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	<title>Silom Journal &#187; Finance</title>
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	<link>http://silomjournal.com</link>
	<description>Thailand Finance Business News &#38; Lifestyle</description>
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		<title>The Camparino Returns to the Gallery</title>
		<link>http://silomjournal.com/finance/the-camparino-returns-to-the-gallery/</link>
		<comments>http://silomjournal.com/finance/the-camparino-returns-to-the-gallery/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 08:42:56 +0000</pubDate>
		<dc:creator>Orasa</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=3281</guid>
		<description><![CDATA[MILAN&#8211;26 Jan&#8211;PRNewswire-AsiaNet/InfoQuest The famous sign of the Camparino bar, opened by Davide Campari in 1915, returns to the Vittorio Emanuele II Gallery The Camparino, historically known as the bar of the Campari [http://www.campari.com ] brand, returns to the Vittorio Emanuele II Gallery in Milan. The new modern interpretation of the famous original sign has been [...]]]></description>
			<content:encoded><![CDATA[<p> MILAN&#8211;26 Jan&#8211;PRNewswire-AsiaNet/InfoQuest</p>
<p>          The famous sign of the Camparino bar, opened by Davide Campari in 1915, returns to the Vittorio Emanuele II Gallery</p>
<p>          The Camparino, historically known as the bar of the Campari [http://www.campari.com ] brand, returns to the Vittorio Emanuele II Gallery in Milan. The new modern interpretation of the famous original sign has been designed by the master Ugo Nespolo [http://www.nespolo.com/ita/index.php ].</p>
<p>          To view the Multimedia News Release, please click:</p>
<p>http://multivu.prnewswire.com/mnr/prne/campari/52816/</p>
<p>          The Camparino, one of the symbols commonly associated with Milan, alongside fashion and design, was the place that gave birth to the tradition of the aperitif, the brand then successfully playing on this concept and diffusing its popularity both nationally and internationally.</p>
<p>          We are extremely proud to once again be able to call the flagship bar of the Campari brand ‘The Camparino’. This is the traditional heart place for aperitif-drinkers from Milan and around the world,” comments Andrea Conzonato, Chief Marketing Officer, Gruppo Campari. &#8220;With this project, Campari will return to the symbolic location of its origins in the bar that witnessed the birth of the aperitif as a unique moment heralding conviviality and good company.&#8221;</p>
<p>          The Camparino will be a place where visitors can experience a true Campari &#8220;full immersion&#8221;; with an eye on the future but a hand firmly on the wheel that once navigated over its origins on the way to making the brand a household name: a place where people can meet and exchange ideas in the run-up to Expo<br />
2015.</p>
<p>          Davide Campari opened the Camparino in 1915 as the younger brother of Caffe Campari, the establishment his father Gaspare had opened in 1867 not only to serve the aperitif, but also to serve as a restaurant. The Camparino is the location where a routine aperitif becomes legend, where celebrities mingle with ordinary people. It has witnessed the birth of some of the trends that would spark the styles to become popular in the years to come.</p>
<p>          The Camparino will continue to be managed by Orlando Chiari and Teresa Miani, respectively the son-in-law and daughter of Guglielmo Miani, the Apulian tailor who arrived in Milan in 1922 and who purchased the licence of the bar.</p>
<p>          Ugo Nespolo is the master responsible for designing the new Camparino sign, an essential mix of tradition and innovation produced by an artist who has worked with Campari on Italian and international projects for many years.</p>
<p>          To see the global contact list for Campari, please click here:</p>
<p>http://www.camparigroup.com/en/press_media/press_contacts/press_contacts.jsp</p>
<p>          SOURCE: Gruppo Campari</p>
<p>          AsiaNet 48031</p>
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		<title>Obzerv Technologies Inc. receives a Contract from Bharat Electronics Ltd. for 46 Range-Gated Cameras</title>
		<link>http://silomjournal.com/finance/obzerv-technologies-inc-receives-a-contract-from-bharat-electronics-ltd-for-46-range-gated-cameras/</link>
		<comments>http://silomjournal.com/finance/obzerv-technologies-inc-receives-a-contract-from-bharat-electronics-ltd-for-46-range-gated-cameras/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 01:21:00 +0000</pubDate>
		<dc:creator>Orasa</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=3275</guid>
		<description><![CDATA[QUEBEC, Quebec, Canada&#8211;25 Jan&#8211;CNW-AsiaNet/InfoQuest Obzerv Technologies Inc. ( http://www.obzerv.com ) has received a contract from Bharat Electronics Ltd. to supply 46 ARGC-2400 cameras. Obzerv’s electro-optic cameras will be integrated by Bangalore-based defense Public Sector Company Bharat Electronics Ltd. (BEL) in a multi sensors Coastal Surveillance System. Each system to be supplied to Indian Coastguard will [...]]]></description>
			<content:encoded><![CDATA[<p>          QUEBEC, Quebec, Canada&#8211;25 Jan&#8211;CNW-AsiaNet/InfoQuest</p>
<p>          Obzerv Technologies Inc. ( http://www.obzerv.com ) has received a contract from Bharat Electronics Ltd. to supply 46 ARGC-2400 cameras. Obzerv’s electro-optic cameras will be integrated by Bangalore-based defense Public Sector Company Bharat Electronics Ltd. (BEL) in a multi sensors Coastal Surveillance System. Each system to be supplied to Indian Coastguard will include: the ARGC-2400, a thermal imager, a radar station and meteorological sensors, all of which will be mounted on lighthouses and towers. While the radars and thermal imagers will be dedicated to targets detection, the ARGC-2400 cameras will be used to classify and identify those targets to provide situational awareness and the ability to counter a threat.</p>
<p>          Ever since the 2008 Mumbai attack, the Indian Coast Guard&#8217;s mandate was to find the best surveillance solution including a camera system operating day and night to identify any suspect vessel at long distances. The Coast Guard selected BEL to provide such turnkey surveillance solution, which in turn selected an Electro Optic System based on Obzerv ARGC-2400 camera after an international competition lasting many months. Among many features, the main advantage of the long-range night vision cameras developed by Obzerv is their capabilities to perform long-range identification using Obzerv&#8217;s unique Patent Pending pulse laser source.</p>
<p>          This program is the first phase of the Indian coastal surveillance project designed to cover the entire coast. “Nowadays, long-range identification of a potential threat is of the utmost importance and the ARGC-2400 is up for the challenge. This contract confirms again the unique capabilities and versatilities of our cameras” says Mr. Alain Laflamme, Vice-President, Sales &amp; Marketing of Obzerv Technologies.</p>
<p>          About Obzerv Technologies Inc.</p>
<p>          Founded in 2002, Obzerv Technologies is a privately held company headquartered in Quebec City, QC, Canada. Obzerv is specialized in the design and manufacturing of Active Range-Gated Imaging Systems for night vision and long-range surveillance. Obzerv’s cameras have been deployed around the world and integrated in numerous surveillance systems. Coastal and border surveillance, ports and airports surrounding surveillance, large industrial properties surveillance as well as Homeland Security are just a few applications where Obzerv’s cameras can be used.</p>
<p>           About Bharat Electronics Ltd.</p>
<p>          Bharat Electronics Limited (BEL) (BSE: 500049, NSE: BEL) is a state-owned electronics company with about nine factories, and few regional offices in India. It is owned by the Indian Government &amp; primarily manufactures advanced electronic products for the Indian Armed Forces. BEL is one of the eight PSUs under Ministry of Defence, Government Of India.</p>
<p>           To learn more about Obzerv, visit:<br />
            www.obzerv.com </p>
<p>            SOURCE: Obzerv Technologies Inc.</p>
<p>           CONTACT: Obzerv Technologies Inc., Sylviane Lelievre, Marketing Manager,<br />
           Telephone: +1-418-524-3522 ext: 237, sylviane.lelievre@obzerv.com/  </p>
<p>           AsiaNet 48137 </p>
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		<title>S&amp;P buys 5% stake in Thai Tris Rating</title>
		<link>http://silomjournal.com/finance/sp-buys-5-stake-in-thai-tris-rating/</link>
		<comments>http://silomjournal.com/finance/sp-buys-5-stake-in-thai-tris-rating/#comments</comments>
		<pubDate>Wed, 30 Nov 2011 07:03:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=3168</guid>
		<description><![CDATA[Standard &#038; Poor&#8217;s, the U.S.-based world&#8217;s leading credit rating agency, said it has acquired a 5% stake in Tris Corp, a mother company of Thailand&#8217;s leading rating agency Tris Rating Co., Ltd. in a move to strengthening its local reach and boost its Asia networks. Tris&#8217;s managing director Santi Keeranant said the collaboration will support [...]]]></description>
			<content:encoded><![CDATA[<p>Standard &#038; Poor&#8217;s, the U.S.-based world&#8217;s leading credit rating agency, said it has acquired a 5% stake in Tris Corp, a mother company of Thailand&#8217;s leading rating agency Tris Rating Co., Ltd. in a move to strengthening its local reach and boost its Asia networks.</p>
<p>Tris&#8217;s managing director Santi Keeranant said the collaboration will support both the agencies&#8217; businesses through a joint research and development projects, as well as their human resource development programs. </p>
<p>The move will also benefit both investors and the markets in the region and the world which will gain insight market information through their services, he said.</p>
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		<item>
		<title>S&amp;P keeps Thailand&#8217;s rating BBB+ despite floods</title>
		<link>http://silomjournal.com/finance/sp-keeps-thailands-rating-bbb-despite-floods/</link>
		<comments>http://silomjournal.com/finance/sp-keeps-thailands-rating-bbb-despite-floods/#comments</comments>
		<pubDate>Wed, 23 Nov 2011 08:53:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=3141</guid>
		<description><![CDATA[Standard &#038; Poor’s (S&#038;P’s) affirms Thailand&#8217;s foreign currency long-term debt remained investible with BBB+/A-2 credit rating while local currency long-term debt was A-/A-2 with stable outlook despite of the country’s currently flooding, according to the Public Debt Management Office&#8217;s director Chakkris Paraphanthakul. He said S&#038;P&#8217;s sees Thai government’s sovereign debt remain at low level and [...]]]></description>
			<content:encoded><![CDATA[<p>Standard &#038; Poor’s (S&#038;P’s) affirms Thailand&#8217;s foreign currency long-term debt remained investible with BBB+/A-2 credit rating while local currency long-term debt was A-/A-2 with stable outlook despite of the country’s currently flooding, according to the Public Debt Management Office&#8217;s director Chakkris Paraphanthakul.</p>
<p>He said S&#038;P&#8217;s sees Thai government’s sovereign debt remain at low level and is able to weather off any downward factors caused by the country currently flooding while its fiscal position has little impact from political unstable environment.</p>
<p>The rating agency expected Thai’s foreign exchange reserve would reach at $173 billion by the yearend, which seen as a buffer level to any unexpected pressures on its economy and its financial sector. while the country sovereign debt for 2010 would stay at bellow 20 percent of GDP.</p>
<p>Moreover, Thailand’s sovereign debt ratio is seen as at appropriate level of 7.5 percent of the government&#8217;s revenue, which, despite, expected at 22 percent of the country’s GDP this year. The number is at the lower range level among the countries with BBB rating.</p>
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		<title>Thailand Company Registration</title>
		<link>http://silomjournal.com/finance/thailand-company-registration/</link>
		<comments>http://silomjournal.com/finance/thailand-company-registration/#comments</comments>
		<pubDate>Wed, 23 Nov 2011 02:57:42 +0000</pubDate>
		<dc:creator>SiamLegal</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=3134</guid>
		<description><![CDATA[Formal business registrations are designed to legally protect your company. Registered businesses can freely operate without the fear of violating any law. In addition, registration allows corporations to fully safeguard their intellectual property rights. Setting-up a Thai company is a lucrative endeavor for many foreign investors. Thailand is one of the strongest emerging economies. The [...]]]></description>
			<content:encoded><![CDATA[<p><a rel="attachment wp-att-3138" href="http://silomjournal.com/finance/thailand-company-registration/attachment/conference-room-with-oval-table-3d/"><img class="alignleft size-large wp-image-3138" src="http://silomjournal.com/wp-content/uploads/Conference-Table-260x179.jpg" alt="" width="260" height="179" /></a>Formal business registrations are designed to legally protect your company. Registered businesses can freely operate without the fear of violating any law. In addition, registration allows corporations to fully safeguard their intellectual property rights.</p>
<p>Setting-up a Thai company is a lucrative endeavor for many foreign investors. Thailand is one of the strongest emerging economies. The growth of tourism in the country continues to open avenues for tapping different market segments. Moreover, the increasing demand for automotive parts, aircraft supplies, cosmetic products and the like present high economic opportunities.</p>
<p><strong>Registration procedures</strong></p>
<p>Company registrations in Thailand are easy. You simply need to follow the instructions below. For speedier transactions, corporate entities are advised to seek legal assistance.</p>
<p><strong> 1.	Corporate name reservation</strong> &#8211; Name reservation is the first step in the Thai company registration process. The business promoters must complete the Name Reservation Form and submit it to the Ministry of Commerce’s (MOC) Business Development Department. Alternative names must be also prepared and submitted to the registrar for review or evaluation. These alternatives shall replace the original in cases where the latter is similar to a previously-registered name or violates ministerial ruling. Usually, the entire process lasts for two (2) days. To make things easier, promoters can search and visit www.registration.com or www.dbd.go.th to check whether their registered names are no longer available.</p>
<p><strong> 2.	Filing a Memorandum of Association</strong> – Once the name is approved, a Memorandum of Association (MOA) containing the company’s name; business objective; promoter’s name; capital to be registered and location must be submitted. Fifty (50) baht per 100,000 baht of the registered capital must be paid for the memorandum registration fee.</p>
<p><strong> 3.	Convening a statutory meeting</strong> – Statutory meetings are held after determining the share structures. Said meetings serve several purposes:</p>
<ul>
<li>Adoption of company regulations</li>
<li>Ratification of the contracts entered by the promoters</li>
<li>Determination of the expenses to be addressed by the promoters</li>
<li>Identification of the number of shares that should be issued and the extent of preferential rights given</li>
<li>Determination of the number of ordinary shares or preference that should be paid whether in full or in half</li>
</ul>
<p><strong> 4.	Registration</strong> – Three (3) months after the statutory meeting, an application seeking to begin the company’s operations must be submitted. Thailand company registration requires promoters to furnish the auditor’s name, license number and salary.</p>
<p><strong> 5.	Registering for tax documents</strong> &#8211; Companies that are subject to income tax must acquire the tax ID and card number from the Revenue Department once the establishment begins its operations or within sixty (60) days of incorporation.</p>
<p>Although setting-up a Thai company is hassle-free, it is undeniable that there is a need for skilled lawyers to oversee the whole process. Reputable law firms, characterized by their strong familiarity with Thai laws can assist businesses in preparing the required documents.</p>
<p>This article was provided by Siam Legal, an international law firm with offices in Bangkok, Chiang Mai, Hua Hin, Pattaya, Phuket, and Samui. Siam Legal publishes legal guides to <a href="http://www.siam-legal.com/Business-in-Thailand/thailand-company-all-structures.php" rel="nofollow">company registration in Thailand</a> on its website.</p>
<p style="text-align: center">Siam Legal International<br />
Interchange 21 Building, 23rd Floor, 399 Sukhumvit Road<br />
North Klongtoey, Wattana, Bangkok 10110<br />
Tel: 662 259-8100</p>
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		<title>PTTGC acquires 51% stake in Perstorp Holding France for 4.83 billion baht</title>
		<link>http://silomjournal.com/finance/pttgc-acquires-51-stake-in-perstorp-holding-france-for-4-83-billion-baht/</link>
		<comments>http://silomjournal.com/finance/pttgc-acquires-51-stake-in-perstorp-holding-france-for-4-83-billion-baht/#comments</comments>
		<pubDate>Tue, 22 Nov 2011 08:30:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=3127</guid>
		<description><![CDATA[PTT Global Chemical Pcl (PTTGC) has acquired 51 percent stake in French’s manufacturer of Polyurethane (PU) plastic Perstorp Holding France SAS (&#8220;Perstorp Holding France&#8221;) for 4.83 billion baht (114.8 million euro), according to its board of committees. PTT Global Chemical said the acquisition is however still needed to reach a deal with Perstorp Holding France’s [...]]]></description>
			<content:encoded><![CDATA[<p>PTT Global Chemical Pcl (PTTGC) has acquired 51 percent stake in French’s manufacturer of Polyurethane (PU) plastic Perstorp Holding France SAS (&#8220;Perstorp Holding France&#8221;) for 4.83 billion baht (114.8 million euro), according to its board of committees.</p>
<p>PTT Global Chemical said the acquisition is however still needed to reach a deal with Perstorp Holding France’s employees inconsistent with France&#8217;s corporate law.</p>
<p>Perstorp Holding France manufactures and owns Isocyanate technology know-how in Europe and Asia which is used to produce Toluene diisocyanate (TDI), Hexamethylene diisocyanate (HDI) and Derivatives as materials for Polyurethane(PU) resin.</p>
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		<title>TYCN dilutes shareholding in TY Steel from 95% to 49.76%</title>
		<link>http://silomjournal.com/finance/tycn-dilutes-shareholding-in-ty-steel-from-95-to-49-76/</link>
		<comments>http://silomjournal.com/finance/tycn-dilutes-shareholding-in-ty-steel-from-95-to-49-76/#comments</comments>
		<pubDate>Fri, 11 Nov 2011 08:31:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=3032</guid>
		<description><![CDATA[Tycoons Worldwide Group Pcl said its broad of management agrees to dilute its ownership in a subsidiary company, TY Steel Co., Ltd., down to 49.76 percent from currently 95 percent. According to Mr. Haung Pin Lun, the Taiwan-based manufacturer of nail and bolts agrees to reduce its shareholding position in TY Steel from currently 39,899,997 [...]]]></description>
			<content:encoded><![CDATA[<p>Tycoons Worldwide Group Pcl said its broad of management agrees to dilute its ownership in a subsidiary company, TY Steel Co., Ltd., down to 49.76 percent from currently 95 percent.</p>
<p>According to Mr. Haung Pin Lun, the Taiwan-based manufacturer of nail and bolts agrees to reduce its shareholding position in TY Steel from currently 39,899,997 common shares to 20,899,997 shares or from 95 percent to 49.76 percent.</p>
<p>The sale of an eminent 19,000,000 shares would go to Tycoons International Co., Ltd., which holds 69.3 percent stake in Tycoons Worldwide, at a sale price of 10 baht a share.</p>
<p>TY Steel was established in 2011 with paid-up capital of 420,000,000 baht and manufacturers and sells steel bars domestically.</p>
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