Thursday June 27, 2019 07:33

Stcoks Press Release : 02 Oct 2015

Photo Release: Siam Commercial Bank receives AsiaRisk Awards 2015 Stcoks—02 Oct 15

Siam Commercial Bank was recently named AsiaRisk's 'House of the Year, Thailand', marking the third year in a row that the Bank has garnered the award. Organized by AsiaRisk, Southeast Asia's leading financial magazine, the award reflect SCB's strong

TRIS Rating Assigns Company Rating of LOXLEY at BBB+ with Stable Outlook Stcoks—02 Oct 15

กรุงเทพฯ--2 ต.ค.--TRIS Rating

TRIS Rating has assigned the company rating of Loxley PLC (LOXLEY) at "BBB+" with "stable" outlook. The rating reflects LOXLEY's diverse range of businesses and long-established relationships with its clients and suppliers. The rating also incorporates the sustained cash flow from sizable dividends received from its profit-making associate companies. Conversely, the rating is tempered by LOXLEY's relatively low profitability and the volatility of its revenue stream, which is largely project-based revenue.

The "stable" outlook reflects the expectation that LOXLEY can sustain its competitive position as it bids for projects and continues to show a sustainable level of project-based revenue. In addition, the company will continue to benefit from its diverse range of businesses and obtain considerable returns from its profitable associate companies. A rating upgrade is unlikely over the next 12-18 months but could occur if LOXLEY could significantly improve its profit margin and if its recent investments show notable payoffs. In contrast, downward rating pressure would emerge should LOXLEY experience a steep downturn in revenue, a further drop in profitability, or a material decline in amount of dividends it receives.

LOXLEY's business profile is satisfactory, underpinned by its diverse sources of revenue f

ASEAN Perspectives: Commodity complications Stcoks—02 Oct 15

In this edition of ASEAN Perspectives, we map out the region's commodity exposure, see page 3 A complicated story As the third quarter comes to a close, there are few signs of an emphatic improvement in activity across the region. High-frequency data

Outlook On Mitsui Co. Revised Downward To Ratings Affirmed At #A+/A-1# Stcoks—02 Oct 15

TOKYO (Standard & Poor's) Oct. 2, 2015--Standard & Poor's Ratings Servicestoday said that it has revised its outlook on the long-term corporate creditrating on Mitsui & Co. Ltd. to negative from stable. We also revised tonegative from stable

Outlook On Taiwan Life Insurance Revised To Positive After Similar Outlook Revision On CTBC Stcoks—02 Oct 15

TAIPEI (Standard & Poor's) Oct. 2, 2015--Standard & Poor's Ratings Servicessaid today it had revised its rating outlook on Taiwan Life Insurance Co. positive from stable and affirmed the long-term counterparty credit ratingand insurer

Kowloon-Canton Railway Corp. Ratings Affirmed At #AAA/A-1+# And #cnAAA/cnA-1+#; Outlook Stcoks—02 Oct 15

HONG KONG (Standard & Poor's) Oct. 2, 2015--Standard & Poor's Ratings Services said today it affirmed its 'AAA' long-term issuer credit rating on Kowloon Canton Railway Corp. (KCRC). The outlook is stable. We also affirmed our 'A-1+' short-term

Photo Release: Muang Thai Life Assurance Wins Brand of the Year 2015-2016 Stcoks—02 Oct 15

Muang Thai Life Assurance Public Company Limited has been chosen to receive the "Brand of the Year 2015-2016" award in the "Life Insurance Business" category of the World Branding Awards organized by the World Branding Forum. It is the first time that a

AXA Insurance launched Smart Condo. Focus on selling online. Intend to catch Gen Y Stcoks—02 Oct 15

AXA Insurance follows the growing condominium market trend against slow economy by launching "AXA Smart Condo". It is condominium insurance policy which offers full coverage for both indoor assets and building in the same policy. The company uses online

Photo Release: Summit Capital penetrates deeper to upper-Isan by launching Udon Thani Stcoks—02 Oct 15

Summit Capital Leasing Co chief executive officer Wichit Phayuhanaveechai (centre) has continued aggressive plans to tap into northeastern Thailand with the opening of its latest branch in Udon Thani's Samprao sub-district. According to its market

ASEAN finance functions must be reshaped for the AEC Stcoks—02 Oct 15

Southeast Asian companies should start thinking about upskilling their chief financial officer (CFO) and finance functions to cope with business environment shifts once the ASEAN Economic Community comes into force by year's end. Expectations for the AEC

Thai bourse to grant Thailands first SET Sustainability and Social Enterprise Investment Stcoks—02 Oct 15

The Stock Exchange of Thailand (SET) will organize the first "SET Sustainability Awards 2015" event on October 16, 2015 in Bangkok, in order to grant two special awards namely "SET Sustainability Awards" and "SET Social Enterprise Investment Awards" to

Photo Release: Krungsri Asset Management organizes the seminar Check Up Your Health, Grow Up Your Stcoks—02 Oct 15

Krungsri Asset Management Co., Ltd. (KSAM) led by Mr. Alan Kam, Acting Managing Director (middle), organized the seminar "Check up Your Health, Grow up Your Wealth" where joined by Mr. Brian Tan, Executive Director, J.P. Morgan Asset Management (left),

Vespucio Norte Express Issue Rating Raised To #BB+# From #BB# On Improved Operating And Financial Stcoks—02 Oct 15

BUENOS AIRES (Standard & Poor's) Oct. 1, 2015--Standard & Poor's RatingsServices said today it raised its issue-level rating on Sociedad ConcesionariaVespucio Norte Express S.A.'S (VNE) notes to 'BB+' from 'BB'. The outlook isstable. The 'BB+'

Affinion Group Holdings Inc. Downgraded To #CC# From #CCC+# On Exchange Outlook Stcoks—02 Oct 15

NEW YORK (Standard & Poor's) Oct. 1, 2015--Standard & Poor's Ratings Serviceslowered its corporate credit rating on Affinion Group Holdings Inc. to 'CC'from 'CCC+'. The rating outlook is negative. At the same time, we lowered our issue-level

Ratings On Rio Oil Finance Trust 2014-1 And 2014-3 Placed On CreditWatch With Negative Stcoks—02 Oct 15

NEW YORK (Standard & Poor's) Oct. 1, 2015--Standard & Poor's Ratings Services today placed its ratings on Rio Oil Finance Trust's fixed-rate notes series 2014-1 and 2014-3 on CreditWatch negative (see list). The note issuances are backed by

Latvia Is Addressing Challenges of Aging, But Efforts Should Be Intensified, Says World Stcoks—02 Oct 15

Today, the World Bank presented its new report The Active Aging Challenge for Longer Working Lives in Latvia, prepared in cooperation with the Ministry of Welfare of the Republic of Latvia. The main objective of the report is to provide background

New Support for Tunisia to Address Economic Shocks and Maintain Momentum on Key Stcoks—02 Oct 15

The World Bank announced today US$500 million in new support for Tunisia to cope with the economic impacts of the recent terrorist attacks, while also supporting further headway in the ongoing reform program. The new operation is the third and final of a

World Bank Group Welcomes New Chair of the Sanctions Board Stcoks—02 Oct 15

The World Bank Group issued the following statement today on the appointment of J. James Spinner as the new Sanctions Board Chair: "The World Bank Group welcomes Mr. J. James Spinner as the new Chair of the Sanctions Board. Mr. Spinner, a U.S. national,

Governments Should Focus on Shared Prosperity to Address InequalityWorld Bank Group Stcoks—02 Oct 15

World Bank Group President Jim Yong Kimtoday called on governments looking to address growing inequality to work on boosting "shared prosperity," with a strong focus on improving the lives of the bottom 40 percent of populations in developing

Malaysia and the World Bank Group Ink Final Agreement to Open New Office in Kuala Stcoks—02 Oct 15

The Government of Malaysia and the World Bank Group signed an Office Support Agreement today, the final legal instrument necessary to establish the knowledge and research office in Kuala Lumpur and commence operations from Sasana Kijang, Bank Negara

IMF Managing Director Welcomes the Independent Evaluation Offices Report on Self-Assessment at the Stcoks—02 Oct 15

The International Monetary Fund's (IMF) management and staff welcome the report "Self-Evaluation at the IMF: an IEO Assessment"which was released today by the Independent Evaluation Office (IEO). This is the first effort by the IEO to assess

Southern Africa Officials Share Experience of Natural Resource Wealth Stcoks—02 Oct 15

The IMF's Africa Regional Technical Assistance Center South (AFRITAC South), in collaboration with the Africa Training Institute, held a seminar on "Strengthening Fiscal Frameworks and Public Financial Management Systems for Managing Natural Resource

Statement by IMF Staff at the Conclusion of the 2015 Article IV Consultation Mission to Stcoks—02 Oct 15

An International Monetary Fund (IMF) mission, led by Geert Almekinders, visited Nepal from September 20 to October 1, to hold discussions for the 2015 Article IV consultation. The mission met Minister of Finance Ram Sharan Mahat, Central Bank Governor

Government Officials from Central and Southern Africa Promote Good Practice in Preventing Tax Stcoks—02 Oct 15

The AFRITACs Central and South organized on September 28-October 2 an interregional seminar, in collaboration with the Africa Training Institute. The event organized at the institute's headquarters in Mauritius brought together senior officials and

IMF Annual Report Showcases Year of Innovation Stcoks—02 Oct 15

The International Monetary Fund (IMF) today released its 2015 Annual Report that highlights its efforts to spur stronger and more inclusive growth amid unexpected economic developments and challenges that have required rapid adjustments. The Report comes