Thailand’s Omise raises $2.6m Series A funding to expand across Southeast Asia

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Thailand based payment gateway Omise has raised $2.6 million in Series A funding round led by Indonesia-based venture capital firm SMDV with participation from East Ventures, 500 Tuk Tuks and Thai Telco True Group. Omise, co-founded by Jun Hasegawa and Ezra Don Harinsut in June 2013, has attempted to create… Read more »

Thailand’s CWT, Zero Waste, Lawi Engineering form JV for renewable energy biz

Thailand’s leading manufacturer of leather-finished products Chai Wattana Tannery Group (CWT) set up two joint venture firms with Zero Waste Company and Lawi Engineering (Thailand) Company, in order to invest and run the first waste-to-energy plant in the north of Thailand. One joint venture will run the waste management for… Read more »


Thailand’s largest furniture producer diversifies into real estate, acquires 2 projects for $11m

Thailand based Fancy Wood Industries PCL , one of the world’s largest wood and rubber wood furniture producers, has set up a new subsidiary – Fancy Estate Company – to acquire two housing projects worth 355 million baht ($11.09 million), in Thailand. The new company, which has a registered capital… Read more »


Thailand’s Fico plans to list hotel biz in London next year

Thailand’s Fico Corporation is to acquire more hotels in Europe before listing its hotel business in the London Stock Exchange by the beginning of next year. Meanwhile, it plans to invest 4.1 billion baht ($128 million) over the next three years. Of that, it will spend around 3.58 billion baht to… Read more »


Thailand based restaurant operator SNP forms JV with MINT for Europe foray

Thailand based restaurant operator S&P Syndicate PCL (SNP) and MFG International Holding (Singapore) Pte Ltd, a subsidiary of Minor International PCL (MINT), announced the formation of a 50:50 joint venture firm to tap the growing market for Thai restaurant business in Europe. The newly-established firm – Patara Fine Thai Cuisine Limited (PFTC) – will have… Read more »


Thailand dealbook: EGATIF set to launch in June; petrochemical firm PTT exits BCP

There have been two big movements in Thailand’s energy sector recently. The first involves the state enterprise Electricity Generating Authority of Thailand, which is planning to turn one of its power plants into the country’s first infrastructure fund. The other development is regarding the PTT, which will sell its stake in… Read more »


Challenging times ahead for Thailand’s realty sector

Thailand’s real estate sector has been under immense pressure due to the slower-than-expected economic recovery. Suspended projects and large unsold inventories, coupled with stricter banking norms has led to liquidity crunch. Small and medium-sized property developers are the most affected  especially after the banking norms for loan approval became stricter. A broker, who… Read more »


TTA plans to acquire domestic biz for $1b, this year

Thailand’s listed holding company Thoresen Thai Agencies (TTA) expects to close an acquisition deal worth 30-40 billion baht ($937 billion – $1.25 billion) this year. The deal will help the company in inorganic business expansion and long-term growth for its business in Thailand, say company officials However, the company did not disclose… Read more »


Thailand’s JMT is to sell its big lot to nine investors

Thailand’s debt manager and loan provider JMT Network Services PCL (JMT) has passed a resolution to approve the issue and offer newly issued ordinary shares for not exceeding 70 million shares with a par value of 1 baht per share to 9 investors including BTS Group Holdings. The other eight investors… Read more »


Thai seaweed producer Taokaenoi plans listing in SET

Taokaenoi Food and Marketing PCL, a Thailand-based producer and distributor of processed seaweed under the “Taokaenoi” brand, has submitted the first filing to the Office of Securities and Exchange Commission to raise funds from selling 80 million shares through an initial public offering (IPO). Of the total 80 million shares, the… Read more »