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BUSINESS NEWS

HEADLINES [click on headline to view story]:
Baht 1,000 million syndicate loan agreement at the Bangkok Marriott Resort & Spa, Thailand

New German technologies for the printing industry in Thailand

MTVAsia.com has a brand new look for the new year

Rolls-Royce develops financial services

Baht 1,000 million syndicate loan agreement at the Bangkok Marriott Resort & Spa, Thailand

The Royal Garden Resort Pcl., led by William E. Heinecke (3rd from left), chairman, recently signed a syndicate loaning agreement of baht 1,000 million to build the over baht 2,000 million project of the JW Marriott Phuket Resort & Spa Thailand, with the DBS Thai Danu Bank, Siam Commercial Bank, Thai Farmers Bank and Industrial Finance Corp. of Thailand (IFCT), at the Charoenakorn Room, Bangkok Marriott Resort & Spa Thailand. (The JW Marriott Phuket Resort & Spa Thailand, located on the Mai Kao Beach, is due to open by the end of the year 2001.

At the contract signing ceremony were (from left): Boontuck Wungcharoen, executive vice president of Thai Farmers Bank; James Kaplan, vice president hotel development - Asia/Pacific of Marriott International; William E. Heinecke, chairman of the Royal Garden Resort Pcl; Surakiat Wongwasin, executive vice president of the DBS Thai Danu Bank; Charlie Wannawasu, executive vice president corporate division 1 of the Siam Commercial Bank and Apisak Tantivorawong, executive vice president of Industrial Finance Corp. of Thailand (IFCT).

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New German technologies for the printing industry in Thailand

The German-Thai Chamber of Commerce, in cooperation with the Thai Printing Association and the Print Promotion /Germany held a workshop on new technologies for the printing industry - status quo and the future - at the Regent Hotel Bangkok.

(From left): Dr. Paul Strunk, executive director of the German-Thai Chamber of Commerce; Pathom Suthathikulchai, president of the Thai Printing Association; Siegbert Holderried, managing director of Print Promotion (VDMA), Frankfurt/Germany; Assoc., Prof. Aran Hansuebsai, professor in the Department of Imaging and Printing Technology, Chulalongkorn University, and Stefan Gallon, minister counselor from the German Embassy.

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MTVAsia.com has a brand new look for the new year

Asia’s leading music site keeps fresh and stays ahead of the times

MTV Asia Online, creator of Asia’s most popular family of MTV music Web sites, today announced the launch of a brand new look for mtvasia.com the English language Web site of MTV in Southeast Asia. The site contains a whole host of new features, ‘eye candy’ and exciting content, with quicker access, easier navigation and expanded interactivity.

In line with MTV’s strategy of customization and local relevance, mtvasia.com will also offer audiences in Singapore, Indonesia, Malaysia, Philippines and Thailand their very own home pages over the coming months, eventually formatting them in each country’s local language.

MTV Asia Online is a partnership between Asiacontent.com [NASDAQ: IASIA], a leading Asian Internet company providing Internet solutions and advertising services, and MTVi, the number one online music entertainment company featuring a comprehensive collection of music destinations on the Internet.

Said Cindy Wu, general manager of MTV Asia Online, “We’ve launched five MTV websites in this region in the short space of less than two years, for MTV Southeast Asia, MTV Mandarin, MTV in China and Korea and, most recently, in India. Together, they garner an average of more than 33 million page views per month, making MTV’s family of Web sites the most popular online music destination for the youth of Asia.”

Said Frank Brown, president of MTV Networks Asia, “The MTV brand stands for everything germane to youth culture, energy and vibrancy. We want to constantly reach out to our audiences in Asia - not only on-air, but also online and on-ground to transform their experience and relationship with the brand into one that spans 360 degrees. I’m delighted with our joint venture with Asiacontent.com to create and operate these Web sites, and look forward to a continued, successful partnership with them.”

Fans of MTV on the tube will be able to get the download on their favorite programs, VJs, artists and icons on staple shows such as ‘Artist of the Month’ and ‘Hotseat’. Music continues to act as the cornerstone of the site, and fans will be able to access even more video and news clips, artist interviews, features and sound-checks on the latest albums.

For interactive communion, the ever-popular Graffiti Wall is here to stay, with expanded features such as ‘The Poll Pit’ (online voting), and ‘Chat Shack’.

In future, there will also be tons of stuff to download such as E-cards, wallpapers and ring tones, not to mention games and contests galore. Among the new offerings there will also be free e-mail services and a D-I-Y radio program. Fans wishing to lay their hands on the latest album releases can continue to make purchases from the Online Music Mall while the coolest MTV merchandise will also be on display.

Audiences in Asia continue to be ever-hungry for news - both of the international, regional and local categories - and news junkies can continue to whet their appetites with a 24/7 dose of headline news on mtvasia.com from all corners of the world, including the United States, Europe and Asia.

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Rolls-Royce develops financial services

Rolls-Royce plc has announced further development of its financial services activities. GATX Capital, its partner in Rolls-Royce and Partners Finance - the world’s largest specialist aero gas turbine leasing business - has agreed to acquire a 50 percent equity stake in Pembroke Group, an aircraft leasing business jointly owned by Rolls-Royce.

Pembroke Group Limited, which has a current portfolio of 145 aircraft owned, managed or on order or option, was formed in December 1998 when Rolls-Royce merged its existing aircraft leasing business with Pembroke Capital Limited, the Dublin-based aircraft leasing and financial services company.

GATX Capital, the American-based financial services company, will purchase the equity in Pembroke Group currently owned by International Investments and Underwriting, and Pembroke management and founders.

Following the transaction, Pembroke Group will be owned equally by Rolls-Royce plc and GATX Capital.

John Rose, Chief Executive of Rolls-Royce said, “Rolls-Royce has consistently invested in financial and aftermarket services to support our businesses. The participation by GATX in this joint venture is an endorsement of the approach Rolls-Royce taken in developing this business.”

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