Thailand’s $3.2b infrastructure fund delayed by dispute over costs


The long-delayed Future Fund was due for an initial public offering by March last year under an earlier timeline.

Philippines: Manila Water to acquire 18.72% stake in Thailand’s Eastern Water

The deal marks a foray into Thailand for Manila Water, a subsidiary of the Philippines’ oldest conglomerate Ayala Corporation.

Thai Siam Commercial Bank AI unit plans to roll out robo-adviser service

SCB Abacus, has wooed about 30 Thai technology experts from companies abroad to work on projects like the robo-adviser.

Thai central bank prohibits financial institutions from trading in cryptocurrencies

They are also banned from allowing clients to use credit cards to buy cryptocurrency.

Exclusive: completes $2.43m Series A round to accelerate growth

The financial products comparison site has raised the fresh round from existing backer Thai conglomerate B.Grimm and a new investor, which is a European VC fund.

Thailand’s largest solar firm Superblock plans $1.76b worth of wind farms in Vietnam

Construction has already begun and Superblock’s chairman expects the sites to be operating by 2020.

Lakeshore Capital invests in Thai wellness brand PAÑPURI

This is the fifth deal made by Lakeshore Capital Fund I.

Thailand Digest: Rojana offloads Ticon shares for $269m; PACE selling land in Japan

Thai listed industrial park developer Rojana Industrial Park is looking to sell all its shares in Ticon Industrial Connection to Fraser Assets.

Thailand approves legislation for $45b Eastern Economic Corridor

The Eastern Economic Corridor (EEC) bill is the latest in a series of measures the junta is rolling out to spur investment in the Thai economy.

Central, Hongkong Land to buy UK embassy site for $597m in Thailand’s biggest land deal

The deal is Thailand’s biggest ever land deal.