Thailand’s 500 TukTuks II invests over $1m across six startups


500 TukTuks II, launched in June, had hit the first close of its $20-million fund, securing investments mostly from Thai corporates.

Indonesia’s Go-Jek launches beta app in Thailand

The GET app currently offers two services — a ride-hailing service called GET WIN and a courier service called GET DELIVERY.

Thai regulator dismisses GPSC appeal to buy France’s Engie stake in Glow Energy

ERC had in October blocked the $4 billion merger deal proposal and GPSC had appealed against it last month.

Thai lender Kasikornbank, Japan’s Line form JV to tap digital banking

The new platform will also serve as open architecture broker for insurance and mutual funds.

Thailand: Indorama Ventures to acquire German airbag maker UTT

UTT, a long-term customer of Indorama Ventures, has two production sites in Germany and Mexico.

Grab pins ride-sharing reform hopes on Thai elections

Grab hopes Thailand’s upcoming general election will help revive the conversation about legalizing ride-sharing in the country.

Thailand’s RATCH taps into Indonesia hydel sector via $82m acquisition

RATCH has acquired 50% in FRD, a major shareholder in Asahan-1 Hydroelectric Power project in Indonesia.

This Thai billionaire heir sets sights on US market for his workplace app Eko

Eko, founded by scion of Thai CP Group, raised a $20-million Series B led by Indonesia’s SMDV to boost expansion in the West.

Thai CP Group-owned Bellisio Foods to buy Frozen Specialties from US PE firm

Bellisio Foods and Overhill Farms produce more than 400 products spanning a wide variety of frozen food categories.

Thai property developer Arinsiri to tap public markets to raise funds

Chonburi-based residential developer Arinsiri Land Plc is planning to tap the Market of Alternative Investment with its IPO.