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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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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.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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