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CIMB Group Holdings, the parent of the second-largest bank in Malaysia, has taken over Finansa Asset
24 Jul 14 11:12

CIMB Group Holdings, the parent of the second-largest bank in Malaysia, has taken over Finansa Asset Management as part of its ambition to expand in the region and in the Thai market through both organic growth and acquisitions - not always in the same business. CIMB CEO Nazir Razak said yesterday that the latest move by its fund unit in Thailand, CIMB-Principal Asset Management Co (CPAM), would broaden the group's footprint in this country. (The Nation)

Two big pay TV operators, CTH and GMM Grammy (GRAMMY.BK/GRAMMY TB), will join forces in the hopes of
24 Jul 14 11:12

Two big pay TV operators, CTH and GMM Grammy (GRAMMY.BK/GRAMMY TB), will join forces in the hopes of expanding their pay TV subscriptions to 2.5mn this year from 800,000 as well as help CTH to break even on its English Premier League (EPL) licensing fee. (Bangkok Post)

The country's biggest lender to small and medium-sized enterprises, Kasikornbank (KBANK.BK/KBANK TB)
24 Jul 14 11:11

The country's biggest lender to small and medium-sized enterprises, Kasikornbank (KBANK.BK/KBANK TB)*, will limit growth of its outstanding loans this year to 7% despite its above-target first-half results as it wants to focus on existing clients before chasing new ones next year. (The Nation)

Krungthai Bank (KTB.BK/KTB TB)* will focus on small and medium-sized enterprises (SMEs) and retail l
24 Jul 14 11:11

Krungthai Bank (KTB.BK/KTB TB)* will focus on small and medium-sized enterprises (SMEs) and retail loans over the next three years, targeting 10% growth as the sectors have higher margins, says president Vorapak Thanyawong. SME and retail loans represent some 50% of the banks total outstanding loan portfolio of Bt1.73tn. Another 40% are corporate loans and 10% government loans. (Bangkok Post)

The national telecom regulator has decided to scrap the controversial draft auction design for the f
24 Jul 14 11:11

The national telecom regulator has decided to scrap the controversial draft auction design for the fourth-generation (4G) spectrum, opening the door to other methods of spectrum allocation. The decision complies with the junta's order demanding the National and Broadcasting and Telecommunications Commission (NBTC) suspend the planned 4G spectrum auctions for one year. (Bangkok Post)

Thai automobile production will decline by about 10% this year due to the end of the first-car buyer
24 Jul 14 11:11

Thai automobile production will decline by about 10% this year due to the end of the first-car buyer scheme of the past government, according to the Automotive Industry Club. Surapong Paisitpattanapong, spokesman of the club under the Federation of Thai Industries, said on Wednesday that the club lowered its auto production prediction from 2.4mn to 2.2mn automobiles this year, and that would mean a 10.46% decline compared with 2013. (Bangkok Post)

The Thai Industries Sentiment Index rose for the second consecutive month in June to 88.4 from 85.1
24 Jul 14 11:10

The Thai Industries Sentiment Index rose for the second consecutive month in June to 88.4 from 85.1 in May due to political stability, end of the curfew and increased purchasing. (Bangkok Post)