Asia Top News and Analysis Thailand

  • MANILA, Oct 3- The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.

  • MANILA, Oct 3- The Asian Development Bank released its revised 2012 outlook for 45 economies in developing Asia, which spans the Pacific to Central Asia. Central Asia: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, Uzbekistan. South Asia: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.

  • Total Access plans 40 bln baht on 3 G-2.1GHz business development-The Nation. Alstom looks at setting up train-parts plant in Kingdom-The Nation. ----NOTE: Reuters has not verified these stories and does not vouch for their accuracy. () Keywords: THAILAND PRESS/.

  • Alstom looks at setting up train-parts plant in Kingdom-The Nation. Rice-pledging could' doom country'-cbank chairman- The Nation. ----NOTE: Reuters has not verified these stories and does not vouch for their accuracy. () Keywords: THAILAND PRESS/.

  • ----NOTE: Reuters has not verified these stories and does not vouch for their accuracy. () Keywords: THAILAND PRESS/.

  • MELBOURNE, Oct 3- Australian shares rose 0.3 percent to a fresh five-month high on Wednesday, lifted by gains in top banks even as miners lost ground. was up 12 points at 4,444.7 by 0017 GMT, its highest since May 1. ()DIARIES& DATA: IPO diary& data Asia earnings diary U.S. earnings diary European diary Australia diary Wall Street Week Ahead Eurostocks Week Ahead.

  • CANBERRA, Oct 3- Australian shares are set to open higher on Wednesday, extending recent gains after the Reserve Bank of Australia cut its main cash rate, although uncertainty over Europe's debt crisis and China's growth will still weigh on investor sentiment.

  • By early afternoon in Europe, benchmark oil for November delivery was up 18 cents to $92.66 a barrel in electronic trading on the New York Mercantile Exchange. The contract closed up 29 cents at $92.48 in New York on Monday after a report showed U.S. manufacturing grew in September for the first time in four months.

  • BANGKOK-- The Thai Cabinet has extended a rice-buying scheme that has been plagued by complaints of corruption and threatens the country's long-time reign as the world's top rice exporter. But critics said it had caused a plunge in Thailand's rice exports due to the high price guarantee at home.

  • BANGKOK, Oct 2- Most Southeast Asian stock markets closed higher on Tuesday, with the Thai main index touching its highest in more than 16 years and most others hitting multi-week highs amid selective buying in regional blue chips. Indonesia's Astra International Tbk PT. and Malaysia's Axiata Group Bhd.

  • BANGKOK-- The price of oil approached $93 a barrel Tuesday in Asia after a report showed U.S. manufacturing rose in September for the first time in four months. Benchmark oil for November delivery was up 21 cents to $92.69 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

  • BANGKOK-- World stock markets lost momentum Tuesday as investors weighed an improvement in U.S. manufacturing against the possibility Spain's government debt will be downgraded to junk status. Britain's FTSE 100 fell 0.3 percent to 5,806.11. In Asia, Japan's Nikkei 225 index shed morning gains to close 0.1 percent lower at 8,786.05.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent on Tuesday to their highest close in five months after the central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent to their highest close in five months after Australia's central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • Singapore shares rose after a surprising expansion in factory activity in the United States, with traders buying small and mid-cap stocks such as Tiger Airways Holdings Ltd and firms with exposure to Myanmar. The Straits Times Index was up 0.5 percent at 3,072.96 points, while the MSCI index of Asia-Pacific shares outside Japan added 0.3 percent.

  • BANGKOK-- Oil prices dwelled near $92 a barrel Tuesday in Asia after a report showed U.S. manufacturing rose in September for the first time in four months. Benchmark oil for November delivery was down 17 cents to $92.31 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

  • Shares in Susco Pcl gained as much as 10.7 percent to touch their highest since September 1994 on expectations the oil retailer would get a strong revenue boost from its recent acquisition of petrol stations of Malaysia's Petronas. Susco shares were up 9.1 percent at 2.64 baht, climbing at one point to 2.68 baht.

  • UOB Kay Hian raised its target price on Super Group Ltd. 11:38 STOCKS NEWS SINGAPORE- Singapore Q3 home prices rise on mass-market growth. Singapore's private home prices in the third quarter rose 0.5 percent from the previous quarter, data from the Urban Redevelopment Authority showed, making it the highest rate of increase so far this year.

  • Property developers listed in Singapore have surged nearly 35 percent so far this year, compared to the benchmark Straits Times Index's 15.9 percent gain. The rate of increase is likely to continue into the fourth quarter and next year, helped by a prolonged low interest rate environment and low unemployment rate in Singapore, Knight Frank said.

  • Shares of Tiger Airways Holdings Ltd rose more than 3 percent after the budget carrier signed a partnership agreement with the low-cost unit of Singapore Airlines Ltd. "We view the news positively as this will increase traffic flow to Tiger Airways," said DMG& Partners Securities, which has a' neutral' rating and S $0.76 target price on the stock.