Search Results for:Anuchit Nguyen

Century-old Thai bank Siam plans digital revamp to fight fintech risk

SCB to reinvent its mobile digital payment platform.

Goldman, Apollo Asia to Invest $235m in tallest Thai building

Goldman Sachs Group Inc. and Apollo Asia Sprint Holding Co. will invest 8.4 billion baht ($235 million) in a real estate development that includes Thailand’s tallest skyscraper. The proposed investment — a $216 million equity injection and $18.8 million of financing — is expected to be completed within February 2017… Read more »

Thailand: Standard Chartered plans to exit retail banking

Standard Chartered Plc plans to transfer its Thai retail banking business to Thailand’s Tisco Financial Group Pcl next year, exiting an operation that the U.K. lender said lacked the scale to generate adequate returns. The net asset value is about 5.5 billion baht ($153 million), according to a stock exchange… Read more »

Singapore-based SC Capital plans to raise $1b new real estate fund to invest in Japan, Australia

New funds will come from institutional investors in early 2017 for real estate opportunities in countries such as Japan and Australia, said Suchad Chiaranussati, chairman and founder of the Singapore-based company with about $5 billion in assets.

Top Thai fund sizing up Mekong neighbors amid slowdown at home

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.