Thailand: Beacon VC invests in digital lifestyle platform Ookbee


Beacon VC is the venture capital arm of Thai bank Kasikornbank Plc (KBank).

Thai mobile phone operator AIS invests $25m in Rabbit-LINE Pay

After the deal, Advanced mPAY; Line Pay Corporation and Line Company (Thailand) Co Ltd; and Rabbit Pay System Co will each own 33.33% of the company.

Thai retailer Central to invest $1.5b in expansion at home and overseas

Central expects to launch its previously announced $500 million joint-venture partnership with by the second quarter.

Thailand’s SCG Chemicals, Polyplex announce new investments in Indonesia

SCG Performance Chemical has set up a joint venture with Indonesian companies to penetrate the high value-added (HVA) product market.

ADB provides financing to Thailand’s B.Grimm Power for renewable energy expansion

The financing will help B.Grimm Power expand to new regional markets, including Cambodia, Indonesia and the Philippines.

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.