Thailand dealbook: EGATIF set to launch in June; petrochemical firm PTT exits BCP


There have been two big movements in Thailand’s energy sector recently. The first involves the state enterprise Electricity Generating Authority of Thailand, which is planning to turn one of its power plants into the country’s first infrastructure fund. The other development is regarding the PTT, which will sell its stake in… Read more »

Challenging times ahead for Thailand’s realty sector

Thailand’s real estate sector has been under immense pressure due to the slower-than-expected economic recovery. Suspended projects and large unsold inventories, coupled with stricter banking norms has led to liquidity crunch. Small and medium-sized property developers are the most affected  especially after the banking norms for loan approval became stricter. A broker, who… Read more »

TTA plans to acquire domestic biz for $1b, this year

Thailand’s listed holding company Thoresen Thai Agencies (TTA) expects to close an acquisition deal worth 30-40 billion baht ($937 billion – $1.25 billion) this year. The deal will help the company in inorganic business expansion and long-term growth for its business in Thailand, say company officials However, the company did not disclose… Read more »

Thailand’s JMT is to sell its big lot to nine investors

Thailand’s debt manager and loan provider JMT Network Services PCL (JMT) has passed a resolution to approve the issue and offer newly issued ordinary shares for not exceeding 70 million shares with a par value of 1 baht per share to 9 investors including BTS Group Holdings. The other eight investors… Read more »

Thai seaweed producer Taokaenoi plans listing in SET

Taokaenoi Food and Marketing PCL, a Thailand-based producer and distributor of processed seaweed under the “Taokaenoi” brand, has submitted the first filing to the Office of Securities and Exchange Commission to raise funds from selling 80 million shares through an initial public offering (IPO). Of the total 80 million shares, the… Read more »

Singapore’s payment services co 2C2P raises $7m Series C round

2C2P, a Singapore-based ASEAN payment services provider originating from Thailand, has closed a Series C round worth S$9.71 million ($7 million). The investment has been led by Amun Capital AG and GMO Venture Partners Inc, and the funding is intended to drive 2C2P’s regional expansion, product development and workforce recruitment. This… Read more »

Thai govt is to invest $3b in Eastern Seaboard’s infrastructure

Thailand’s Eastern Seaboard Development Committee, led by Transport Minister Prajin Juntong, has recently approved 91 projects under the Eastern Seaboard Logistic and Transportation Infrastructure Development Plan with an estimated investment of more than 100 billion baht ($3.13 billion), a top government official said. The Transport Ministry’s official said this move aims at… Read more »

Thailand’s FIRE seeks to acquire fire suppression biz

Thailand’s air-condition and fire protection product supplier Fire Victor PCL (FIRE) plans to buy two or three businesses related to fire suppression pumps and system installation this year with an estimated investment of 100 million baht ($3.1 million). FIRE’s managing director Wirat Sukchai said that the acquisitions would be the… Read more »

Newly-launched IYARA VC to raise $9.28m to promote Thai tech startups

IYARA Venture Capital Co, a newly-launched venture capital firm based in Thailand, plans to raise 300 million baht ($9.28 million) to fund at least 100 Thai startups over the next five years. IYARA was founded by four co-founders, comprising Apichai Sakulsureeyadej, Somboon Sukheviriya, Wissanupong Wongwas and Chatchai Tolertmongkol. All of… Read more »

PTTGC to enter JV with Japanese partner for US-based petrochem project

PTT Global Chemical Plc (PTTGC), a petrochemical arm of Thailand’s leading energy group PTT Plc, expects to sign a joint venture agreement with a Japanese trading company in the third quarter, to invest in the US-based $5-billion petrochemical complex. Patiparn Sukorndhaman, executive vice president of finance and accounting, said that it… Read more »