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Asia Top News and Analysis Thailand

  • BANGKOK, Oct 9- Stocks in Singapore, Thailand and the Philippines edged lower on Tuesday amid broad-based sell-off in regional large caps such as Metropolitan Bank& Trust Co. and Siam Cement Pcl as concerns about global growth dented investor sentiment. Late selling erased most of morning gains in Malaysia.

  • The Silk Road Yangon Property Index, which measures the average price per square foot of residential property in Yangon, the commercial capital, rose 39 percent in the first nine months of the year.

  • SINGAPORE, Oct 9- Southeast Asia, led by Thailand and Philippines, have emerged as the best performing stock markets in Asia so far this year as investors turn to domestic-orientated economies.

  • A day before, the World Bank issued a warning about a slackening expansion in Asia. Britain's FTSE 100 fell more than 0.2 percent to 5,827.72. The picture was not as bleak in Asia, where stock market performance was mixed.

  • NEW YORK, Oct 9- Vietnamese-born chef Charles Phan shares his passion for his homeland and tips about how to cook its delicious food in his first cookbook, "Vietnamese Home Cooking". Phan and his family fled to Guam from Vietnam in 1975 before settling in San Francisco a couple of years later. runs six other eateries in San Francisco.

  • The National Broadcasting and Telecommunications Commission will hold the much-delayed auction on Oct. 16. Market leader Advanced Info Service, 21 percent owned by Singapore Telecommunications Ltd, will bid through wholly owned unit Advanced Wireless Network Co. Ltd..

  • Oct 9- Malaysia's factory output probably fell for the first time in 13 months in August because of weak demand for its top exports of commodities and electronics, analysts polled by Reuters said, warning that the global trade slowdown could get worse.

  • Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday, with miners boosted by a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • HONG KONG, Oct 9- Hong Kong- based Ardon Maroon Fund Management, run by former Wall Street bank executives, has launched an Asia- focused hedge fund with seed capital from a European family office, a company document showed, aiming to profit from events such as mergers and restructurings.

  • BANGKOK, Oct 9- Amata Corporation Pcl:. *The company raised its 2012 land sales target to 3,500 rais from 3,000 rais due to positive investment sentiment, it said in a statement. *It expects an improved investment trend next year due to more manufacturing plant relocations to Thailand.

  • Shares in CIMB Thai Bank Pcl retreated from a near 1-1/ 2 year high after the bank denied a newspaper report about a plan by its parent, CIMB Group Holdings Bhd, to buy a stake in Bank of Ayudhya.

  • Stock markets gains in Asia came despite the International Monetary Fund cutting its forecast for global economic growth, just a day after the World Bank issued a warning about a slackening expansion in Asia. "Asia has grown nearly 32 in the four years since Lehman Brothers collapsed," analysts at DBS Bank Ltd. in Singapore said in a market commentary. "

  • Maybank Kim Eng Securities raised its price target on state run Krung Thai Bank Pcl to 25 baht from 19 baht, reflecting strong loan growth outlook boosted by government spending. On Monday, Krung Thai Bank shares closed down 0.5 percent at 18.6 baht.

  • BANGKOK, Oct 9- Following is some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most retreat amid global concerns; Jakarta off record STOCKS TO WATCH-- POLYPLEX PCL.

  • MELBOURNE, Oct 9- Australian shares climbed 0.5 percent to a fresh 14- month high on Tuesday on a jump in iron ore prices that helped offset concerns about global economic growth. No. 3 iron ore miner Fortescue Metals Group. rose 3.6 percent and Northern Iron.

  • MELBOURNE, Oct 9- Australian shares eked out a 0.1 percent gain early on Tuesday, with support from higher iron ore prices countered by concerns about the global growth outlook after the IMF cut its economic forecasts for the second time since April.

  • CANBERRA, Oct 9- Australian shares are likely to lack strong direction early on Tuesday, with support from higher iron ore prices and an improvement in China's services sector countered by losses in copper prices and concerns about the global growth outlook.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.