Thailand questions managers

Article Abstract:

Thailand's Central Bank formally charged 4 former company officials of the Sitca Investment Finance & Securities PCL of misusing company funds. The 4 executives allegedly borrowed a total of 415 mil baht from Sitca to put up new companies. Central Bank's move is in following with the government's policy of reconciling the accounting books of several finance firms in the country. The central bank had already formally charged 6 former officials of General Finance & Securities PCL of misappropriation of funds, similar to the Sitca case.

Financial Services, Finance and Insurance, Cases, Embezzlement, Sitca Investment Finance & Securities PCL

---

Sewing up Singer Thailand; managers bet on rebound in domestic spending

Article Abstract:

Fund managers are investing in Singer Thailand hoping for an upturn in domestic spending. After 19 months of looking for export companies that would derive benefits from the falling currencies of Asia, Thai investors have deemed that the outlook for exports is not good. They are turning towards local consumption to uplift Thailand's economic fortunes. Singer's share price has jumped from an all-time low of 11.75 baht in Sep 1998 to close at 32.75 baht.

Securities prices, Household appliances, not elsewhere classified, Sewing Machines, Other Major Household Appliance Manufacturing, Prices and rates, Stocks, Consumption (Economics), Home appliances industry, Appliance industry, Stock prices, Singer Thailand Ltd.

---

Grammy's booming shares prompt call to take profit; entertainment conglomerate's stock surge may find some investors cashing in at the crescendo

Article Abstract:

Improvements in Thailand's share prices have resulted in a substantial increase in the price of Grammy Entertainment's stocks. Share prices for Thailand's largest music company has increased by 17% since Mar 31, 1999 making it the number one in the Stock Exchange of Thailand. As a result, at least one analyst suggests that investors cash in for profit. The company made a net profit of 224.5 million baht in 1998 on a revenue of 3.44 billion baht.

International economic relations, Integrated Record Production/Distribution, Prerecorded Audio Tapes, Sound recording industry, Recording industry, Tape recordings, Grammy Entertainment PLC

Similar abstracts:

• Abstracts: Computing closely matching upper and lower bounds on textile nesting problems. Goal network programs: a specialized algorithm and an application
• Abstracts: Airport privatisation gaining altitude in US. Winners in second round of Australian airports. Speeding up German airport take-offs
• Abstracts: Factory production rises 35% in personal-computer sector. Bigger is better among tech companies
• Abstracts: Germany's election: lumbering to the finishing post. Schroder's struggle. Germany's economic conjurers
• Abstracts: Does the level of experience have an affect on CRM programs? Exploratory research findings. Client Perceptions of Regional Law Firms and their Implications for Marketing Management

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.