FSS, Japan’s SBI Group to launch online brokerage in Thailand


Finansia Sirus Securities Plc (FSS) signed a joint venture agreement with SBI Group, a major Japanese Financial conglomerate, to set up SBI Thai Online Company to launch the first pure-play online brokerage business to investors in Thailand. This is the second such joint venture of the FSS and the SBI Group. Previously, FSS… Read more »

Thai IPO outlook remains positive amid economic slump

Despite the country’s stagnant economy and a slowdown in investment, Thailand’s IPO market has attracted substantial local and foreign investors,in the first quarter of 2015, raising more funds than the target amounts. Chanitr Charnchainarong, executive vice president Head of Issuer & Listing Division, the Stock Exchange of Thailand (SET), said that the… Read more »

Thailand transport service provider ATP30 to launch IPO in June

ATP30 Corporation, a Thailand-based transport service provider in industrial estates, has submitted the filing for a listing and plans to sell 160 million shares in its initial public offering (IPO) in the mid of this year. But the price band for the sale of shares has not been determined yet…. Read more »

Bangchak’s subsidiary forms JV to tap solar biz in Japan

Bangchak Solar Energy Co, a subsidiary of Bangchak Petroleum PCL (BCP), has formed a joint venture with Chow International Co, an investment company in power generation and renewable energy business, for a 60-megawatt solar farm project in Mubara, Japan. This investment will be made through Greenergy Capital Company with a registered capital of… Read more »

Singapore’s Amara Holdings opens hotel in Bangkok

Amara, an upscale Singaporean hotel brand, has expanded to the Thai market with the new Amara Bangkok, which will be under the hospitality arm of Amara Holdings Limited, Amara Hotels & Resorts. The property is located in Surawong, parallel to Silom and Sathorn Roads in Bangkok’s Central Business District (CBD) and in the heart… Read more »

Thailand Power Dealbook: TTCL, MDX

In two cross-border power sector developments this week, Thailand-based Toyo-Thai plans to set up coal fired plants in Myanmar while MDX is in talks with authorities to set up hydropower projects in Laos . Toyo-Thai signs MOU to build two power plants in Myanmar Toyo-Thai Corporation (TTCL), an integrated engineering procurement and construction contractor, and… Read more »

Exclusive: TV Direct in talk to acquire stake in Japan’s call centre firm

Thailand based TV shopping operator TV Direct (TVD) is in talks to acquire stake in Japan’s leading call centre company. This deal is expected to have a final conclusion during the third quarter of this year. However, chief executive officer Songpol Chanmatkit said that he cannot disclose further details including, the deal’s value at… Read more »

Thai online marketplace Blisby raises $300k from East Ventures, DeNA, 500 Startups

Thailand’s artisan online marketplace Blisby.com has raised $300,000 fund from a group of investors, and plans to used these funds for expansion into other ASEAN countries, promote Blisby products and sellers at an international level and to create new features for users. Blisby’s founder Phuvadol Thongthavorn announced that the fund raising was led… Read more »

Thai construction co ITD gains more land in Dawei project

Thai construction giant Italian-Thai Development Plc (ITD) has received the right to develop the deep-sea port and infrastructure on 45 square kilometres of land, a substantial increase from the 27 square kilometres it was allotted in the initial phrase, for the government-backed mega project, Dawei Special Economic Zone (SEZ), in… Read more »

Thailand’s CGH to acquire 15% stake in zinc producer PDI for $18m

Thailand-based Country Group Holdings (CGH) is planning to acquire a 15 per cent stake in Padaeng Industry Plc (PDI) from Bali Ventures Limited, the biggest shareholder of PDI, for 571.02 million baht ($17.68 million). The move was made in the company’s board meeting, considering that this acquisition would help to diversify the… Read more »