IPO-bound Thai Gulf Energy to invest $4.6b in SE Asia power plants


Gulf Energy will have stronger financial leverage for more expansion following the IPO, its founder said.

Thailand: True Corp invests $15.3m to create regional digital hub

The project will also include a co-working space of 30,000 sq m, claimed to be the world’s largest such facility.

Thai govt okays $22.6b infrastructure investment in EEC

It expects the corridor would attract the private investment of at least $3 billion per year.

Thai logistics startup GIZTIX secures $1.65m Series A to speed up growth

GIZTIX marks Addventures’ first direct investment into a startup since it launched the fund this year.

Thai wealth management firms boost hiring as country’s affluent count hits a high

Steady economic growth and a surging stock market are among the factors behind the rapidly swelling ranks of affluent Thais.

Gulf Energy targets $733m raise in largest Thai corporate IPO this year

Its IPO will push the value of Thai IPOs this year to $1.72b, up from $1.61b in 2016.

Thailand mints second billionaire this month as IPOs revive

Sarath Ratanavadi is poised to become the newest billionaire in Southeast Asia’s second-largest economy.

Bangkok-based Digital Ventures invests in Finland’s IndoorAtlas

To date, it has secured $24.2 million from several investors including Baidu and Mobility Ventures. 

KKR’s Emerald Media leads $65m Series B round into Thai startup aCommerce

Existing investors Blue Sky, MDI Ventures and DKSH also joined the round.

Thailand: PTT divests entire stake in Star Petroleum Refining for $112.6m

It still owns significant stakes in Thai Oil, PTT Global Chemical and IRPC.