotalCare?. Malaysia Airlines Chief Executive Officer and Managing Director YM Tengku Dato’ Azmil Zahruddin, said: “We are committed to improving our customer service while at the same time continuing our drive to manage costs more effectively. Our contract with Rolls-Royce provides us with greater ability to predict and manage our engine maintenance and overhaul costs.” Jim Sheard, Rolls-Royce Senior Vice President Airlines – South East Asia, said: “We are delighted Malaysia Airlines is now part of the TotalCare? family of operators. Our ability to evaluate Trent engine data from the worldwide fleet, and our ability to work with each customer to plan maintenance operations, will significantly help Malaysia Airlines to meet its operational and financial goals.” In 2005, Malaysia Airlines ordered Rolls-Royce Trent 900 engines for six Airbus A380 aircraft that are due to enter service next year. Rolls-Royce has a leading 50 per cent market share on modern, widebody aircraft, with more than 1,600 Trent engines in service on more than 600 aircraft and a further 2,500 on order. Each of the six members of the Trent family have either been the first or launch engine on the airframe, or have gone on to take the leading market share.</p>
<p>Notes to Editors:</p>
<p>1.  Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets – civil aerospace, defence aerospace, marine and energy.</p>
<p>2.  As a result of this strategy, Rolls-Royce today has a broad customer base comprising more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.</p>
<p>3.  In 2008, Rolls-Royce and its partners invested ?885 million on research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions. For visual material:</p>
<p>Please visit the Rolls-Royce Media Room for images and The Newsmarket for broadcast</p>
<p>-standard video.  If you are a first-time user of The Newsmarket, we encourage you to take a moment to register.  If you have any questions about using The Newsmarket, please email Journalist Help. For further information, please contact</p>
<p>Saransri Prawatpattanakul</p>
<p>Hill &amp; Knowlton Thailand</p>
<p>Tel: + 66 (0)2 627 3501 ext. 208</p>
<p>Fax: + 66 (0)2 627 3510</p>
<p>Email: sprawatpattanakul@th.hillandknowlton.com Rolls-Royce Trent 800 engines</p>
]]></content:encoded>
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		<title>Eurex admits first Chinese broker</title>
		<link>http://www.thailand-financial-news.com/2010/03/11/eurex-admits-first-chinese-broker/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/11/eurex-admits-first-chinese-broker/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 01:17:02 +0000</pubDate>
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		<guid isPermaLink="false">http://www.thailand-financial-news.com/2010/03/11/eurex-admits-first-chinese-broker/</guid>
		<description><![CDATA[The international derivatives exchange Eurex announced today that it admitted the first broker headquartered in the People’s Republic of China through its Hong Kong subsidiary. GF Futures (Hong Kong) Co. Ltd. became a trading member of Eurex effective on 3 March 2010. Dr. Cheng Xiao, the General Manager of GF Futures, said ”We are honored [...]]]></description>
			<content:encoded><![CDATA[<p>The international derivatives exchange Eurex announced today that it admitted the first broker headquartered in the People’s Republic of China through its Hong Kong subsidiary. GF Futures (Hong Kong) Co. Ltd. became a trading member of Eurex effective on 3 March 2010. <span id="more-12151"></span>Dr. Cheng Xiao, the General Manager of GF Futures, said ”We are honored to be the first Chinese broker as a member of Eurex. We will have a better understanding of the European market together with our customers. Being a member of Eurex represents another major step to offer access to international business opportunities to our customers as well as a further commitment to the internationalization of GF Group.“</p>
<p>“We are very pleased to welcome the first Chinese broker as a member of Eurex”, said Michael Peters, member of the Eurex Executive Board. “Through their connection to Eurex, GF Futures (Hong Kong) is the first Chinese broker to give its customer base direct and reliable access to our international trading network out of Hong Kong. Over the last two years we have seen a fast growing interest from Asian clients demanding direct access to our products.”</p>
<p>Eurex is strongly committed to further expanding its business in the Asia-Pacific region. Representative offices in Hong Kong, Singapore and Tokyo were opened last year. Currently there are 10 members admitted out of Asia-Pacific, and several firms are in the admission process. The volume generated by the Asian members has tripled in 2009 compared with 2008.</p>
<p>GF Futures (Hong Kong) Co. Ltd is a subsidiary company fully owned by GF Futures Co. Ltd. Its establishment was approved by China Securities Regulatory Commission as one of the first three Futures Commission Merchants(FCMS) to launch business in the Hong Kong market.  &#8211;www.asianbankerpublication.com (March 9 2010)&#8211;</p>
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		<title>Invitation letter of MINT Investor/Analyst Meeting on Wednesday, 10th March 2010</title>
		<link>http://www.thailand-financial-news.com/2010/03/10/invitation-letter-of-mint-investoranalyst-meeting-on-wednesday-10th-march-2010/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/10/invitation-letter-of-mint-investoranalyst-meeting-on-wednesday-10th-march-2010/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 03:45:00 +0000</pubDate>
		<dc:creator>newsbot</dc:creator>
		
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		<guid isPermaLink="false">http://www.thailand-financial-news.com/2010/03/10/invitation-letter-of-mint-investoranalyst-meeting-on-wednesday-10th-march-2010/</guid>
		<description><![CDATA[Invitation letter of MINT Investor/Analyst Meeting to be held on Wednesday, 10th March 2010 during 10:45AM – 12.15 AM  at Meeting Room 1101, 11th Floor, The Stock Exchange of Thailand building (presentation will be in Thai Language).
The meeting organized by The Stock Exchange of Thailand under the “Opportunity Day”.  Kindly confirm attendance by registration with [...]]]></description>
			<content:encoded><![CDATA[<p>Invitation letter of MINT Investor/Analyst Meeting to be held on Wednesday, 10th March 2010 during 10:45AM – 12.15 AM  at Meeting Room 1101, 11th Floor, The Stock Exchange of Thailand building (presentation will be in Thai Language).</p>
<p>The meeting organized by The Stock Exchange of Thailand under the “Opportunity Day”.  Kindly confirm attendance by registration with the SET Call Center +66 (0) 2229 2222</p>
<p>For those who cannot attend the meeting, the Live Broadcast is available on the SET’s website at www.set.or.th/oppday</p>
<p>Ms. <span id="more-12150"></span>Punnee Ruangwaewmanee|Investor Relations Officer | Minor International Pcl| 17th Floor, Berli Jucker Building, 99 Soi Rubia, Sukhumvit 42 Rd , Bangkok 10110 THAILAND |TEL: + 66 (0) 2 381 5151 ext. 7636 | DID: + 66 (0) 2 365 7636 | FAX: + 66 (0) 2 381 5137| Email: punnee_ru@minornet.com| www.minorinternational.com</p>
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		<title>AsiaNet Daily Summary - Press Releases for Tuesday, Mar. 9, 2010</title>
		<link>http://www.thailand-financial-news.com/2010/03/09/asianet-daily-summary-press-releases-for-tuesday-mar-9-2010/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/09/asianet-daily-summary-press-releases-for-tuesday-mar-9-2010/#comments</comments>
		<pubDate>Tue, 09 Mar 2010 09:25:01 +0000</pubDate>
		<dc:creator>newsbot</dc:creator>
		
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		<guid isPermaLink="false">http://www.thailand-financial-news.com/2010/03/09/asianet-daily-summary-press-releases-for-tuesday-mar-9-2010/</guid>
		<description><![CDATA[MARINE CURRICULUM&#8230;
MUMBAI: AVEVA Group plc (LSE: AVV) today announced that AMET University,
India&#8217;s premier marine industry university, will be featuring AVEVA Marine
solutions as part of its curriculum.
http://www.aveva.com/ednotes
DENGUE TRACKER&#8230;
SEOUL: PDVI (Pediatric Dengue Vaccine Initiative), a program of the
International Vaccine Institute (IVI) funded by the Bill &#38; Melinda Gates
Foundation, announces today the launch of http://www.denguewatch.org, a news
hub for [...]]]></description>
			<content:encoded><![CDATA[<p>MARINE CURRICULUM&#8230;</p>
<p>MUMBAI: AVEVA Group plc (LSE: AVV) today announced that AMET University,</p>
<p>India&#8217;s premier marine industry university, will be featuring AVEVA Marine</p>
<p>solutions as part of its curriculum.</p>
<p>http://www.aveva.com/ednotes</p>
<p>DENGUE TRACKER&#8230;</p>
<p>SEOUL: PDVI (Pediatric Dengue Vaccine Initiative), a program of the</p>
<p>International Vaccine Institute (IVI) funded by the Bill &amp; Melinda Gates</p>
<p>Foundation, announces today the launch of http://www.denguewatch.org, a news</p>
<p>hub for tracking dengue fever epidemics worldwide. <span id="more-12149"></span>http://www.denguewatch.org FACTORY CLOSURE&#8230;</p>
<p>TOYOTA CITY: In a meeting in Toyota City this morning, a delegation of</p>
<p>California leaders cautioned company officials that pushing ahead with its plan</p>
<p>to close the New United Motor Manufacturing, Inc., factory in Fremont will</p>
<p>alienate the very consumers it needs most if the company is to recover from its</p>
<p>self-inflicted wounds. EXECUTIVE APPOINTMENT&#8230;</p>
<p>HONG KONG: Korn/Ferry International (NYSE: KFY), a premier global provider of</p>
<p>talent management solutions, today announced that Margaret Lee has joined the</p>
<p>Firm as Vice Chairman and Senior Client Partner, leading its Asia Pacific</p>
<p>Financial Officers Center of Expertise. www.kornferryasia.com STEELWORKERS DISPUTE&#8230;</p>
<p>TORONTO: Mediated discussions between the United Steelworkers and Vale Inco</p>
<p>have broken off, despite the Union&#8217;s repeated and unprecedented attempts to</p>
<p>reach a settlement. VIDEO STREAMING&#8230;</p>
<p>BANGKOK: Asia Backhaul Conference &#8212; ATCi, a leading service provider of live</p>
<p>and on-demand video, satellite, mobile GSM backhaul, corporate web</p>
<p>communications and content management applications, today announced the</p>
<p>official launch of its high quality, live mobile video streaming service</p>
<p>enabled for iPhone and BlackBerry users through its MeshTV technology and</p>
<p>delivery service. TWITTER APP&#8230;</p>
<p>TOKYO: Infoteria Corporation announced on March 8 the launch of &#8220;TwitCal,&#8221; a</p>
<p>new iPhone Calendar App that can be used to share, follow and publish event</p>
<p>information through Twitter. http://www.twitcal.net/en CRUISER TOOL&#8230;</p>
<p>MIAMI: With the aim of responding to and realising the wishes and requirements</p>
<p>of cruise passengers and cruise lines in the most effective way, &#8220;ATLANTIC</p>
<p>ALLIANCE&#8221; - a marketing partnership of the 17 most important western European</p>
<p>cruise ports - has developed a new web tool. http://www.atlanticalliance.eu SECURITIES REDEMPTION&#8230;</p>
<p>WASHINGTON: Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated</p>
<p>for the following securities issues on the redemption dates indicated below at</p>
<p>a redemption price equal to 100 percent of the principal amount redeemed, plus</p>
<p>accrued interest thereon to the date of redemption: MOBILE RADIO&#8230;</p>
<p>LONDON: The Digital Mobile Radio (DMR) Association today welcomes two new</p>
<p>members; Shenzhen HYT Science &amp; Technology Co., Ltd (China) and Team Simoco</p>
<p>(UK) to the group which represents businesses, organisations and individuals</p>
<p>supporting the European Telecommunications Standards Institute&#8217;s (ETSI) Digital</p>
<p>Mobile Radio (DMR) standard. http://www.dmrassociation.org SEOUL FORUM&#8230;</p>
<p>SEOUL: The Global Metropolitan Forum of Seoul 2010 will begin on March 10 at</p>
<p>Nuritkum Square located in the Digital Media City in Sangsam-dong. Some 500</p>
<p>world-renowned scholars, futurists, and foreign diplomats will attend this</p>
<p>event. http://www.globalseoul.org CHINA LAWSUIT&#8230;</p>
<p>SHANGHAI: On January 28, 2010, Chinmax Medical Systems, Inc., a leading</p>
<p>distributor of clinical diagnostics in China, filed a civil complaint in the</p>
<p>People&#8217;s Court of Yangpu District, Shanghai against Inverness Medical Beijing</p>
<p>Co. Ltd., a subsidiary of Inverness Medical Innovations, Inc. (NYSE: IMA). TRADE ZONE&#8230;</p>
<p>RAS AL KHAIMAH, UAE: In the face of 2009&#8217;s financial adversity, Ras Al Khaimah</p>
<p>Free Trade Zone (RAK FTZ) forged on and emerged ahead of its game, joining the</p>
<p>ranks of top-performing free zones in rebuilding confidence in the world</p>
<p>economy. http://www.rakftz.com CARDIOLOGY CONGRESS&#8230;</p>
<p>GENEVA: In 100 days the World Heart Federation, with the support of the Chinese</p>
<p>Society of Cardiology and the Chinese Medical Association, will open the World</p>
<p>Congress of Cardiology (WCC) Scientific Sessions 2010 in Beijing, China. http://www.worldcardiocongress.org PATENT SUIT&#8230;</p>
<p>NEUBIBERG/MUNICH: Lantiq Deutschland GmbH has filed suit in the German District</p>
<p>Court of Duesseldorf against Billion Electric Co. Ltd., Taiwan, for patent</p>
<p>infringement. http://www.lantiq.com LASER TESTING&#8230;</p>
<p>PYEONGTAEK, Korea: Customers and interested parties in the areas of electronic,</p>
<p>flat panel as well as photovoltaics and automotive can now test lasers and</p>
<p>laser applications for their own production environments on site with their own</p>
<p>materials and refine the processes together with Jenoptik engineers. http://www.jenoptik.com/jenoptikGroup_Asia FEMININITY SITE…</p>
<p>PARIS: Thierry Mugler invites women-and men-of the world to connect and</p>
<p>communicate through womanity.com, to share unique, fun and surprising</p>
<p>experiences on the theme of femininity. INVESTMENT WEBSITE&#8230;</p>
<p>NORWICH: USA Invest Ltd has just launched its great new website (</p>
<p>http://www.US-Property-Investment.com) geared towards the foreign investor</p>
<p>looking to take advantage of the great real estate investment deals available</p>
<p>across the USA at the moment. http://www.US-Property-Investment.com STRATEGIC PARTNERSHIP&#8230;</p>
<p>LUXEMBOURG and DONGYING, China: CNPV Solar Power SA, a leading integrated</p>
<p>manufacturer of solar photovoltaic products from the production of ingots,</p>
<p>wafers and cells to the assembly of PV modules that designs, manufactures and</p>
<p>supplies highly efficient and cost effective crystalline solar photovoltaic</p>
<p>modules, today announced that it has entered into a long-term strategic</p>
<p>partnership sales agreement with Techbank Company Limited, a leading South</p>
<p>Korean photovoltaic company and competence center for photovoltaic power plants</p>
<p>that develops and sells turn-key photovoltaic power plants. http://www.cnpv-power.com AsiaNet is a consortium of leading news agencies distributing unedited, translated news releases for worldwide clients. Visit www.asianetnews.net or asianetnews.asia for full-text versions.</p>
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		<title>Photo Release: Topping Up Ceremony at North Park Place Condominium</title>
		<link>http://www.thailand-financial-news.com/2010/03/09/photo-release-topping-up-ceremony-at-north-park-place-condominium/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/09/photo-release-topping-up-ceremony-at-north-park-place-condominium/#comments</comments>
		<pubDate>Tue, 09 Mar 2010 09:22:05 +0000</pubDate>
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		<guid isPermaLink="false">http://www.thailand-financial-news.com/2010/03/09/photo-release-topping-up-ceremony-at-north-park-place-condominium/</guid>
		<description><![CDATA[TCC Capital Land Management led by Mr. Soammaphat Traisorat (center), CEO &#38; MD, presided over the auspicious topping up ceremony at the condominium North Park Place, an exclusive serviced residence on Vibhavadi-Rangsit Road. The ceremony was held as a propitious omen for the condominium project and its future residents.  About TCC Capital Land Limited
TCC [...]]]></description>
			<content:encoded><![CDATA[<p>TCC Capital Land Management led by Mr. Soammaphat Traisorat (center), CEO &amp; MD, presided over the auspicious topping up ceremony at the condominium North Park Place, an exclusive serviced residence on Vibhavadi-Rangsit Road. The ceremony was held as a propitious omen for the condominium project and its future residents. <span id="more-12148"></span> About TCC Capital Land Limited</p>
<p>TCC Capital Land is the joint-venture business between TCC Land and CapitaLand. TCC Land is the property arm of the TCC Group of companies, one of Thailand&#8217;s largest business conglomerates. TCC Land owns a large portfolio of land banks, hotels, apartments, office buildings, shopping centers, convention centers and leisure related properties in Thailand. CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, the multi-local company&#8217;s core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe. The company&#8217;s real estate and hospitality portfolio spans more than 110 cities in over 20 countries.</p>
<p>For more information, please contact</p>
<p>K. Manop, K.Chanokpim, K. Wilaipan at</p>
<p>Tel: 02-344-6666 Ext. 3310, 3036 and 3037</p>
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		<title>Banks and card issuers raise the bar in enhancing payment card security</title>
		<link>http://www.thailand-financial-news.com/2010/03/09/banks-and-card-issuers-raise-the-bar-in-enhancing-payment-card-security/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/09/banks-and-card-issuers-raise-the-bar-in-enhancing-payment-card-security/#comments</comments>
		<pubDate>Tue, 09 Mar 2010 01:41:00 +0000</pubDate>
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		<guid isPermaLink="false">http://www.thailand-financial-news.com/2010/03/09/banks-and-card-issuers-raise-the-bar-in-enhancing-payment-card-security/</guid>
		<description><![CDATA[The Association of Banks in Singapore (ABS) today announced key measures to enhance the security of payment card transactions, giving cardholder customers in Singapore greater security thus further preventing card fraud. This is on top of existing measures whereby banks and card issuers will continue to protect cardholders’ interests through robust fraud detection systems to [...]]]></description>
			<content:encoded><![CDATA[<p>The Association of Banks in Singapore (ABS) today announced key measures to enhance the security of payment card transactions, giving cardholder customers in Singapore greater security thus further preventing card fraud. This is on top of existing measures whereby banks and card issuers will continue to protect cardholders’ interests through robust fraud detection systems to monitor and detect unusual / suspicious card usage. <span id="more-12147"></span>The four initiatives are:</p>
<p>Replacing magnetic stripe-only cards with chip cards;</p>
<p>Introducing first-usage alert and activation procedures for new / replacement cards;</p>
<p>Notifying cardholders each time a transaction is made based on a pre-determined value threshold; and</p>
<p>Instituting a one-time password (OTP) for Card Not Present (CNP) transactions.</p>
<p>These measures make Singapore the first Asian country to adopt such a holistic approach to payment card security.</p>
<p>As these measures require increased contact between cardholders and their respective banks and card issuers, ABS reminds cardholders to provide their banks with the updated contact information – including mobile numbers, email and mailing addresses.</p>
<p>Initiative (i) : Migrating to EMV chips</p>
<p>By April 2011, banks and card issuers will replace all current magnetic-stripe only credit, debit and prepaid cards issued in Singapore with cards that contain an EMV chip. At present, magnetic-stripe cards make up about 70% of the entire payment card population.</p>
<p>Magnetic stripe card is an old technology and the data encoded on the magnetic stripe can be easily read and copied with a magnetic stripe card reader/encoder. As such, a magnetic stripe credit card or debit card can be easily cloned. On the other hand, a chip card offers enhanced security and protection against fraud. The microprocessor chip on the card is protected by cryptographic encryption and virtually eliminates the ability to copy the contents of the chip to another card. The chip-based card complies with the MAS standard of data security.</p>
<p>However, cardholders in Singapore should not be concerned that their new chip cards would face any point-of-sale disruption when used in countries where magnetic stripe cards continue to be used. This is because all the chip cards also come with magnetic stripes.</p>
<p>Cardholders are advised to await more details from their banks and card issuers who will be communicating their specific plans for migrating to the chip card.</p>
<p>Initiative (ii) : Introducing first-usage alert and activation procedures for new / replacement cards</p>
<p>From second quarter 2010, banks and card issuers will introduce a range of first-usage alert and activation procedures for new / replacement cards. These range from alerting cardholders the first time the card is used via SMS, email or letter, to issuing cardholders an unactivated card that needs to be activated by the cardholder via the bank’s Interactive Voice Response (IVR) system or ATM before the card can be used.</p>
<p>Cardholders are advised to look out for communication from their banks and card issuers on the procedures for activating new / replacement cards.</p>
<p>Initiative (iii) : Notifying customers each time a credit card transaction is made</p>
<p>From second quarter 2010, cardholders will be able to receive a notification alert each time they make a transaction using their credit card. The mode of the alert is SMS and / or email. Cardholders can choose to opt in or opt out of the notification scheme.</p>
<p>Cardholders can also select a preferred value threshold for the alerts. However, if no selection is made, the default value threshold will be determined by the bank.</p>
<p>Cardholders are advised to await further details from their banks.</p>
<p>Initiative (iv) : Instituting a One-Time Password (OTP) for Card Not Present (CNP) transactions</p>
<p>To increase the security of CNP transactions, from June 2010 cardholders who make CNP transactions using their payment cards will need to enter a one-time password (OTP) before the transaction can be approved. This password will be sent to cardholders either via SMS or hardware token. This measure applies only to ecommerce websites that support the “3-D Secure” authentication protocols such as “Verified By Visa” (VBV), “SecureCode” (MasterCard) or “J/Secure” (JCB).</p>
<p>Cardholders are advised to await further details from their banks.</p>
<p>Says Mrs Ong-Ang Ai Boon, Director, The Association of Banks in Singapore: “Payment card fraud in Singapore is among the lowest in the world. However, this does not mean that banks in Singapore can afford to be complacent. Banks and card issuers are continually investing in technology and processes to enhance the operating environment for payment card users. With these measures, cardholders and retailers can be assured that their transactions are safeguarded, legitimate and securely processed. With these enhancements, consumers have a responsibility to provide their banks and card issuers with the updated contact details if they have not done so.”  &#8211;www.asianbankerpublication.com (March 5 2010)&#8211;</p>
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		<title>ANZ receives foreign bank licence in-principle approval in India</title>
		<link>http://www.thailand-financial-news.com/2010/03/09/anz-receives-foreign-bank-licence-in-principle-approval-in-india/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/09/anz-receives-foreign-bank-licence-in-principle-approval-in-india/#comments</comments>
		<pubDate>Tue, 09 Mar 2010 01:39:01 +0000</pubDate>
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		<description><![CDATA[ANZ today announced it that had received in-principle approval for a foreign bank licence from the Reserve Bank of India (RBI) allowing ANZ to establish a foreign bank branch in India. Re-establishing a branch presence in India is a strategic priority for ANZ as part of its objective to become a super regional bank focussed [...]]]></description>
			<content:encoded><![CDATA[<p>ANZ today announced it that had received in-principle approval for a foreign bank licence from the Reserve Bank of India (RBI) allowing ANZ to establish a foreign bank branch in India. Re-establishing a branch presence in India is a strategic priority for ANZ as part of its objective to become a super regional bank focussed on Australia, New Zealand and Asia Pacific.</p>
<p>A foreign bank licence will allow ANZ to provide a wide range of retail and wholesale banking services in India subject to regulatory approval of branch establishment in Mumbai.</p>
<p>ANZ CEO Asia Pacific, Europe and America Alex Thursby said: “This is an important step for ANZ as part of a long term commitment to progressively rebuild our presence in India.</p>
<p>“There is a significant and growing economic relationship between Australia and India. <span id="more-12146"></span>India is Australia’s fourth-largest export market driven by demand for natural resources with exports totalling more than $15 billion in 2008.</p>
<p>“At the same time, India has become a global centre of excellence in technology and operations and ANZ’s Bangalore campus which was established in 1989 now employs almost 4,500 people supporting our business in Australia, New Zealand and Asia,” Mr Thursby said.</p>
<p>Mr Thursby also acknowledged the strong support of the Australian Government for its licence application in India and the willingness of the Reserve Bank of India and the Indian Ministry of Finance to consider the application.</p>
<p>“The Australian Government has taken significant steps to foster the bilateral relationship with India in recent years and its support for our licence application has been invaluable,” Mr Thursby said.</p>
<p>Pending approval of the branch location by the RBI, ANZ intends to establish its first branch in Mumbai under its foreign bank licence in the next 12 months.</p>
<p>&#8211;www.asianbankerpublication.com (March 4 2010)&#8211;</p>
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		<title>JP Morgan further strengthens its domestic treasury management offering in Malaysia</title>
		<link>http://www.thailand-financial-news.com/2010/03/09/jp-morgan-further-strengthens-its-domestic-treasury-management-offering-in-malaysia/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/09/jp-morgan-further-strengthens-its-domestic-treasury-management-offering-in-malaysia/#comments</comments>
		<pubDate>Tue, 09 Mar 2010 01:38:00 +0000</pubDate>
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		<description><![CDATA[JP Morgan Treasury Services today announced investments in Malaysia to further strengthen its domestic capabilities, as part of its US$1 billion global investment announced in 2008. JP Morgan has completed the integration of its in-country treasury management service offering and core infrastructure to provide its clients with seamless working capital management solutions. JP Morgan has [...]]]></description>
			<content:encoded><![CDATA[<p>JP Morgan Treasury Services today announced investments in Malaysia to further strengthen its domestic capabilities, as part of its US$1 billion global investment announced in 2008. JP Morgan has completed the integration of its in-country treasury management service offering and core infrastructure to provide its clients with seamless working capital management solutions. <span id="more-12145"></span>JP Morgan has a three-year plan to increase the number of employees working for its Malaysian Treasury Services operations. In addition, JP Morgan’s clients with operations in Malaysia are now able to benefit from using JP Morgan ACCESSSM, the bank’s global internet banking platform for cash management, information reporting, trade services and foreign exchange.</p>
<p>JP Morgan Treasury Services provides cash management services with nation-wide coverage in Malaysia, including high value payments, paper clearing and payables &amp; receivables management, as well as trade finance and liquidity management services.</p>
<p>Raof Latiff, managing director and Asia head of Treasury Services clearing and foreign exchange at JP Morgan said: “As Malaysia’s economy grows and trade flows increase, corporate requirements will become increasingly complex, driving the demand for efficiency and for integrated solutions. JP Morgan is in a unique position to provide its clients with sophisticated cross-border cash management solutions supported by state-of-the-art electronic tools. We are delighted to be able to strengthen our treasury management service offering in Malaysia to help our clients achieve their expansion plans.”</p>
<p>Clement Chew, JP Morgan’s senior country officer in Malaysia added: &#8220;These investments are an important thrust in our plans to build on JP Morgan’s franchise in Malaysia, where the firm’s presence dates back to 1964. They also add to our recent product expansion in various areas. For example, we have used our onshore securities platform to develop our futures and options and stock-borrowing lending capabilities locally to be able to offer our clients a wider range of services. We look forward to further growing our commercial bank in 2010.”</p>
<p>JP Morgan is the world&#8217;s largest U.S. Dollar clearing and commercial bank. JP Morgan Treasury Services leverages the services and products of the bank’s Worldwide Securities Services division, as well as its Investment Bank, Asset Management and Private Bank lines of business to provide its clients with integrated banking solutions.  &#8211;www.asianbankerpublication.com (March 4 2010)&#8211;</p>
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		<title>Oberbank integrates domestic guarantee and cross-border business with SmartStream TLM Trade Finance solution</title>
		<link>http://www.thailand-financial-news.com/2010/03/09/oberbank-integrates-domestic-guarantee-and-cross-border-business-with-smartstream-tlm-trade-finance-solution/</link>
		<comments>http://www.thailand-financial-news.com/2010/03/09/oberbank-integrates-domestic-guarantee-and-cross-border-business-with-smartstream-tlm-trade-finance-solution/#comments</comments>
		<pubDate>Tue, 09 Mar 2010 01:36:04 +0000</pubDate>
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		<guid isPermaLink="false">http://www.thailand-financial-news.com/2010/03/09/oberbank-integrates-domestic-guarantee-and-cross-border-business-with-smartstream-tlm-trade-finance-solution/</guid>
		<description><![CDATA[SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that Austrian-based financial services group Oberbank has selected TLM Trade Finance to create a single platform for its cross-border and domestic business. Oberbank is a highly successful financial services firm operating across Central and Eastern Europe managing approximately €18 billion for clients through a range [...]]]></description>
			<content:encoded><![CDATA[<p>SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that Austrian-based financial services group Oberbank has selected TLM Trade Finance to create a single platform for its cross-border and domestic business. <span id="more-12144"></span>Oberbank is a highly successful financial services firm operating across Central and Eastern Europe managing approximately €18 billion for clients through a range of retail and wholesale products. As a highly experienced bank in trade finance, Oberbank wanted to ensure its operations could continue to offer a wide range of products and deliver value for money to its clients.</p>
<p>After analysing a range of trade finance solutions, Oberbank selected TLM Trade Finance to further automate its Guarantees, Letters of Credit and Collections business processes. The solution will be installed at Oberbank’s headquarters in Linz, Austria and will initially process domestic guarantees, followed by its Austrian trade finance business and later on its branches in the Czech Republic, Germany, Slovakia and Hungary.</p>
<p>Hubert Umlauf, General Manager, Organisational Development &amp; Process Management at Oberbank, commented: “Finding a solution that could automate our paper-based processes for domestic guarantees and integrating it in the whole range of our trade finance business was critical as we look to continue our success. The SmartStream TLM solution clearly met our requirements with its ability to automate many of the processes and our staff found it easy to use. With TLM Trade Finance as a single, centralised solution for our domestic guarantee and cross-border trade finance business we believe that our business will be more efficient. With automated workflows and improved reporting capabilities we can spend more time talking to customers and providing the best possible service.”</p>
<p>Christian Schiebl, Executive Vice President at SmartStream Technologies, said: “We’re delighted that as part of their organisational review Oberbank selected TLM Trade Finance to manage its domestic and cross-border business. This will enable them to replace paper forms and data re-entry with workflow-based processes, electronic forms and documentation. As a result, Oberbank will lower their operational costs and risk, while supporting their ultimate goal; to further enhance reporting and client service to maintain a competitive advantage.”</p>
<p>&#8211;www.asianbankerpublication.com (March 3 2010)&#8211;</p>
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