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Thailand: Property giants stir market with M&A deals

SHORTAGE OF available land in the central business district and fierce market competition have led to a slew of merger and acquistion (M&A) deals among property developers in recent years, say experts in the industry. “The Bt20.14 acquisition last month of a majority stake in Grand Canal Land Plc(GLAND) by CPN Pattaya Co Ltd, a […]

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Vietnam: Vingroup acquires supermarket chain Fivimart

The Hanoitimes – The deal is in line with Vingroup`s target of having 200 VinMart supermarkets and 4,000 VinMart+ convenience stores by 2020. VinCommerce, a subsidiary of Vietnam’s largest privately-run conglomerate Vingroup, has completed the acquisition of the supermarket chain Fivimart from Nhat Nam Trade Company, according to local media reports. On September 27, Aeon, a […]

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Indonesia: Fruit exports grow, imports decrease

Indonesia’s fruit exports increased by 24 percent in September from the same month last year, according to the Agriculture Ministry. The ministry’s fruit and floriculture director, Sarwo Edhy, said that most export recipients were non-tropical countries, where demand had shifted toward organic fruits. “Our top fruit exports included mangoes, bananas, snake fruits, oranges, mangosteen, pineapples and rambutans,” said Sarwo on Friday as reported by kontan.co.id. At […]

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Singapore: Singtel group of telcos to grow gaming, e-sports ecosystem in South-east Asia, Australia and India

MAINBOARD-LISTED telco Singtel has signed a memorandum of understanding (MOU) with its wholly owned subsidiary Optus and its regional associates – Airtel, AIS, Globe and Telkomsel – to grow the gaming and e-sports ecosystem in South-east Asia, Australia and India. The MOU was signed at the PVP Esports Championship held from Oct 5-7. The championship, in its […]

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