Dr.Apichai Boontherawara has joined the Export-Import Bank of Thailand (EXIM Bank) as the bank’s president since July 1, 2006.
Before joining the EXIM Bank, Dr.Apichai, with 12-year experiences in various fields of the finance and banking sectors, was the managing director of the Asset Management Corporation (AMC) under Thailand’s Ministry of Finance. Earlier, he had been the first Thai general manager of Rabobank Nederland’s Thailand Representative Office for six years.
Dr.Apichai also had six years of experiences in investment banking as the head of the
Investment Banking Department of Nava Vickers Ballas Securities …

The Export-Import Bank of Thailand (EXIM Bank) saw its loans and export credit insurance during last year increase by 47.3 percent while the business turnover rise 2.7 percent, when compared with those of the previous year.
Dr.Apichai Boontherawara, president of the EXIM Bank, yesterday disclosed that the total value of new loans and guarantees to Thai exporters, export-related businessmen and oversea Thai investors have reached nearly 29.8 billion baht, an increase of 47.3 percent from 2007, and the bank’s business turnover slightly gone up to almost 120.7 billion baht, about 2.7 …

ASUSTEK Computer (Thailand) Co., Ltd. has today announced the launch of P565 smartphone in Thai market.

Equipped with an 800 MHz processor, which is the fastest in the world, ASUS P565 features the latest touch-driven user interface “Glide”, enabling its users to switch between tasks rapidly with their fingertips on the 2.8-inch touchscreen, running at a high resolution of 480 x 640 pixels.
The P565 also comes with a potent suite of business-oriented features and software, including push mail, business card recognition and Microsoft Office Mobile. Other useful applications such as Anytime Launcher …

Ratchaburi Electricity Generating Holding Plc (RATCH) yesterday signed an agreement with its joint venture partners of Hongsa Power Plant project in Lao PDR to set up two companies to support the operations of the lignite-fired power plant in the future.
Noppol Milinthanggoon, managing director of RATCH, disclosed that the company and its partners, Banpu Power Co., Ltd. and Lao Holding State Enterprise (LHSE) which would invest 40 and 20 percent respectively in the power plant project, agreed to set up Hongsa Power Co., Ltd. to operate the power plant and Phu Fai …

Bank of Ayudhya Plc (BAY) yesterday said it would buy a retail bank and a credit card business from American International Group Inc (AIG) for the total value of almost 2.06 billion baht.
BAY, Thailand’s fifth-largest bank which is 32.93 percent owned by GE Capital International Holding Corp, said in a notification letter to the Stock Exchange of Thailand (SET) that its board of directors had endorsed to purchase shares of AIG Retail Bank Plc, the operator of retail banking businesses, and AIG Card (Thailand) Co Ltd, the operator of credit …

The Cabinet on Tuesday gave an approval to Finance Ministry’s plan to borrow about 270 billion baht to support the state enterprises and to finance government’s initiatives to stimulate the economy.
Finance Minister Korn Chatikavanij told the press that an estimate of 200 billion baht will be short-term loans, up to the period of three years, from domestic commercial banks and state financial institutions to help the state enterprises which need funds for their projects or to refinance existing loans.
The other 70 billion baht, he said, will be sought from international …