Singapore c.bank to introduce s-term bills from Q2 2011

July 29 (Reuters) – Singapore’s central bank said on Thursday it will issue short-term bills next year, a fourth instrument for money markets, to help banks manage their liquidity.

Currently the central bank uses three instruments — foreign exchange swaps, money market borrowings and repos.

“MAS Bills will be our fourth instrument. These bills are negotiable, so banks needing liquidity can tell them or pledge them as collateral in interbank repo markets as well as the MAS Standing Facility,” said Heng Swee Keat, the managing director of the Monetary Authority of Singapore.

“This will facilitate banks in managing their liquidity.”

He said the bills would be for up to three months and the authority was initially planning an issue of up to S$20 billion. (Reporting by Nopporn Wong-Anan)

Sembcorp Marine says sells $356 mln jack-up rig

July (Reuters) – Sembcorp Marine (SCMN.SI), the world’s second largest offshore rig-builder, said on Monday its subsidiary has signed a contract to sell a jack-up drilling rig worth $356 million to a unit of Norway’s Seadrill Ltd (SDRL.OL).

The harh environment drilling rig, originally ordered by another owner that went into liquidation, would be chartered to Norwegian oil explorer Statoil (STL.OL). (Reporting by Nopporn Wong-Anan; editing by Dhara Ranasinghe)

S. Korea’s Lee says referred ship sinking to U.N.

June 4 (Reuters) – South Korean President Lee Myung-bak said on Friday that Seoul had complaind to the United Nations Security Council about the sinking of its naval ship by the North in March.

“Today, the Republic of Korea government referred the matter of North Korea’s attack against the Cheonan to the U.N. Security Council,” said Lee, speaking at a security conference in Singapore.

“North Korea must admit its wrongdoing, it must pledge to never again engage in such reprehensible action. This is in the interest of peace. This is in the interest of North Korea.” (Reporting by Nopporn Wong-Anan; Editing by Raju Gopalakrishnan)

Bombs kill two, wound 28 in Thai Muslim south

Two bombs exploded in quick succession in Thailand’s restive Muslim south on Wednesday, killing two people and wounding at least 28, police said.

The first bomb, hidden in a motorcycle, exploded near a car showroom in Yala province, 1,100 km (680 miles) south of Bangkok, police said. As rescue workers and bomb squads arrived at the scene, the second bomb exploded in a street 30 metres away.

More than 3,900 people, both Buddhists and Muslims, have been killed in six years of unrest in the largely Muslim, rubber-rich region bordering Malaysia.

Pattani, Yala and Narathiwat provinces were part of an independent sultanate known as Patani until annexed in 1909 by predominantly Buddhist Thailand.

The attackers, believed to be separatists, often target Buddhists and Muslims associated with the Thai state such as police officers, soldiers, government officials and teachers.

No credible group has claimed responsibility for attacks in the region, where a majority of the people speak a Malay dialect as their first language and have long complained of discrimination, especially in education and job opportunities.

(Reporting by Surapan Boonthanom in Yala and Panarat Thepgumpanat; Writing by Nopporn Wong-Anan; Editing by Alan Raybould)

Thai bourse to resume trading on Monday – SET chief

Thailand’s stock exchange will resume full-day trading sessions on Monday, the bourse said in a statement. “Our trading system and those of our members are ready to resume operations,” Stock Exchange of Thailand President Patareeya Benjapolchai said. The exchange was closed on Thursday and Friday following the worst riots in Bangkok’s modern history.

(Reporting by Nopporn Wong-Anan; Editing by Raju Gopalakrishnan)

(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: THAILAND/EXCHANGE

One body found at charred Thai mall – agency

The body of a 24-year-old man was found on Friday at a shopping mall set on fire during riots in Bangkok, medical rescue workers said, denying earlier reports that nine bodies were retrieved.

An official at the Ruamkatanyu Foundation told Reuters only one body had been retrieved so far at Central World mall and it had stopped the search for the day.

A worker at another volunteer agency, the Poh Teck Tung foundation, also said only one body was found.

Bangkok’s state emergency centre had said it was looking into a report that nine bodies were found at Central World after the military dispersed protesters from their camp in the area in a crackdown on Wednesday that killed 15 and wounded nearly 100.

The Erawan Emergency Medical Centre said a total of 53 people had died and 413 were wounded in the latest wave of violence that began on May 14.

(Reporting by Nopporn Wong-Anan and Panarat Thepgumpanat; Editing by Bill Tarrant)

Thai minister says no talks until anti-govt rally ends

Thailand’s government will only enter into talks brokered by the country’s Senate if anti-government protesters end their rally, a cabinet minister said on Tuesday.

“The situation has escalated and become violent with armed groups and terrorists attacking the government, officers in the field and civilians,” Satit Wongnongtoey said in a televised address.

“The government says we can only negotiate when the protest ends,” he said.

(Reporting by Ambika Ahuja; Writing by Nopporn Wong-Anan. Editing by Jason Szep)

Bangkok blasts kill one, injure 75 – Thai media

A series of grenade blasts that rocked Bangkok’s business district on Friday killed at least one person and wounded 75, hospitals and the Thai media said.

Five M-79 grenades hit an area packed with heavily armed troops and studded with banks, office towers and hotels. Four of the wounded had serious injuries, including two foreigners, according to witnesses, hospital officials and an army spokesman.

(Additional reporting by Nopporn Wong-Anan; Writing by Jason Szep; Editing by Bill Tarrant)

Bangkok blasts wounding 50 were grenades – Army

A series of five explosions that rocked Bangkok’s business district on Thursday and wounded at least 50 people were caused by M-79 grenades, the army spokesman said.

“They all were M-79s,” said Col. Sansern Kaewkamnerd told Rueters. “There is no report of deaths,” he added.

(Reporting by Nopporn Wong-Anan; Editing by Bill Tarrant)

Thai security forces surround “red shirt” leaders

Thai special forces are surrounding a hotel in central Bangkok where leaders of anti-government protesters are located, the deputy prime minister said on Friday.

“As I am speaking, special forces are surrounding the SC Park Hotel where we believe the terrorists and their leaders are staying,” Suthep Thaugsuban said on national TV.

(Reporting by Nopporn Wong-Anan and David Chance; Editing by Alan Raybould)

Fitch sees Thai finances hit, concerned on local rating

BANGKOK, April 12 (Reuters) – Credit rating agency Fitch said on Monday it is “particularly concerned” about the local currency rating of Thailand clashes between security forces and protesters that saw 21 people killed at the weekend.

“We expect a deterioration in public finaces of Thailand, given the escalated political uncertainty, we are particularly concerned about the local currency sovereign rating of Thailand,” Vincent Ho, associate director of Fitch’s Asia Sovereign ratings, told Reuters by telephone from Hong Kong.

Fitch rates Thailand’s foreign currency debt as “BBB” with a stable outlook while the local currency is rated “A-minus” with a stable outlook.

(Reporting by Nopporn Wong-Anan; Editing by David Chance)