Scotiabank’s Affiliate Thanachart Bank Reaches Agreement to Acquire Stake in Siam City Bank Thanachart Bank today confirmed that it has reached an agreement to acquire almost 48 per cent of Thailand's Siam City Bank. The agreement is subject to regulatory approvals in Thailand. The stake in Siam City Bank is currently owned by Thailand's Central Bank through the Financial Institutions Development Fund (FIDF). Canadian-based Scotiabank owns 49 per cent of Thanachart Bank.

Thailand’s main airport reveals protest contingency plan for protests Thailand's main airport, which was besieged by protesters in 2008, said on Wednesday it had made contingency plans for protests this weekend, as ex-premier Thaksin Shinawatra rallied supporters by text ...

Honda Eco car’s concept model to be launched in Bangkok Honda Automobile (Thailand) maintains the schedule to manufacture its eco-car in Thailand in 2011, with the plan to launch the model at the Bangkok International Motor Show later this month.

BOI sees local business environment with much optimism for 2010 Thailand’s investment picture continues to be one of bright prospects and favorable confidence as 2010 builds on impressive reports. The number of projects that applied for incentives from the Thailand Board of Investment (BOI) in 2009 exceeded the target set for the year by a whopping 80%, coloring the local business environment with much optimism.

Thai Khem Khaeng economic stimulus extension likely until 2013 The slow disbursement of Thai Khem Khaeng economic stimulus funds may prompt the government to extend the plan by one more year to 2013, says Korbsak Sabhavasu, the secretary-general to ...

Foreign reserves up 29%, to 142 billion USD in 2009 Thailand's foreign reserves of US$142.4 billion at end-2009 represented a 28.61 per cent increase from the previous year, or about $31.68 billion. The Bank of Thailand attributed the increase to ...

Asean could rank among top places for investment and business Bangkok - Association of Southeast Asian Nations (Asean) could soon become one of the world's most interesting destinations for business and investment. "Asean should be able to open up to services and investment this year, which will highlight the region as the most attractive destination for doing business and investing," Thailand's Deputy Commerce Minister Alongkorn Ponlaboot said.

Britain’s Prudential buys AIG Asia for record 35.5 billion dollars Britain's Prudential on Monday agreed to buy the Asian arm of US peer AIG for 35.5 billion dollars in the insurance sector's biggest ever takeover but the share price crashed ...