Banpu enters fourth power plant JV in China

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Banpu Power International Limited, a wholly-owned subsidiary of Banpu PLC, has signed an equity joint venture agreement to study and co-develop Shanxi Lu Guang power project, a new 1,200 megawatt coal-fired power project in the Shanxi province, China. This is Banpu Power’s fourth such project in China. Under the agreement, Banpu… Read more »

Thailand’s CBG to raise $215m from IPO

Thai energy drink maker Carabao Group PCL (CBG) is expecting to raise seven billion baht ($215.38 million) after pricing its initial public offering (IPO) at 28 baht per share, today. CBG will be selling 250 million shares, that represent 25% of the company’s equity capital, this month. The funds raised from the IPO will be spent… Read more »


Thailand’s SME Bank to launch VC fund

Thailand’s Small and Medium Enterprise Development (SME Bank) will launch a venture-capital fund this week in order to support high-potential small and medium enterprises (SMEs), who cannot access the financial source, a top executive with the company said. The venture fund is likely to use a budget of around 100… Read more »


AIRA to bring foreign firms into Thai stock market

AIRA Capital PLC, a firm that invests in financial companies, plans to get two foreign companies listed in the Market for Alternative Investment (MAI) in Thailand next year, The company is planning to bring more international financial products to the Thai investors by collaborating with foreign partners. “We are the advisor… Read more »


EGAT gets approval for $610m infra fund

Thailand’s State Enterprise Policy Commission has approved the launch of 20-billion-baht ($ 610 million ) infrastructure fund by the Electricity Generating Authority of Thailand (EGAT). The 20-year fund, a first of its kind (by a state enterprise), will submit its initial public offering (IPO) application to the Securities and Exchange Commission (SEC)… Read more »


NCL to invest $1.54m for hubs at Singapore, Dubai

Thailand-based logistic service provider, NCL International Logistics PLC is planning to set up two logistic hubs outside the Kingdom by next year. The two hubs, one each in Singapore and Dubai, will have an expected investment outlay of 30 million-50 million baht ($923,000-$1.54 million). The company is planning to utilise… Read more »


Japan’s AIFUL enters Thailand, sets up JV

AIFUL Corporation, one of top four finance companies in Japan, has entered Thailand’s personal finance business, through a joint venture (JV) with AIRA Capital Public Limited Company. This is AIFUL’ s first business foray in the ASEAN region. The new JV firm, AIRA & AIFUL PLC, will have a preliminary… Read more »


SCB appoints CEO & President

Siam Commercial Bank’s (SCB) Board of Directors today appointed Arthid Nanthawithaya as deputy chairman of the executive committee and the chief executive officer (CEO), while Yol Phokasub was appointed the president. The appointments came after Kannikar Chalitaporn has declared her intention to retire from the president’s position on April 2,… Read more »


Dupont to increase R&D spend on food

Dupont is considering an increase in its research and development budget to 300 billion baht ($9.37 billion) by 2020 in a bid to create innovative food to cope with the food shortage problem in the future. This project will raise the collaboration between Dupont Innovation Center and the government and… Read more »


CP group to acquire LH Bank

Charoen Pokphand Group (CP), Thailand’s largest agri conglomerate, is in talks to acquire Land and Houses Bank (LHBANK), a senior bank official said. The information was disclosed by the Bank of Thailand’s governor Prasarn Trairatvorakul, but he declined to provide additional details on the prospective deal. However, the details of… Read more »