Thailand’s fintech startup T2P signs a for a partnership with Myanmar’s City Mart Holdings. Tourism start-ups in Mekong Region opened for two accelerator programs under MIST.
By Nguyen Thi Bich Ngoc
The platform would initially cover Vietnam and Cambodia.
Mumbai-based developer Shapoorji Pallonji Real Estate plans to buy up to 100 acres across India for about Rs750 crore in the next one year to expand its affordable housing business, a top company official said. The company is close to signing two land deals of 15-25 acres each in Maharashtra… Read more »
The winners were Cleverheat, a solar-powered refrigeration system; HiGi, makers of environment-friendly briquettes for cooking; and Solar Sari-Sari Store, portable solar energy stations for lighting, water purification, mobile phone charging, and refrigeration.
Nakao’s new term will begin on Novermber 24. He was first elected as president in April 28, 2013 to serve the three and a half years remaining of the term of his predecessor, Haruhiko Kuroda.
Set up with $3 million in 2005, Atikrai’s Ton Poh fund has swelled to $200 million, beating 99 per cent of its peers over the last five years and doing seven times better than the SET Index. While his geographical focus is expanding, the 54-year-old won’t be changing his strategy of looking for listed firms with market values under $1 billion where the founder still owns a big chunk.
The company also plans to provide an exit opportunity to existing investor IDFC Ltd, which owns a stake that is valued at about $100 million.
Yoma is forming a JV corporation in Myanmar, Meeyahta Development Limited (MDL), while Centrium Square has seen retail units being bought in bulk by Canali Logistics.
“The danger is that new PE players with either little understanding of frontier markets or Myanmar will wave larger cheque books around. We know from other markets this can lead to unsustainable valuations and unhappiness when things don’t work out as everyone hoped”