THAILAND

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UK Prudential buys Singapore insurance firm

Britain's biggest insurer Prudential (PRU.L) is buying the life insurance unit of Singapore's third-biggest lender UOB (UOBH.SI) for S$428 million ($307 million) to beef up its presence in fast-growing Asia.

Toyota, Honda step up small-car war in India

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Toyota Motor Co and Honda Motor Co launched new compact cars to tap the fast-growing and price-sensitive India market as they and other automakers seek to put a dire 2009 behind them.
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Asia Naphtha-Thai PTT delays cracker shutdown to Feb

PTT Chemical PCL (PTTC.BK) will defer maintenance at its 461,000 tonnes per year (tpy) ethane cracker by about two months to February, while it holds trial runs at its new 1 million-tpy cracker, its CEO said on Thursday.
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Kim Jong-il's response letter to Obama

President Barack Obama has written a private letter to North Korea leader Kim Jong-il, presented by U.S. special envoy Stephen Bosworth to North Korea's First Vice Foreign Minister Kang Sok Ju on Dec. 9 during his visit to the North.
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Thailand still scarred five years after tsunami

Suvadee Sukkasem is still searching for her son who vanished when the Indian Ocean tsunami turned this tropical paradise into a mass grave for thousands of Thais and foreign vacationers nearly five years ago.
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Thai probes to mass weapons seized from North Korea

Thai investigators said Tuesday they have found mass weapons including rocket-propelled grenades, components for surface-to-air missiles and other armaments seized from a plane setting off via North Korea.
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Thais extend North Korean arms cargo crew's detention

A Thai court on Monday extended the detention of the crew of a seized cargo aircraft loaded with 35 tonnes of arms from North Korea as its unscheduled arrival in Bangkok stirred questions over illicit-weapons trade.
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Thai authorities hold crew of plane after arms find

Thai security forces seized more than 35 tonnes of arms from a cargo plane and arrested five crew members after the aircraft made an emergency landing to refuel at a Bangkok airport, officials said on Saturday.
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Thai anti-government protesters demand new elections

Thousands of supporters of former Thai premier Thaksin Shinawatra rallied in Bangkok on Thursday, turning up the heat on Thailand's embattled government ahead of big protests planned for January in a push for new elections.
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Thai True sees 2009 revenue growth under 5 pct

True Corporation PCL TRUE.BK, Thailand's only integrated telecoms firm, said on Tuesday it expected its 2009 revenue to rise less than 5 percent from last year due to the weak economy
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Hospitalized Thai King addresses nation

Thailand's aging monarch addressed the nation on Saturday for the first time since hospitalization more than two months ago, marking his 82nd birthday with a call for calm in the politically turbulent country.
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Thai stocks end up 3 pct on court case optimism

Thailand's stock market .SETI ended 3 percent higher on Tuesday as investors bought energy big caps .SETEN and banks .SETB on hopes of an early, favourable conclusion to a court case that has halted some industrial activities.
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Canada, Australia ranked best places for expats

Looking to work overseas? Head to Canada, Australia or Thailand, according to an annual global survey which found recession-hit Britain was one of the worst locations to live for expatriates.
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Thai BEC World sees weaker 2009 net profit

Thailand's top listed television broadcaster, BEC World, said on Monday it expected its 2009 net profit to be lower than the 2.8 billion baht ($84 million) earned in 2008 due to the weak economy.
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Thai natural gas demand seen up 10.6 pct in 2010

Thailand's natural gas demand is expected to rise 10.6 percent in 2010 to 3.95 billion cubic feet per day due mainly to growing demand from petrochemical plants, PTT PTT.BK, the country's sole gas supplier, said on Monday. Domestic gas consumption in 2009 should grow by around 3.3 percent to 3.57 billion cubic feet per day, Permsak Shevawattananon, senior executive vice president for PTT's gas business, told reporters.
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Airports of Thailand has Q4 loss, hit by forex

Airports of Thailand (AOT), the country's main airport operator, reported a worse-than-expected fourth-quarter net loss on Monday, hit by foreign exchange losses and higher operating costs.
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Thai 3G auction may be delayed to Q2 2010 -telcos

Thailand's long-awaited auction of third-generation mobile phone licences could take place in the second quarter of 2010 rather than the first as suggested by regulators, two mobile phone operators said on Thursday.
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China expert warns of pandemic flu mutation

China must be alert to any mutation or changes in the behavior of the H1N1 swine flu virus because the far deadlier H5N1 bird flu virus is endemic in the country, a leading Chinese disease expert said.
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Mideast/Asia fund eyes sharia for clean tech

Private equity firm Middle East & Asia Capital Partners Pte (MEACP) plans to introduce a sharia-compliant investment vehicle to its clean energy fund to attract Islamic capital, a company executive said.
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Daimler's Fuso sees 2009 vehicle sales halving

Mitsubishi Fuso, the Japanese unit of market leader Daimler Trucks, aims to weatherproof the company for smaller volumes in the future in order to steer clear of the losses it will book this year.

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