Grab pins ride-sharing reform hopes on Thai elections


Grab hopes Thailand’s upcoming general election will help revive the conversation about legalizing ride-sharing in the country.

Thailand’s RATCH taps into Indonesia hydel sector via $82m acquisition

RATCH has acquired 50% in FRD, a major shareholder in Asahan-1 Hydroelectric Power project in Indonesia.

This Thai billionaire heir sets sights on US market for his workplace app Eko

Eko, founded by scion of Thai CP Group, raised a $20-million Series B led by Indonesia’s SMDV to boost expansion in the West.

Thai CP Group-owned Bellisio Foods to buy Frozen Specialties from US PE firm

Bellisio Foods and Overhill Farms produce more than 400 products spanning a wide variety of frozen food categories.

Thai property developer Arinsiri to tap public markets to raise funds

Chonburi-based residential developer Arinsiri Land Plc is planning to tap the Market of Alternative Investment with its IPO.

Siri Ventures invests in US-based VC Fifth Wall, two Singapore startups

Siri Ventures is the joint venture VC arm of Thai-listed property developer Sansiri Pcl and Siam Commercial Bank.

Thai communication platform Eko snags $20m Series B funding led by SMDV

The capital raised will help Eko to further accelerate its expansion in Europe and North America.

Thailand’s Minor International said to mull $350m investment in India’s Leela

The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt.

Asean Digest: The FinLab launches in Thailand; Iflix partners Globe, Telkomsel

The FinLab has launched its accelerator programme in Thailand while iflix has partnered telecom service providers in the Philippines and Indonesia.

Thai petrochemical firm Indorama acquires 74% stake in Egypt’s Medco Plast

Middle East Glass Manufacturing (MEG) and the Samaha Family will retain 16 per cent and 10 per cent shareholding in Medco Plast after the transaction.