By Noor Zainab Hussain
TMBAM is the fifth-largest asset manager in Thailand with $13.15 billion of assets under management.
The two Japanese automakers are looking to produce hybrid electric vehicles and batteries.
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.
Wongnai raised a Series B financing round in April 2016, led by InVent, the venture capital arm of Intouch Holdings.
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.
Devakam marks the PE firm’s sixth investment from its $60-million Lakeshore Capital Fund I.
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.
The pre-Series C comes as TripAdvisor’s restaurants business unit, The Fork, looks to help expand Eatigo’s presence across Asia Pacific.
The Thai military government views its so-called Eastern Economic Corridor project as well placed to link with China’s Belt and Road Initiative.
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.