Tagged: Dubai World Toggle Comment Threads | Keyboard Shortcuts

  • Tom 7:39 pm on January 26, 2010 Permalink
    Tags: assets, Bangkok Bank, , Bank of Ayudhya, , debt crisis, Dubai World, Dubai World Group, , hotel project, housing project, , , ,   

    Three Thai banks clarify roles in Dubai World investments 

    Dubai World investments

    In a bid to ease concern over impacts of the debt crisis facing state-operated Dubai World on its performance, three domestic commercial banks on Tuesday admitted they had financially supported companies under the umbrella of the giant corporation, but in quite small amounts compared to their assets.

    Bangkok Bank (BBL) Executive Chairman Kosit Punpiumrat said the bank loaned US$50 million (about Bt 1.67 billion) to the Dubai World Group Finance Co. (More …)

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  • Tom 9:32 pm on November 29, 2009 Permalink
    Tags: , , , Dubai economic, Dubai World, , gold price, , , , OPEC, , payments, Petroleum, , , , , , , world stock market,   

    Dubai economic collapse has little impact on Thailand economy 

    The Business Bay Executive Towers in Dubai Metropolis

    The Business Bay Executive Towers in Dubai Metropolis: Flickr.com

    Dubai economic fallout would not affect trading between Thailand and Dubai, according to the Director of the Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce, Mr. Thanavath Phonvichai.

    Mr Thanavath stated that the case of the Dubai World, the main investment company in Dubai,which requested the rescheduling of payments of US$59 billion (2.1 trillion baht) in debts last Friday had to be closely monitored during these two weeks although a clear process had been announced by Dubai government. However, he also said that the situation would depend on the central government of United Arab Emirates (UAE), adding the rescheduling of debt payment could affect the world stock market and gold price worldwide. Additionally, he believed that a clearer operation would bring back a normal situation in Dubai and global countries. (More …)

     
  • Tom 9:23 pm on November 29, 2009 Permalink
    Tags: businesses, corporates, , , Dubai World, Dubai World Company, financial crisis, , , , , , , , , , ,   

    SET believes Dubai financial crisis has no impact on Thai registered corporates 

    Dubai financial crisis

    Dubai: Flickr.com

    The Managing Director of the Stock Exchange of Thailand (SET) believed the financial crisis in Dubai had no impacts on Thai registered corporates, since the incident differed from the crisis in United States.

    Ms Pattariya Benjapolchai, the Managing Director of SET said that the organization had coordinated with the registered corporates and Thai joint venture businesses, to gather information of affected firms from the debt moratorium of Dubai World Company at 3,500 million USD. It was found that some businesses were defunct and some got 100 million THB damages, the situation was not a cause of concern anyway. (More …)

     
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