Moody’s plans to review its credit rating for Thailand at the end of the year after giving the country a negative outlook for two years. Moody’s plans to upgrade the credit-rating outlook on Thailand as the negative outlook should no longer be maintained. However Moody’s cannot schedule the outlook adjustment, nor predict which way the rate will go, because it has to consider many factors. (The Nation)

Premier Abhisit Vejjajiva yesterday threw his support behind Thai Airways International (THAI.BK Bt4
03 Sep 10 09:54

Premier Abhisit Vejjajiva yesterday threw his support behind Thai Airways International (THAI.BK Bt40.00, NR)* controversial plan to set up a low-cost carrier with Singapore based Tiger Airways. The prime minister reaffirmed his support for the creation of the 51:49 joint venture. (Bangkok Post)

PTT Exploration and Production (PTTE.BK, Bt142.00, OP)'s* CEO and President, Anon Sirisaengtaksin, s
03 Sep 10 09:53

PTT Exploration and Production (PTTE.BK, Bt142.00, OP)'s* CEO and President, Anon Sirisaengtaksin, said in a statement issued yesterday that the company believes that the Montara incident had no effect on Indonesia because the company was able to control the situation. Meanwhile, PTTEP Australia (PTTEP AA), a subsidiary of PTTEP, said that Indonesia's damage claim contained no verifiable evidence. Therefore, PTTEP AA has not accepted any claim, even though it received the letter of claim for compensation on August 26 with the official amount of US$2.4bn. (The Nation)