Thailand

Thai baht also weakens.

Both countries gained 4.4% yesterday.

To expand its funding base by 2015.

In a release, MasterCard announced the appointment of Antonio Corro as country manager of Thailand and Myanmar, and Arn Vogels as country manager of IndoChina (Vietnam, Laos, Cambodia).

Two are from finance sector.

Demand for data center services surge.

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A criminal complaint has been filed against Sopana Janeborvorn, a former mutual-fund manager.

Finansa Asset Management CEO Teerapan Jittalan foresees a 50-basis point cut in the policy rate this year.

Bangkok Commercial Asset Management sees good profit in rehabilitating debts and selling NPAs.

Thai banks have launched strategies to retain wealthy customers and attract the newly rich.

Kasikorn Asset Management forecasts assets under management (AUM) to touch Bt1 trillion this year.

Siam Commercial Bank changed its private banking strategy for clients who are getting richer.

Thailand's mutual-fund industry is expected to increase by at least 10 per cent this year.

For 10 million euro. This is the amount the ING Group will receive in selling its investment management business in Thailand to UOB Asset Management.

Bank of Ayudhya will issue a 10-year unsecured subordinated debenture worth Bt20 billion to support long-term funding and reinforce its Tier 2 capital.