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Goldman Sachs offloading entire stake in ‘GOLD’

By admin ⋅ November 11, 2008 ⋅ Post a comment

Goldman Sachs continues to sell off its stake in Property Development (GOLD) after the property developer reported lower-than-expect net profit in the third quarter of 830.05 million baht, down 28.61 percent from a year earlier, the Security Exchange Committee office reported.
A report show that Goldman Sachs has sold off all 32.55 million shares or 5.16 [...]

Finmin seeks central bank cut down bond repurchase rate

By admin ⋅ November 7, 2008 ⋅ 2 comments

Finance Minister Suchart Thadathamrongvej is seeking the Bank of Thailand (BoT)’s cooperation in cutting down one-day bond repurchase rate from currently 3.75 percent, because instead of the policy lured people saving more, the central bank has stolen liquidity from the markets on commercial banks’ marginal gain speculation.
BoT’s higher bond repurchase rate had persuaded the commercial [...]

Thai Beverage plans listing on local bourse by yearend

By admin ⋅ October 24, 2008 ⋅ Post a comment

Thai Beverage Plc, the country’s largest producer of spirits and Southeast Asia’s largest producer of beer by sale volume, said it is planning to file for a listing of it common shares with the Stock Exchange of Thailand (SET) by the year-end after it put the plan on hold due to protests and filed with [...]

Time to hunt for small fish

By admin ⋅ October 24, 2008 ⋅ Post a comment

Thailand’s largest oil company PTT Plc is looking to buy into several businesses globally that are affected by the global credit crunch, assistant managing director for business development Thevin Vongvanich told a seminar held by Krungthep Thurakij business daily.
He said the global financial crisis has slowed down the world’s demand for oil, as well as [...]

Online offshore stock trading grows faster than expected, says Phillip

By admin ⋅ October 22, 2008 ⋅ Post a comment

The online offshore stock trading has been growing faster than expected. With only two months in service, there are 108 investors registered for an online trading account, Phillip Securities (Thailand) managing director Suchai Suthasthamkul has told reporters.
“We initially expected only 100 accounts. We now look to handle over 300 accounts in the next year,” said [...]

Thai economic growth expected lower than 3.8% in 2009

By admin ⋅ October 22, 2008 ⋅ Post a comment

Thailand economic growth is expected to lower than 3.8 percent in 2009 in line with slower global economic growth, the Bank of Thailand’s deputy governor for financial institutions stabilization Bandid Nijthavorn told a seminar on Tuesday.
Mr. Bandid said Thailand will encounter more challenging in the coming years.
He said the world economic growth will slower to [...]

Non-performing loan remains low in Q2 08

By admin ⋅ October 20, 2008 ⋅ Post a comment

Thailand’s non-performing loans remained staying at a satisfactory level in a consumer sector despite higher cost of living, the Bank of Thailand’s new report found.
The report showed a declined in personal loans defaults on credit card in the last three months of consensus, suggesting the household sector become more cautious in spending.
“The fall is in [...]