http://www.tivarati.com/economy/ economy News Thu, 22 May 2008 06:19:26 +0700 en http://www.tivarati.com/news/2008-05-22/35921464/ Thu, 22 May 2008 05:49:43 +0700 Sugar millers and producers are calling on the government to reallocate part of the export quota to the domestic market in a bid to prevent a local sugar surplus. http://www.tivarati.com/news/2008-05-22/35921453/ Thu, 22 May 2008 05:45:46 +0700 The Bank of Thailand left interest rates unchanged yesterday in a widely expected move, but adopted a more hawkish tone due to growing inflation concerns. http://www.tivarati.com/news/2008-05-22/35921442/ Thu, 22 May 2008 05:44:46 +0700 Thailand needs to rethink its energy and food policies to reduce costs and maximise use of the country's resources, according to local experts. http://www.tivarati.com/news/2008-05-22/35920408/ Thu, 22 May 2008 05:38:50 +0700 Investors in bills of exchange at Thanachart Bank are to enjoy higher returns as the bank yesterday announced an increase of its coupon rates for the bills of 25 basis points. http://www.tivarati.com/news/2008-05-22/35920342/ Thu, 22 May 2008 05:38:15 +0700 In a survey by American Express, premium Thai travellers expressed an attitude of give me more of less' in terms of privacy, flexibility, enrichment and uber service. http://www.tivarati.com/news/2008-05-22/35921420/ Thu, 22 May 2008 05:37:38 +0700 Customers of GE Money Thailand can join its special programme to help overcome financial difficulties by providing lower interest charges, lower monthly instalments and longer repayment terms. http://www.tivarati.com/news/2008-05-22/35920331/ Thu, 22 May 2008 05:37:06 +0700 As a sign that domestic financial regulations are loosening up, a Swiss private bank has opened shop in Thailand. http://www.tivarati.com/news/2008-05-22/35920419/ Thu, 22 May 2008 05:36:12 +0700 Brokers have raised the earnings forecast for G Steel after it announced impressive first quarter results with the price of hot rolled coil steel expected to continue to rise in this quarter. http://www.tivarati.com/news/2008-05-22/35921431/ Thu, 22 May 2008 05:35:42 +0700 Year to date returns of fixed income funds under management by MFC Asset Management's provident funds from July 2001 to last year stood at 35 40 per cent. http://www.tivarati.com/news/2008-05-22/35920364/ Thu, 22 May 2008 05:34:55 +0700 The Stock Exchange of Thailand yesterday an nounced that it would scrap its controversial regulations that prohibit investors from net settlement, or intra day trading, and margin loans for trading particular stocks. http://www.tivarati.com/news/2008-05-21/35908422/ Wed, 21 May 2008 16:31:21 +0700 Bilateral Repurchase Transactions As of May 21, 2008 Transaction Term Amount Amount Rate Submitted(%) Rate Accepted(%) Weighted BID Type (Day) Submitted Accepted Min Max Min Max Average Coverage (Mil.Baht) (Mil.Baht) Rate(%) Ratio Repo 1 191,900 191,900 3.25000 3.25000 3.25000 3.25000 3.25000 1.00 http://www.tivarati.com/news/2008-05-21/35907399/ Wed, 21 May 2008 16:29:26 +0700 Commercial Banks Loan Rates as of May 21, 2008 Bank MOR MLR MRR Ceiling* Default* Credit Card Commercial Banks registered in Thailand Bangkok Bank 7.1250 6.8750 7.3750 11.5000 15.0000 20.0000Krung Thai Bank 7.1250 6.8750 7.3750 11.5000 15.0000 Kasikornbank 7.1000 6.8500 7.3500 18.3500 22.3500 20.0000The Siam http://www.tivarati.com/news/2008-05-21/35907366/ Wed, 21 May 2008 16:27:55 +0700 Commercial Banks Deposit Rates as of May 21, 2008 Bank Saving Fixed 3 mths 6 mths 12 mths 24 mths Commercial Banks registered in Thailand Bangkok Bank 0.7500 2.2500 2.2500 2.3750 Krung Thai Bank 0.7500 2.0000 2.2500 2.0000 2.2500 2.2500 2.5000Kasikornbank 0.7500 2.0000 2.2500 2.0000 2.2500 2.2500 2.5000The Siam http://www.tivarati.com/news/2008-05-21/35906244/ Wed, 21 May 2008 16:16:19 +0700 Bangkok 21 May PTT Brigadier General Lun Ti (right), Burmese Energy Minister, received 480,000 liter of diesel worth Bt 23.5 million from H.E. Mr. Bansarn Bunnag (left), Thai Ambassador to Burma, honorably representing PTT Public Company Limited and PTT Exploration and Production Public Company Limited in presenting http://www.tivarati.com/news/2008-05-21/35902495/ Wed, 21 May 2008 15:42:15 +0700 Bangkok 21 May Moody's Moody's Investors Service has lowered the Pakistani Government's Bond Ratings to B2 from B1 due to growing economic imbalances amidst renewed political difficulties and following substantial policy slippage. The Foreign Currency Bank deposit ceiling was also downgraded to B3. The outlook on the http://www.tivarati.com/news/2008-05-21/35901395/ Wed, 21 May 2008 15:29:39 +0700 Bangkok 21 May Deutsche Bank Deutsche Bank today announced it is responsible for nearly 25% of all foreign exchange market turnover in Asia, according to the definitive annual FX survey conducted by respected capital markets publication, Euromoney. The result is stark reflection of the trust that Deutsche Bank has http://www.tivarati.com/news/2008-05-21/35900240/ Wed, 21 May 2008 15:11:50 +0700 Bangkok 21 May KGI Securities Mr. Adisak Kammool, Vice President Economic & Strategy Research along with Mr. Rakpong Chaisuparakul, Manager Economic & Strategy Research of KGI Securities (Thailand) Public Company Limited conducted a seminar entitled “Thai Equity: A Tale of Two Events”. During the seminar http://www.tivarati.com/news/2008-05-21/35895402/ Wed, 21 May 2008 14:38:23 +0700 Bilateral Repurchase Transactions As of May 21, 2008 Transaction Term Amount Amount Rate Submitted(%) Rate Accepted(%) Weighted BID Type (Day) Submitted Accepted Min Max Min Max Average Coverage (Mil.Baht) (Mil.Baht) Rate(%) Ratio **No operations were conducted today.** http://www.tivarati.com/news/2008-05-21/35886120/ Wed, 21 May 2008 13:10:09 +0700 Bangkok 21 May BBL Bangkok Bank has introduced a cost effective new channel which allows customers to transfer money directly from the US to Thailand via Bangkok Bank’s New York branch. Transfer fees will be reduced by up to US$ 15 20 per transaction, and recipients will receive more money, as the funds will be http://www.tivarati.com/news/2008-05-21/35895435/ Wed, 21 May 2008 11:39:58 +0700 Bangkok Interbank Offered Rate(BIBOR)* as of May 21, 2008 11.00 a.m. Tenor Last Change Previous (21/5/08) (20/5/08) O/N 3.25 0 3.25 1 Week 3.25625 0.00125 3.2575 1 Month 3.2675 0.00125 3.26625 2 Month 3.27625 0.00016 3.27641 3 Month 3.28906 0.00875 3.28031 6 Month 3.32156 0.00875 3.31281 9 Month 3.36313 0.00563 3.3575