Siam Makro

Thai billionaire’s retail arm CP All eyes China, India expansion


CP All’s cash-and-carry unit Siam Makro Pcl is studying opportunities in the two countries, as well as the possibility of setting up a store in Myanmar, having already opened an outlet in Cambodia.

Thailand plans to raise second infra fund worth $1.5b

The second fund will follow the launch of the long-delayed Thailand Future Fund this September to finance road building.

Thailand’s regulator issues new regulations on digital token offerings

Issuers can only offer tokens to retail investors of up to 300,000 baht ($9,050) each.

Thai construction tech startup Builk secures funding from SCG arm AddVentures

AddVentures by SCG was set up to invest in startups in industrial, B2B, and enterprise space, to help the conglomerate in adopting innovation

Asia Digest: Colony to open third co-working space; Siam Cement pares stake in unit

Thai-listed Siam Cement is divesting its 60 per cent stake in Siam Stabilizers and Chemicals Co Ltd to Sakai Chemical Industry Co Ltd.

Agtech startup Ricult raises $1.85m in 500 TukTuks-backed round

Ricult plans to use the fresh funding to expand its market share in Thailand and Pakistan and to grow its team.

Asia Digest: Thai Union picks 25% in seafood retailer; Sunway pares stake in SG JV

SET-listed Thai Union Group has acquired a 25.1 per cent stake in Thammachart Seafood Retail

Indonesia’s Go-Jek launches local brands for Vietnam, Thailand expansion

Go-Jek’s affiliate in Vietnam will go by the name of Go-Viet, while its Thai counterpart will be named GET.

Bids sought for $5.5b Thailand-China high-speed rail project

Thailand’s military government, which seized power in 2014, has prioritized infrastructure projects to broaden the drivers of economic growth and generate employment opportunities

Thai insurtech startup Roojai may bag up to $7m equity investment from IFC

Chon Buri-headquartered Roojai currently focuses on motor insurance services and later plans to diversify into other areas.