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.

SCG-backed Thai Containers Group buys remaining 25% of packaging firms for $8.4m

Upon completion of the deal, the two firms – Dyna Packs and Orient Containers – will become wholly owned subsidiaries of Thai Containers Group.

Shell to sell its stake in Thai Bongkot fields to PTTEP for $750m

Shell had in October cancelled a $900 million agreement to sell the same gas field stakes to Kuwait Foreign Petroleum Exploration Company (KUFPEC).

Thai PTTGC teams up with S Korea’s Daelim for petrochem complex in US

The project is estimated to cost around $4.5 billion.

Thailand: GRAND acquires majority stake in Royal Orchid Hotel for $75.3m

GRAND will further seek to acquire the remaining 32% stake in ROH from existing shareholders for 1.23 billion baht ($39 million).

Thailand: Finance Ministry to dispose of shares in 24 companies in Q1

It has hired KT Zmico Securities as a financial advisor to help divest stakes in high-value entities.

Thai beverages firm Malee acquires 65% stake in Vietnam’s Long Quan Safe Food

This acquisition, which is scheduled to be completed in the first half of this year, will help Malee expand its business in Vietnam market.

Thai luxury real estate firm V Property Development to launch IPO in 2019

It targets to have the project orders worth 8 billion baht ($251.4 million) before launching the IPO.

Sale of seven hotels in Thailand expected to mop up $388m in total

The portfolio for sale consists of four hotels in Phuket and one each in Bangkok, Hua Hin and Koh Samui, with an indicative price of $230,000 per key.