Japan’s AIFUL enters Thailand, sets up JV


AIFUL Corporation, one of top four finance companies in Japan, has entered Thailand’s personal finance business, through a joint venture (JV) with AIRA Capital Public Limited Company. This is AIFUL’ s first business foray in the ASEAN region. The new JV firm, AIRA & AIFUL PLC, will have a preliminary… Read more »

SCB appoints CEO & President

Siam Commercial Bank’s (SCB) Board of Directors today appointed Arthid Nanthawithaya as deputy chairman of the executive committee and the chief executive officer (CEO), while Yol Phokasub was appointed the president. The appointments came after Kannikar Chalitaporn has declared her intention to retire from the president’s position on April 2,… Read more »

Dupont to increase R&D spend on food

Dupont is considering an increase in its research and development budget to 300 billion baht ($9.37 billion) by 2020 in a bid to create innovative food to cope with the food shortage problem in the future. This project will raise the collaboration between Dupont Innovation Center and the government and… Read more »

CP group to acquire LH Bank

Charoen Pokphand Group (CP), Thailand’s largest agri conglomerate, is in talks to acquire Land and Houses Bank (LHBANK), a senior bank official said. The information was disclosed by the Bank of Thailand’s governor Prasarn Trairatvorakul, but he declined to provide additional details on the prospective deal. However, the details of… Read more »

Chatchai is new chief for GSB Thailand

KBank’s executive vice-president Chatchai Payuhanaveechai has been appointed the 16th president of the Government Savings Bank (GSB). He will replace Worawit Chailimpamontri, who resigned from GSB in March, following the bank’s controversial decision to extend a 5-billion-baht ($156.25-million) loan to the Bank for Agriculture and Agricultural Cooperatives (BAAC). The loan,… Read more »

Grammy launches Social networking Platform

Thailand’s entertainment major GMM Grammy PLC has invested 30 million baht ($0.94 million) to build and launch a new social networking platform and an online game, called GWorld. This launch is expected to help the company build a stronger consumer base while creating an alternate revenue stream by tapping the… Read more »

SCPE acquires 3.8% of Thai frozen food giant TUF

Standard Chartered Private Equity Limited (SCPE) has acquired 3.8% stake in the Thai Union Frozen Products (TUF), which is Thailand’s leading processor and exporter of canned and frozen seafood products.  This was done by the SCPE by exercising its right to convert €60 million ( Euro denominated) Euro Convertible Bond (ECB), issued by… Read more »

Thailand’s SCG plans $6.2 billion ASEAN investment

Siam Cement Group (SCG), one of Thailand’s biggest industrial conglomerate, plans to spend between 200 billion-250 billion baht ( $6.25 billion -$7.8 billion) on its investment in ASEAN countries during 2015-2019. “Our assets in the ASEAN region account for 17% of our total assets and we would like to increase… Read more »

Thailand’s JAS plans internet infra fund

Jasmine International (JAS), Thai integrated telecommunication service provider, is planning to raise money through an Internet infrastructure fund this year. This fund is expected to fuel the company’s massive investment plans for fiber optic expansion in the year 2015. JAS has already appointed BBL Asset Management (BBLAM) as a financial… Read more »

BRR gets ready for IPO

After its book building, Buriram Sugar Public Company Limited (BRR), Thailand’s second-largest sugar producer, set the price at 6.80 baht per share ($0.21) for its initial public offering (IPO) at the Stock Exchange of Thailand on November 6. The company has appointed KT ZMICO Securities to be its IPO underwriter. It… Read more »