KASIKORNBANK, AIS and Gemalto Bring NFC to Mobile Users in Thailand

AMSTERDAM–(Business Wire)–
Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today
announced it will provide its Trusted Services Management (TSM) service to
support the launch of Near-Field Communication (NFC) applications in Thailand.
The service is the first pan-Asian deployment for Gemalto`s certified TSM center
in Taiwan. This pioneering project has Gemalto partnering with KASIKORNBANK, the
country`s second largest bank, and with Advanced Info Services (AIS), the
nation`s largest telecommunications operator.

Mobile NFC opens up an entire new dimension in digital freedom for Thai
consumers, transforming their mobile phones into contactless devices for
touch-and-go applications, such as payment at retail outlet partners. Since
starting in July 2010, selected customers simply collect their phone from
KASIKORNBANK to enjoy mobile NFC services.

Gemalto is entrusted with the management and preparation of sensitive user
information from KASIKORNBANK to operate secure over-the-air (OTA)
personalization services that enable mobile subscribers to gain access to NFC
payments and AIS services.

“With the ubiquitous nature of mobile phones, we are always looking for
innovations to improve our offerings to our customers,” commented Mr. Suvit
Arayawilaipong, Vice President Product & Service Development, Advanced Info
Service Plc. “This is the first OTA provisioning service that is offered from
outside the country. It allows NFC to be deployed in Thailand smoothly and
securely. With Gemalto we are working with a partner that we can trust.”

Mr. Art Wichiencharoen, Senior VP of Retail and SME e-Business, KASIKORNBANK,
added: “Leveraging Gemalto`s experience, we are able to make NFC payment easy to
use. We have a simple user interface on the phone that guides a user to some 40
retail outlets where they can immediately perform mobile NFC payments like for
food, entertainment and grocery shopping. They will appreciate this fast and
fuss-free new means of payment.”

“With KASIKORNBANK and AIS we are able to bring the convenience of mobile NFC
sooner and in a secure manner to Thai consumers,” stated Mr Tan Teck-Lee,
President, Gemalto Asia. “Gemalto`s TSM services are designed to be implemented
securely across national borders and this will help countries to overcome local
barriers to NFC implementations.Gemalto is clearly the partner of choice, having
the most extensive experience in NFC launches and numerous pilot programs active
across the world.”

About Gemalto

Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security
with 2009 annual revenues of €1.65 billion, and over 10,000 employees operating
out of 75 offices, with research and service centers in 41 countries.

Gemalto is at the heart of our evolving digital society. The freedom to
communicate, travel, shop, bank, entertain, and work-anytime, anywhere-has
become an integral part of what people want and expect, in ways that are
convenient, enjoyable and secure.

Gemalto delivers on the growing demands of billions of people worldwide for
mobile connectivity, identity and data protection, credit card safety, health
and transportation services, e-government and national security. We do this by
supplying to governments, wireless operators, banks and enterprises a wide range
of secure personal devices, such as subscriber identification modules (SIM),
Universal Integrated Circuit Cards (UICC) in mobile phones, smart banking cards,
smart card access badges, electronic passports, and USB tokens for online
identity protection. To complete the solution we also provide software, systems
and services to help our customers achieve their goals.

As the use of Gemalto`s software and secure devices increases with the number of
people interacting in the digital and wireless world, the company is poised to
thrive over the coming years.

For more information please visit www.gemalto.com.

Gemalto Media Contacts:
Asia Pacific
Yvonne Lim, +65 6317 3730
yvonne.lim@gemalto.com
or
Europe, Middle East & Africa
Jane Strachey, +33 4 42 36 46 61
jane.strachey@gemalto.com
or
Latin America
Ramzi Abdine, +55 11 5105 7659
ramzi.abdine@gemalto.com
or
North America
Ray Wizbowski, +1-512-257-3950
ray.wizbowski@gemalto.com
or
Grayling
Kenny Yap, +65 6325 4606
kenny.yap@grayling.com

Copyright Business Wire 2010

Thai banker Prasarn to be next c.bank governor

July 6 (Reuters) – Kasikornbank (KBAN.BK) President Prasarn Trairatvorakul will be the next governor of the Bank of Thailand, a minister said after a cabinet meeting on Tuesday.

Current Governor Tarisa Watanagase retires at the end of September. Prasarn emerged as the leading candidate to replace her last month.

Information and Communication Technology Minister Juti Krairerk gave the name to reporters. (Reporting by Pracha Hariraksapitak; Writing by Orathai Sriring; Editing by Alan Raybould)

IFC invests $1.7 mln in Thailand solar power plant

June 24 (Reuters) – The International Finance Corporation (IFC) has invested $1.7 million in equity for a 20 percent stake in Thailand’s Solar Power (Korat 1) Company Ltd., Southeast Asia’s largest solar power plant, the IFC said.

Financials

The funding would help expand private power generation and help develop rural Thailand, the IFC, the investment arm of the World Bank, said in a statement.

“IFC’s support to renewable energy generation in Thailand, specifically solar, will encourage similar investments in the region,” Anita George, IFC director for infrastructure, said in the statement.

Solar Power (Korat 1) owns and operates a 6-megawatt grid-tied solar power plant in the Nakhonratchasima province, in northeastern Thailand, the IFC said.

The project supports the government’s goal of generating at least 20 percent of energy from renewable sources by 2022, which will improve the supply of clean energy, help move Thailand toward low-carbon growth and reduce reliance on imported energy, it said.

The Thai firm is majority owned by Solar Power Company Ltd. (SPC), a Thai developer of large, grid-connected, solar photo-voltaic projects. Kyocera Corp (6971.T) has a minority shareholding in SPC.

IFC’s investment rights in SPC and its related companies could amount to as much as $20 million if fully exercised, it said.

SPC Korat 1 also has received a minority equity investment from the Energy for Environment Foundation and debt financing from Kasikornbank (KBAN.BK).

Since 2005, IFC has invested more than $1 billion in renewable energy projects. ($1=32.37 baht) (Reporting by Arada Kultawanich; Editing by Robert Birsel)

Thai Kasikornbank Q1 profit down, but higher than forecast

BANGKOK, April 20 (Reuters) – Kasikornbank KBAN.BK, Thailand’s fourth-largest lender, reported a 14 percent drop in quarterly net profit on Monday due to falling income on slowing loan demand and soften margins but the profit was higher than expected.

The bank, 49 percent owned by foreign institutional investors, said it made a net profit of 3.8 billion baht ($107 million) in January-March, down from 4.44 billion baht a year earlier, but higher than the 3.63 billion baht forecast by fourteen analysts polled by Reuters.

A fall in 2009 loan growth, hurt by an economic stagnation and lower net interest margins are likely to drag its earnings down 9.2 percent to 13.9 billion baht this year, according to Reuters Estimates. ($1=35.43 Baht) (Reporting by Arada Therdthammakun; Editing by Muralikumar Anantharaman)

Thai Hot Stocks-Index at 14-week high, steel makers firm

BANGKOK, April 20 (Reuters) – Thailand’s benchmark stock
index .SETI was up 2.76 percent at 469.41, its highest since
Jan. 7, at midsession on Monday, buoyed by buying of energy
.SETEN and petrochemical shares .SETPT despite recent
political violence.

“With the political situation temporarily defused and
commodity prices stabilising, we recommend investors to
overweight commodity plays,” Kim Eng Securities said in a
research note.

Stocks on the move included:

STEEL MAKERS UP ON HOPES OF MEGA PROJECTS

Top hot-rolled steel coil maker Sahaviriya Steel Industries
SSI.BK jumped 13 percent to 0.43 baht, Bangsaphan Barmill
BSBM.BK rose 7.4 percent to 1.02 baht and Tata Steel
(Thailand) TSTH.BK, the largest steel bar maker, surged 13.3
percent to 1.11 baht.

Investors were positive on the steel firms in the short
term due to hopes that the government would continue the
construction of mass transit projects in Bangkok, analysts
said.

0529 GMT

BANK OF AYUDHYA (BAY.BK) OUTPERFORMS SECTOR

The country’s fifth biggest lender surged nearly 6.0
percent to 9.75 baht, its highest since Jan. 9, after
Thailand’s TRIS Rating upgraded the bank’s rating to “AA-” from
“A+”. The rating reflected the bank’s improved financial
performance, improved asset quality and growing franchise
value.

0532 GMT

KASIKORNBANK KBAN.BK UP ON BETTER-THAN-FORECAST Q1

Thailand’s fourth-largest lender rose 1.04 percent to 48.75
baht after it reported a 14 percent drop in quarterly net
profit due to falling income because of slowing loan demand and
softer margins, although the profit was higher than expected.
[nBAK000730]

However, the stock underperformed the banking subindex
.SETB which rose 1.55 percent.

0319 GMT

PTT AROMATICS AND REFINERY (PTTAR.BK) EXTENDS GAINS

Thailand’s largest olefins maker rose 1.55 percent to 13
baht, having hit a six-month high of 13.20 baht in early trade.

The company said it had completed upgrading its production
capacity to increase jet fuel and diesel capacity. [nBKK449846]

0325 GMT

– For the Thai press digest click on [PRESS/TH]

– For Thailand’s IPO diary click on

– For Thailand’s stock exchange news click on [TH-SET]

– For Thailand corporate earnings: [TH-RES-RTRS]

– For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=35.43 Baht)
(Reporting by Arada Therdthammakun; Editing by Alan Raybould)