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

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

    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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