BANGKOK, July 30 (TNA) – The Thai economy in June, and the rest of the second quarter of this year, began to show signs of recovery, with the production sector shrinking at a slower pace and purchase orders from overseas increasing, according to the Fiscal Policy Office (FPO). FPO Director-General Somchai Sajjapong said private consumption [...]
BANGKOK, July 29 (TNA) – The Public Health Ministry on Wednesday confirmed 21 more deaths from the Influenza type A (H1N1) in its weekly report, raising the country’s total fatalities to 65. Most of the patients who died from the new flu virus had medical complications, according to Dr. Paichit Varachit, Deputy Permanent Secretary for [...]
BANGKOK, 29 July 2009 (NNT) – The coalition government parties have jointly resolved to leave the issue of constitutional amendment for further talks and conclusion in the next parliamentary session. Prime Minister’s Office Minister, Satit Wonghnongtaey, stated that leaders of the coalition partners had a joint meeting today to confer on the progress towards the [...]
Tokyo, July 29, 2009 — Moody’s Investors Service announced today that it has downgraded to Aa1 from Aaa the Class 3 trust certificates of the Tokyo Metropolitan CLO Ninth transaction. The trust certificates had been under review for possible downgrade since May 19, 2009. At the same time, Moody’s says that it has affirmed the [...]
BANGKOK, 29 July 2009 (NNT) – The Economic Cabinet has made plans to consider 6 projects to better utilize Don Mueang Airport and generate revenue for the state. Today’s meeting of the Economic Cabinet will mull over the Transport Ministry’s request for approval to initiate 6 projects for the airport aimed at drawing in private [...]
BANGKOK, July 29 (TNA) – Siam Commercial Bank (SCB), Thailand’s largest bank in terms of market capitalisation, affirms it is ready to extend loans to the industrial sector. Shrugging off mounting criticism that most commercial banks are reluctant to lend to the industrial sector, SCB president Kannikar Chalitaporn said the bank had provided loans to [...]
BANGKOK, July 29 (TNA) – Bank of Thailand (BoT) deputy governor Bandid Nijathaworn on Tuesday revealed the central bank will play a more active role in supervising the corporate good governance of financial institutions. By virtue of the Financial Institutions Business Act of 2008, he said, the bank would have the authority to establish the [...]
Tokyo, July 29, 2009 — Moody’s Investors Service announced today that it has downgraded the rating of the credit default swap (“CDS”) entered into between JPMorgan Chase Bank NA (“JPMorgan”) and Alto Credit Products Co., Ltd. This CDS primarily references global corporate entities. The rating action taken today is the result of the deteriorating credit [...]
BANGKOK, 28 July 2009 (NNT) – Finance Minister Korn Chatikavanij admitted Thai Baht appreciated today day due to surplus balance of trade in exports and on speculation of the currency. Mr. Korn said the fewer amount of the US dollar currency had flown out of Thailand due to less imports from overseas markets. He added [...]
BANGKOK, 28 July 2009 (NNT) – Mr. Khomsan Poramabhut, Senior Deputy Manager for the Securities Analysis Division of the Bualuang Securities (BLS), revealed that price of Gold Futures at Thailand Futures Exchange (TFEX) would move in a narrow range today afternoon in line with gold price in global market. Mr. Khomsan said trade volume of [...]
