Prudential forays into Thai mutual fund market with asset manager acquisition


TMBAM is the fifth-largest asset manager in Thailand with $13.15 billion of assets under management.

Thailand approves electric vehicle investment plans of Nissan, Honda

The two Japanese automakers are looking to produce hybrid electric vehicles and batteries.

Tony Fernandes says Thai unit of AirAsia X to seek IPO soon

Thai AirAsia X is part of Malaysia’s AirAsia X Bhd and operates medium and long-haul flights out of Don Mueang International Airport in Bangkok.

Thailand: Wongnai invests $1m in restaurant POS startup FoodStory

Wongnai raised a Series B financing round in April 2016, led by InVent, the venture capital arm of Intouch Holdings.

Thai conglomerate Central Group mulls IPO for retail arm

The group is working on a restructuring of its retail operations ahead of a possible IPO as soon as next year. Any share sale could raise at least $1 billion.

Thai PE Lakeshore Capital snags controlling stake in Devakam Apothecary Hall

Devakam marks the PE firm’s sixth investment from its $60-million Lakeshore Capital Fund I.

Thailand: Siam Cement Group picks 29% in Indonesia’s home products retailer CSA

The acquisition will see SCG tapping into Indonesia-listed CSA’s two core businesses including modern retailing and distribution of home products under the brand of Mitra10.

Thailand-based Eatigo closes pre-Series C led by existing backer TripAdvisor

The pre-Series C comes as TripAdvisor’s restaurants business unit, The Fork, looks to help expand Eatigo’s presence across Asia Pacific.

Thailand eyes Chinese investment for $51b spending plan

The Thai military government views its so-called Eastern Economic Corridor project as well placed to link with China’s Belt and Road Initiative.

Thailand’s $54b pension fund scouting for international advisers

The Social Security Office, which manages social-security funds for 14 million Thais, is seeking to draw new investment guidelines and will invite foreign companies to compete for advisory services.