Thailand’s IRPC plans $300m investment in 2015

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IRPC Plc is to invest 10 billion baht ($304.87 million) next year to expand its production capacity of polypropylene, which is a part of its five-years investment plan outlay of 65 billion baht ($1.98 billion) during 2014-2018. IRPC’s president Sukrit Surabotsopon said that it would boost the annual production capacity of… Read more »

Mitsubishi seals deal to operate Mandalay airport

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Two Japanese companies, along with local firm Yoma Development Group Ltd, will renovate, operate and maintain Mandalay International Airport for 30 years in a deal announced last week. Mitsubishi Corp, JALUX and Yoma signed the deal with the Department of Civil Aviation (DCA). The concession agreement is set to go… Read more »


Taiwan’s Electronic Makers to Build $450-m Industrial Park in Myanmar

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The Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) is to invest NT$14 billion ($452.64 million) to develop an industrial park in southern Myanmar. The park will provide a base for dozens of Taiwanese electrical-component makers, and create hundreds of semi-skilled jobs if the project goes ahead. Taiwanese media earlier cited… Read more »


Four PH firms bid for $88.9m transport terminal 

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Four local companies are planning to bid for the $88.9m (P4 billion) Integrated Transport System-South Terminal (ITS-South) of the Department of Transportation and Communications (DOTC) in the Philippines. The companies Ayala Land Inc, Datem Inc., Filinvest, and MVM Terminals submitted their pre-qualification documents for evaluation by DOTC’s Project Bids and… Read more »


Thailand’s BSM forms JV Myanmar’s Home

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Thailand’s BuilderSmart (BSM), a producer and distributor of indoor building and decorative products, is to set up D&W (Asia) Limited, a joint-venture company with Myanmar-based Home Company, this year. The newly-established company will distribute and sell “Fletcher” doors and windows for high buildings. It has a registered capital of 10… Read more »


Thai cinema majors eye CLMV markets

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Thailand’s leading cinema operators, Major Cineplex Group (MAJOR) and SF Corp Plc, are planning an investment of $229 million (7.5 billion baht) to expand aggressively in both the domestic and the CLMV (Cambodia, Laos, Myanmar and Vietnam) countries, over the next five years. While Major Cineplex is has an investment… Read more »


PetroVietnam Construction to exit 3 subsidiaries

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PetroVietnam Construction (PVC) Joint Stock Company has decided to exit the three of its subsidiaries – Dong Do Petroleum JSC (PFL), PetroVietnam Land JSC (PVL), and Petroleum Interior Decoration JSC (PID) – with it holds total shares of more than 27 million. PVC is expecting to receive about $4.7 million… Read more »


SC Capital buys Aussie resort, set to close RECAP IV Fund

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Singapore-based private equity real estate firm SC Capital Partners has bought the Rydges Darwin Airport Hotel and Resort in Australia from the Denwol Group for around $85 million, DEALSREETASIA has learnt. This is in line with the trend which has real estate investment trusts (REITs), hospitality chains and PE funds from Asia,… Read more »


Thailand’s Central to invest $365m in 5 years

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Central Plaza Hotel Plc (Centel), a Thailand based hotel and restaurant operator, plans to spend at least 12 billion baht ($365 million) on expansion and renovation during 2015-2020. “This figure is conservative. We can borrow (from the banks) up to our debt-to-equity ratio, depending on the investment opportunities,” said senior… Read more »


Singapore govt, Samsung Ventures back DocuSign

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The investment arm of the Singapore government, along with Samsung Ventures and BBA Ventures, has invested an undisclosed amount towards the Series E round in the US-based digital signature company DocuSign, the company said. This investment will be added to the $115 million the company has recently raised in its Series E funding round; taking… Read more »