Thailand’s residential real estate shrinks 15%


Long drawn political turmoil and the accompanying economic downturn has had a negative impact on Thailand’s real estate sector. This year, new projects have come down significantly, especially in the residential real estate space. The new project launch announcements in the housing and condominium category have gone down by 15%  in the first 10… Read more »

Thailand VC: Govt powers ahead, banks pull back

Thailand-based banks have been reluctant to extend venture capital (VC) funding to the small and medium enterprises(SMEs). Citing lack of receptivity (from business owners), delayed returns and shortage of support infrastructure, the banks say that the VC funding has not really been very successful in the country. While many banks… Read more »

JAS Fund hopes to list upto $1b IPO this year

Thailand’s Jasmine International’s  (JAS) Broadband Internet Growth Infrastructure Fund plans to issue initial public offering (IPO) within this year.The fund by the Thai-based integrated telecommunication service provider will provide capital to expand the company’s optical fiber network. The fund is waiting for clearance from the Securities and Exchange Commission (SEC) for the… Read more »

iCar Asia acquires One2Car for $14.4m

Malaysia-based automotive marketplace iCar Asia has announced that it will be acquiring Thailand’s leading vehicle classified site, One2Car, for $14.4 million. The deal includes $11.6 million of cash component while the rest ($2.8 million) will be paid by iCar Asia equity. The deal will add 1.2 million visitors (per month) and about… Read more »

Thaifoods Group plans year-end IPO

Livestock processor Thaifoods Group (TFG) is planning  to raise funds through an initial public offering (IPO), during the next few weeks. The food processing conglomerate hopes to be listed on the Stock Exchange of Thailand (SET), before the year end. The proceeds from the IPO will be used by the company to… Read more »

Thailand’s MTR turns VC with SME Bank

Thailand based MTR Asset Manager Company Limited, has entered into the venture capital space. It plans to support small-and medium-sized entrepreneurs (SMEs) so that they can grow rapidly. After signing the Memorandum of Understanding (MOU) of Venture Capital for SMES-OTOP project with the SME Bank today, the company’s chairman Chatu… Read more »

Thai Airways appoints new president

The Board of Thai Airways International has approved the selection of Charumporn Jotikasathira, as the new president. Charumporn, former president of the Stock Exchange of Thailand, has been chosen from the four candidates, by the Finance Minister.He is expected to sort out the the airline’s financial situation. After discussing the remuneration and the… Read more »

Banpu enters fourth power plant JV in China

Banpu Power International Limited, a wholly-owned subsidiary of Banpu PLC, has signed an equity joint venture agreement to study and co-develop Shanxi Lu Guang power project, a new 1,200 megawatt coal-fired power project in the Shanxi province, China. This is Banpu Power’s fourth such project in China. Under the agreement, Banpu… Read more »

Thailand’s CBG to raise $215m from IPO

Thai energy drink maker Carabao Group PCL (CBG) is expecting to raise seven billion baht ($215.38 million) after pricing its initial public offering (IPO) at 28 baht per share, today. CBG will be selling 250 million shares, that represent 25% of the company’s equity capital, this month. The funds raised from the IPO will be spent… Read more »

Thailand’s SME Bank to launch VC fund

Thailand’s Small and Medium Enterprise Development (SME Bank) will launch a venture-capital fund this week in order to support high-potential small and medium enterprises (SMEs), who cannot access the financial source, a top executive with the company said. The venture fund is likely to use a budget of around 100… Read more »