SEARCH:
feed

singapore


Moody’s sees no impact on IOI’s ratings from equity offering

By k on July 27, 2009

Singapore, July 27, 2009 — Moody’s Investors Service sees no rating impact from IOI Corporation Berhad’s (IOI) announcement of a proposed equity offering in the form of a renounceable rights issue for a gross amount of RM1.22 billion. IOI ratings are Baa1 with negative outlook. The proposed renounceable rights issue — still subject to approval [...]


Moody’s says Asian bank single-client exposures above N America

By k on June 25, 2009

Singapore, June 25, 2009 — Moody’s Investors Service says that its recent survey of single-client exposures at banks in Asia (ex-Japan) shows their credit portfolios as significantly more concentrated than those in North America. “Such higher concentrations are due mainly to the region’s banks demonstrating greater importance — as opposed to North American institutions — [...]


Moody’s sees negative industry outlook for Australia/NZ banks

By k on June 23, 2009

Singapore, June 23, 2009 — Moody’s Investors Service says that its industry outlook for banking systems in Australia and New Zealand is negative, reflecting the impact of the slowdowns in global and domestic economies, but both systems also remain robust. “The slowdowns are clearly making themselves felt on the performances of banks in Australia and [...]


Thailand and Singapore agree to speed up economic cooperation thumbnail

Thailand and Singapore agree to speed up economic cooperation

By k on June 22, 2009

BANGKOK, June 22 (TNA) -  Thai Prime Minister Abhisit Vejjajiva and his Singapore’s counterpart Lee Hsien Loong on Monday agreed to speed up bilateral economic cooperation. Speaking during a one-day visit to Singapore, the Thai prime minister said both governments agreed to expedite economic, social and security cooperation under existing bilateral frameworks. Economic cooperation would also take [...]


PM: Ready to resign after solving political, economic problems

By k on June 22, 2009

SINGAPORE, June 22 (TNA) – Visiting Thai Prime Minister Abhisit Vejjajiva said on Monday he is willing to step down after solving political turbulence and economic problems in the country and completing his chairmanship of the Association of Southeast Asian Nations (ASEAN).   Speaking to business executives during his one-day official visit to the island [...]


Moody’s affirms Vedanta’s ratings with stable outlook

By k on June 17, 2009

Singapore, June 17, 2009 — Moody’s Investors Service has today affirmed the Ba1 corporate family rating and Ba2 senior unsecured rating of Vedanta Resources plc (“Vedanta”). The outlook on the ratings is stable. The rating action follows the acquisition by Vedanta’s subsidiary Sesa Goa of the mining assets of the Dempo Group for US$368 million; [...]


Moody’s affirms CCT’s Baa2 ratings; outlook negative

By k on May 26, 2009

Singapore, May 26, 2009 — Moody’s Investors Service has today affirmed CapitaCommerical Trust’s (CCT) Baa2 corporate family and Baa3 senior unsecured debt ratings. The outlook on the ratings is negative.


Business News »

Loan clients urged to be well-prepared for higher finance costs

July 16, 2010

Loan clients urged to be well-prepared for higher finance costs thumbnail

BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]

Bank And Finance »

Commercial banks announce hikes in interest rates on fixed deposits

July 16, 2010

BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]

General News »

Summary of the 9th APEC Energy Meeting

July 12, 2010

Summary of the 9th APEC Energy Meeting thumbnail

Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]

Economy »

4 Govt agencies cooperate to promote Thai investment abroad

July 12, 2010

BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]

Energy »

Moody´s chops down PTT´s credit

June 29, 2010

Moody´s chops down PTT´s credit thumbnail

BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]

Politics »

One month needed for Interpol consideration over Thaksin´s case

July 16, 2010

BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]