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) Paedophile suspect held in prison
A Canadian schoolteacher suspected of having sex with dozens of young boys will be held in a Thai jail for at least 12 days.A court in Bangkok ordered that Christopher Neil be detained pending a trial on molestation charges and could move later to keep him behind bars up to 84 days.
Neil was arrested early on Friday at a house in the rural north-eastern province of Nakhon Ratchasima, which he rented with a Thai transvestite friend whose phone calls police had traced.
The 32-year-old Neil arrived in court wearing a red-striped T-shirt, baseball cap and sunglasses. Looking haggard, he said "no comment" when reporters asked him if he had anything to say to his family.
Neil was charged with detention of a child under 15 without parental consent, punishable by up to three years in prison; taking a child under 15 from his parents without consent, punishable by five to 20 years; and sexual abuse of a child under 15, punishable by up to ten years. More>>
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) Bluefreeway Announces Thailand Acquisitions (BLU.AX, 00771634, 20071019)
Bluefreeway announced three acquisitions in Bangkok Thailand. The Company has entered into agreements to acquire 100% of Media Synergies, PlanetUTech and Reflexible, who are all leading digital marketing companies in the South East Asian market. The combined cost of the acquisitions is $1.5m. The three companies are all profitable and are forecast to contribute over $1m in revenue to the BlueFreeway group.More information about BLU.AX
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) Caution on derivatives
FINANCE :The Bank of Thailand has cautioned banks to exercise caution in marketing derivative products to clients.A circular signed by Bandid Nijathaworn, a deputy central bank governor, urged local banks to consider possible reputational risk in selling complicated structured products and derivatives to clients who may not fully understand the terms of the contracts.
Banks should analyse the suitability and need of a client for a given derivative product as well as their understanding for the potential risk and financial exposure from taking a position. Purchases by a corporate client should be approved by the chief financial officer or higher.
CPF issue rated A+
DEBT MARKET :Tris Rating has assigned an A+ rating to Charoen Pokphand Foods' proposed issue of up to six billion baht worth of senior debentures due in 2010 and 2012. More>>