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Thai Military bank taps Boontak as new MD

By admin ⋅ July 3, 2008 ⋅ Post a comment

Thai Military bank disclosed it has appointed former Kasikorn Bank assistant managing director Boontak Wangchareon as it new managing director.
Treasury permanent secretary Sathit Limpongpan said the board has approved on agreement to appoint Mr. Boontak succeeding Mr. Supak Sivarak, whose agreement will be terminated in September, as its new MD.

Banks may raise interests following higher inflation

By admin ⋅ July 3, 2008 ⋅ Post a comment

With the current rate of inflation hovers at around 8 to 9 per cent, banks may revise up both deposit and loan interests by 1 per cent, Kasikorn Research Center’s managing director Pisal Manoleehakul said on Wednesday.
Mr. Pisal noted that the banks are normally revising interest rate every six months in order to catch up [...]

SET expect to see investors returning in 2nd half

By admin ⋅ June 28, 2008 ⋅ Post a comment

The Stock Exchange of Thailand’s chairman Pakorn Malakul commented on Friday that foreign investors will be returning to the Thai market in the second half of the year, referring the ease in current political strife.
He said fundamentals and performances of the listed companies remain attractive to foreign investors.
“I think foreign investors will return to buy [...]

Tisco withdraws from pursuit of BankThai stake

By admin ⋅ June 19, 2008 ⋅ Post a comment

Tisco Bank said on Wednesday it has withdrawn form negotiations to buy 42 per cent stake in BankThai following the pressures from political strife.
Tisco shares were suspended on Wednesday after the Thai-language newspaper Post Today reported that it had file a bidding to buy stake in BankThai from the central bank rescue arm Financial Institutions [...]

BankThai seeks pending on sales of its shares

By admin ⋅ June 19, 2008 ⋅ Post a comment

BankThai (BT) is asking the Stock Exchange of Thailand on Thursday to suspend transactions of its shares while it waits for a result of talks on sale of a 42 per cent stake by an arm of the central bank Financial Institutions Development Fund (FIDF).
BankThai said it had been informed by FIDF that there had [...]

8 markets links up for real-time trade

By admin ⋅ June 18, 2008 ⋅ Post a comment

Six international stock exchanges agree to establish links for real time direct shares trading, according to Phillip Securities.
The brokerage house said, upon completion of online trading system, local investors will be allowed to trade stocks from eight different major markets on July 22, consisting of Nasdaq, the New York Stock Exchange, the American Stock Exchange, [...]

Bank Thai shares briefly on suspension

By admin ⋅ June 18, 2008 ⋅ Post a comment

Shares of BankThai (BT) were briefly suspended on Wednesday following newspapers report of Tisco Bank (TISC) planned to acquire a 42 percent in its stake.
Tisco shares rose sharply following the suspension and its official denial the report in the Thai-language Post Today newspaper.
BankThai shares were up sharply 18.8 percent at 1.58 baht before the halt, [...]