June 21, 2000 PointAsia launches financial web portal - Services aimed at corporate users, Bangkok Post

PointAsia .Com (Thailand) has launched its fnWEB.com subsidiary to set up a financial portal site for corporate users.

FnWEB.com has 10 million baht in registered capital and a staff of 10, which includes a financial analysis team and a news team to contribute articles and in-depth reports, according to fnWEB.com CEO Darunee Itthiputh.

FnWEB.com is now offering financial information services for free as part of a two-month trial. The service provides financial information from various sources in the country on areas such as equities and mutual funds.

Also offered are advice, financial research and analysis, live chat and video broadcasts with business people as well as a business center for listing events.

"It is the first financial resource center in Thailand," claimed Ms Darunee.

In the next few months, the company will offer a consumer financial assistance service, allowing customers to manage their finances.

An online trading service and investment forum is planned for the site's second phase.

FnWEB.com content is currently in English but the company plans to add a Thai version next month followed by Indonesian and Arabic sites.

The investment and services fees have not yet been announced, but Ms Darunee said customers will be charged according to the service either annually or monthly.

The target market is private banking clients, fund managers, investment bankers, entrepreneurs and financial institutions.

FnWEB.com is the latest subsidiary of PointAsia.com, which is the parent of Loxley Information Service (Loxinfo). Other recent subsidiaries include Siam Service.Com, Bex.Com (Thailand) and ISP in Indonesia.

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