Bangkok Bank has acquired an 89.12 percent stake in privately owned Bank Permata from diversified conglomerate PT Astra International and British lender Standard Chartered Bank (SCB). The Thailand-based bank completed on Wednesday the transaction for Rp 33.66 trillion (US$2.3 billion), equal to 1.63 times Bank Permata’s book value, as agreed by the sellers and buyers […]
Read MoreThe Hanoitimes – Not only M&A is an effective investment channel, foreign investors’ decision to shift from new investment to M&A shows the development of the domestic economy, said an expert. Mergers and acquisitions (M&A) activities are positive trends that Vietnam should embrace, especially as Vietnam is looking to attract investment capital shifted from China or […]
Read MoreA key trade group sees a potentially healthier export picture after shipments rose for a second straight month in April, driven by farm products and gold. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said the April surprise signals that full-year exports could shrink by less than the TNSC’s current forecast. She cited Thailand’s […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) has included activities in response to the coronavirus disease 2019 or COVID-19 pandemic and supporting the Balik Probinsya program in the proposed Investment Priorities Plan (IPP) 2020 submitted to Malacañang. When approved, the IPP will serve as a transition framework for the grant of incentives […]
Read MoreDebt-ridden Thai Airways International (THAI) has lost its state enterprise status after the Vayupak 1 Fund bought a 3.17% stake from the Finance Ministry on Friday, a source at the fund said. The stake purchase was undertaken at a price of four baht per share, said the source. The purchase cut the Finance Ministry’s holding […]
Read MoreRevenue from e-commerce has increased rapidly during Covid-19, but many traditional retailers have had to give back business premises to landlords. Online sales on the ris The General Statistics Office (GSO) reported that retail revenue of accommodation and catering, and travel sectors decreased by 9.6 percent and 27.8 percent, respectively, in Q1 2020 compared with […]
Read More
Thailand
