Banking Thailand Latest Information
Thai bourse’s SET Index reaches 13-year high at end-August
The Stock Exchange of Thailandâs SET Index at end-August 2010 was at its highest point in 13 years and eight months (since December 1996). The index rose throughout August, closing at 913.19, a 6.70%
The Bank of Thailand Financial Markets Operations Group assistant governor has played down the effect of baht's appreciation as it is moving in line with other currencies in the region.DBS names Tan Kong Khoon as group consumer banking head
DBS Group Holdings announced today that it has appointed veteran banker Tan Kong Khoon, 53, as Group Executive and Head of Consumer Banking. Tan joins DBS on 1 December 2010 from ANZ Bank, where he waBOT pushIng for cuts In banks' service charges
Central bank might use its powers to revamp fee structure if commercial banks don't cooperateNew DBS consumer banking head
DBS has appointed Singaporean veteran banker Tan Kong Khoon as group executive and head of consumer banking. The 53-year old banker joins DBS on Dec 1 from ANZ Bank, where he was most recently Head of Retail Banking and Wealth Management, Hong Kong and North East Asia.Japanese Market Trades Higher
The Japanese market is trading firm on Thursday, tracking cues from Wall Street where stocks moved higher overnight, with investors picking up front line stocks from across various sectors.SCB's big-budget drive into IT
Mobile transactions expected to rise by 25% per yearSET index correction expected, but inflows to continue : experts
The slide in the Thai stock market in the previous two days was a minor correction after the massive 27percent yeartodate rally, securities experts said yesterday, while predicting that the exchange looks set to continue its bull run with continued capital inflows.Banks 'mustdiscuss fees'
Local bank executives will meet with bank regulators today to discuss fee charges on transactions and services.Waiving transaction fees would mean major rethink on income generation: SCB
Siam Commercial Bank might need to seek other sources of revenue if the Bank of Thailand asks commercial banks to waive transaction fees.DBS appoints Tan Kong Khoon as group consumer banking head
DBS Group Holdings announced today that it has appointed veteran banker Tan Kong Khoon, 53, as Group Executive and Head of Consumer Banking. Tan joins DBS on Dec 1 from ANZ Bank, where he was most recently Head of Retail Banking and Wealth Management, Hong Kong and North East Asia. DBS says Tan will be a member of the Group Management Committee, reporting to Chief Executive Officer Piyush Gupta ...DBS Group appoints new Head of Consumer Banking
SINGAPORE: DBS Group has appointed veteran banker Tan Kong Khoon, as Group Executive and Head of Consumer Banking.Asian Stocks Fall as Stronger Yen Fuels Japan Growth Concerns
Asian stocks fell, dragging the MSCI Asia Pacific Index lower for a second straight day, as a stronger yen deepened concern over the Japanese economy, and ahead of a Federal Reserve survey that may show a U.S. recovery is stalling.Rubber Drops as Yen Surges to 15-Year High, Shares Slump on Growth Concern
Rubber fell after Japanâs currency jumped to a 15-year high against the dollar, cutting the appeal of yen-based contracts, and as equities and commodities dropped amid concern that the global economic recovery may be faltering.Thailand
Thailandâs government and the countryâs medical community are debating the proposed new legislation to provide comprehensive coverage to patients against medical malpractice.World in briefs
Pakistan: A CIA drone has fired missiles into a house in the country's underdeveloped tribal region, killing at least six people who Pakistani spooks identified as militants who had carried out attacks on occupation troops in neighbouring Afghanistan.Survivor Nicaragua: Preseason Predictions
Survivor Nicaragua is here, giving us a whole new batch of heroes and villains to root for. Here's how we think the 20 new contestants will fare.New model needed in Vietnam
Vietnam glided through the global recession, with economic growth hitting 5.3% last year and expected to expand 6.5% in 2010. Nonetheless, a sharp deterioration in the country's external finances, rising concerns about the banking sector's health and a highly inconsistent macroeconomic policy framework have driven a creeping devaluation of the local currency and a recent credit-rating downgrade.Hudson Securities Completes $30M PIPE Financing for Chinese Motor Vehicle Co.
JERSEY CITY, N.J., Sept. 7 -- Hudson Securities, Inc. today announced the completion of a $30 millio...Thailand
As South-east Asiaâs second-largest economy, Thailand has long been one of the most attractive investment destinations in the region.Thai-ASEAN News Network
The private sector has expressed satisfaction with the Central Administrative Court's decision in the Map Ta Phut case, as it will help restore confidence among investors.Hudson Securities Completes $30 Million PIPE Financing for Chinese Motor Vehicle Company
Hudson Securities, Inc. today announced the completion of a $30 million private placement transaction for Jinhao Motor Company , a Nevada-headquartered company that manufactures motorcycles and small engines for overseas and domestic markets at its subsidiary in the People's Republic of China.Corporate Taxation
The standard corporate tax rate applicable to companies registered in Malta is 35% and there are no thresholds for reduced rates of taxation applicable. There are no controlled foreign company, thin capitalisation or transfer pricing rules applicable under Maltese legislation.KAsset is offering ‘K-GEMO’ to invest in ‘emerging markets’ equities,
Kasikorn Asset Management believes the solid economy of âemerging marketsâ will potentially lead to high equity returns. Thus, it offers a new fund, K-GEMO, with proven portfolio management strategy tKuwait Finance House May Invest in Islamic Banks in Asia, Al-Anba Reports
Kuwait Finance House (Malaysia) Bhd., a unit of Kuwaitâs biggest Islamic bank, is in talks with institutions in Japan to form âstrategic alliancesâ for Islamic banking deals, Al-Anba reported, citing unidentified people familiar with the matter.Stocks Climb to 4-Week High, Asia Debt-Default Protection Falls
Asian and European shares rose to a four-week high and the cost of protecting bonds against default fell after better-than-expected U.S. jobs data eased concern the global economic recovery is faltering.Sanjiv Malhotra to manage risk function for BoA Merrill in India
Bank of America Merrill Lynch has appointed Sanjiv Malhotra, who was last at the Danamon group and has also spent many years at Citi, as country risk manager for India.Asia Stocks Gain, Debt-Default Protection Falls on U.S. Jobs
Asian shares rose, lifting the regionâs benchmark index to a four-week high, and the cost of protecting bonds against default fell after better-than-expected U.S. jobs data eased concern the global economy is faltering.Increase retirement age to 60
PETALING JAYA: The retirement age for civil servants should be increased from 58 to 60 without delay since it is long overdue, says Cuepacs.Bank targets Japan in Asian push
KUWAIT: The Malaysian unit of Kuwait Finance House (KFH) is having "strategic alliance" negotiations in Japan, a newspaper said yesterday.Jinhao Motor Company Closes $30 Million Financing
ZHAOQING CITY, China--(BUSINESS WIRE)--Jinhao Closed the $30M Series A Preferred RoundJinhao Motor Company Closes $30 Million Financing
ZHAOQING CITY, China----Jinhao Motor Company , a manufacturer of motorcycles, small engines and electric vehicles, today announced that effective on September 2, 2010, the Company closed the Securities Purchase Agreements for 6,857,204 units at a purchase price of $4.37496 per unit for a total of $30,000,000.Market view: (Sept 6-10)
SET may rise further on improved sentiments.Banks debate RMB internationalization
Editor's note: Several bank leaders met to discuss regional currency cooperation and RMB settlement at the recent Dianchi financial forum. Their speeches are featured here.5. Analysts see profit-taking in M'sian market this week
KUALA LUMPUR: THE local bourse, which has been up for three consecutive weeks, could see some profit-taking activities this week as the market consolidates and investors unwind their positions ahead of the Hari Raya holidays, analysts said.Kuwait's KFH in talks to invest in Asia - report
KUWAIT, Sept 5 (Reuters) - The Malaysian unit of Kuwait Finance House (KFH) , the Gulf Arab state's biggest Islamic lender, is having "strategic alliance" negotiations in Japan, a newspaper reported on Sunday.Kuwait's KFH in talks to invest in Asia - report
KFH Malaysia eyes China where it made profits from investing $275m in a property project last year.The big push
When it comes to maternity leave, Malaysia is one of the few countries still at the bottom rung.Free trade talks with India hit stumbling block
Efforts to push for open markets between Switzerland and India are meeting opposition from Indiaâs industry association and Swiss non-governmental organisations.End of stimulus to slow 2011 growth: SCB EIC
Siam Commercial Bank Economic Intelligence Centre (SCB EIC) forecasts Thailand's gross domestic product next year to show a slower growth rate at 3.5-4.5 per cent because of the end of the short-term economic stimulus.Moscow, Bangkok Argue On Extraditing Viktor Bout
BANGKOK, Thailand -- Prime Minister Abhisit Vejjajiva is trying to repair damaged relations with the Kremlin after Moscow's foreign minister condemned a decision to extradite a suspected Russian weapons smuggler, Viktor Bout, from Bangkok to New York.Moody's to review country's credit rating at yearend
Moody's Investors Service plans to review its credit rating for Thailand at the end of the year after giving the country a negative outlook for two years, while TRIS Rating warns that the thirdgeneration (3G) wireless broadband network and expected property bubble are possible areas of concern.19. Global fund management industry changing
THE global fund management industry has changed significantly following the global economic downturn in late 2008, which led fund managers scrambling to shift their investments to safer havens away from traditional hotspots such as the United States, B...More Dragons for Phuket; Siam Makro expanding
PHUKET: Dragon Air intends to increase services on its Hong Kong-Phuket route.Cathay Pacific Airways, parent company of Dragon Air, says traffic to Phuket is robust with an average load factor of 90 t...Indonesia Raises Bank Reserve Ratio After Inflation Accelerated
Indonesia ordered banks to set aside more cash as reserves after inflation accelerated to a 16-month high in the worldâs fourth most populous nation.Indonesia Raises Banks’ Reserve Ratio; Rate Unchanged
Bank Indonesia ordered lenders to set aside more cash as reserves, while keeping its benchmark interest rate unchanged to support growth.Asia Markets: Singapore property curbs may bite banks' growth
The biting restrictions that Singapore introduced earlier this week to cool the city's property prices will likely affect credit growth at the city's lenders and restrict their share gains, analysts say.Alistair Darling: Banks still managed to pay huge bonuses despite my supertax
Bankers sabotaged a tax on massive bonuses by using their financial expertise to keep hold of their wealth, Mr Darling has admitted.Why gambling, betting should be legalised in India
If the gambling is legalised in a controlled manner in India, thousands of crores (billions) of rupees in black money involved in the illegal gambling activity currently could be made available to the legal economy.4. Analysts see new high for Malaysia's main market index
PETALING JAYA: With four months to go before 2010 ends, a number of brokerages have unveiled their 2011 year-end targets for FTSE Bursa Malaysia KL Composite Index (FBM KLCI).
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