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Published on August 31, 2007

"TMB, in consultation with an independent financial adviser, has reassessed the carrying value of goodwill to determine the future economic benefits of that goodwill. Based on the result of this reassessment, the goodwill of Bt12.24 billion was written off in the first half of 2007. Such an impairment charge will not affect the bank's capital-adequacy level, given its non-cash nature and exclusion from capital-adequacy calculations," the bank said. 

Normal duties

Thai shrimp exports will enjoy normal import tariffs in the US again after the final judgement by the World Trade Organisation against that country's "zeroing" policy, a special calculation practice that imposed anti-dumping charges on shrimp imported from Ecuador.

The judgement resulted in the US Commerce Department cancelling its 4.42-per-cent anti-dumping charge on shrimp imports from Ecuador from August 15.

The US Southern Shrimp Alliance said the WTO's judgement would force that country to withdraw its anti-dumping duty on Thai shrimp, as well.

Car alliance

Sri Muang Insurance said it had joined a campaign with a Japanese carmaker to improve its marketing.

"Sri Muang Insurance regularly introduces new insurance services, to cater to the needs of our customers. The most recent one to be launched is Auto Smile, which has been well received by individual customers. Another interesting marketing initiative was the formation of alliances with a Japanese carmaker to offer attractive insurance campaigns," said executive vice president Lhuckchai Suttichujit. 

Funds for rice

The Fiscal Policy Office next month will budget Bt1.7 billion for the Commerce Ministry to pay its rice-warehouse debt, ministry permanent secretary Karun Kittisataporn said yesterday.

The ministry faces a heavy burden this year, with a stockpile of 4.3 million tonnes of rice.

The Nation