Thailand

IFC provides $64M green loan to boost renewable energy in Thailand, Indonesia, and Vietnam

A new investment through a green loan facility will help develop more renewable energy projects in Thailand, Indonesia, and Vietnam, with International Finance Corporation (IFC)'s $64 million to Sermsang Palang Ngan Company Limited (SPN) aiming to address the region's growing energy demand.

Singapore’s Tada launches ride-hailing services in Thailand to take on Grab – report

Tada is one of five ride-hailing platforms licensed by the Singapore Land Transport Authority over the past five years. It secured a ride-hailing licence from Thailand's Department of Land Transportation earlier this year.

Thai bank SCBX acquires Home Credit Vietnam for $864M

Home Credit Vietnam Finance Company Limited (Home Credit Vietnam), the consumer finance business of Home Credit N.V. (Home Credit Group), for approximately VND 20,973 billion ($864 million).

iFLYTEK, Zense Entertainment, and Chulalongkorn University ink deal to accelerate advancement of Thai speech recognition

China-based artificial intelligence (AI) and speech technology provider IFLYTEK has announced a collaboration with Thailand entertainment technology firm Zense Entertainment and academic institution Chulalongkorn University, to accelerate advancement of Thai speech recognition.

Thailand approves incentives for companies transitioning to electric trucks & buses – report

By 2030, Thailand aims to convert 30 percent of its annual production of 2.5 million vehicles into EVs, according to a government plan.

Malaysia, Indonesia, Thailand and Singapore stock exchanges team up to develop ASEAN Interconnected Sustainability Ecosystem

Stock exchanges in Malaysia, Indonesia, Thailand and Singapore said Thursday they have teamed up to develop an ASEAN Interconnected ASEAN Interconnected Sustainability Ecosystem (ASEAN-ISE), to advance Asean’s sustainable development through the implementation of common environmental, social and governance (ESG) metrics in their respective data…

IFC partners Thai Credit Bank to support women-owned small businesses in Thailand

To help increase access to finance for small businesses in Thailand, especially women-owned or led firms, International Finance Corporation (IFC) is providing an equity investment of up to $23.8 million as a cornerstone investor in an initial public offering (IPO) of Thai Credit Bank Public Company Limited (Thai Credit).

BYD’s Thai distributor to triple EV dealerships, expand commercial offerings – report

BYD has been outperforming other automakers in Southeast Asia's EV market, bolstered by partnerships with local distributors .

Binance Thailand digital asset exchange opens for trading

Gulf Binance Co., Ltd. (Gulf Binance), the joint venture between Binance’s subsidiary and Gulf Innova Co. Ltd., is launching full operations of its digital asset exchange and brokerage platform in Thailand, Binance TH by Gulf Binance (Binance TH), making it accessible to the general public. 

Thailand-based insurtech Roojai acquires Indonesian online insurance aggregator Lifepal

Thailand-based insurtech Roojai Group announced last Friday that it has acquired Lifepal, an online insurance broker in Indonesia with over 2 million unique visitors per month.