Published on May 13, 2005

lThe Export-Import Bank of Thailand yesterday posted a net profit of Bt153 million in this year’s first quarter, compared with a Bt141 million profit in same period in 2004, according to its president, Sataporn Jinachitra. The growth in income was attributed to higher net dividend and interest income, as well as improved non-interest income. However, provisions for possible loan losses and debt restructuring had increased to Bt188 million as of March 31, from Bt144 million from on the same day last year. – The Nation.

lA Bt4-billion securitised bond offering by finance company Siam Industrial Credit will be delayed by up to two weeks, Standard Chartered Bank, the offering’s underwriter, said yesterday. The bonds were to be offered to institutional investors via a book-building process yesterday, but some investors asked for more time to discuss the investment at their board meetings, said Arthid Nanthawithaya, head of fixed income at the Bangkok branch of Standard Chartered. – The Nation.

The Stock Exchange of Thailand temporarily suspended trading in shares of Picnic Corp yesterday, after the cooking gas distributor was ordered to amend its 2004 financial statement. – The Nation.

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