Thailand

Thailand’s 9Basil acquires Singapore private credit platform AlteriQ Global

9Basil Group, a Thailand-based alternative investments firm, has on Thursday announced its acquisition of AlteriQ Global (AlteriQ), a boutique Asia-Pacific private credit platform based in Singapore.

Thailand’s Mobility Marketplace WYZauto secures $2.25M in funding led by Vynn Capital

WYZauto, a Thailand-based a online tyre marketplace for vehicle maintenance businesses, has secured $2.25 million in funding led by Vynn Capital, a Malaysia-based venture capital firm specialising in mobility and supply chain sectors.

Thailand’s HD secures $5.6M in Series A funding led by SBI Ven Capital

HD, a Thailand-based healthcare and surgery marketplace, has announced the completion of a $5.6 million Series A funding round. This significant round was led by SBI Ven Capital, a subsidiary of the renowned Japanese Internet-based financial giant, SBI Group, through its joint fund with Kyobo Securities from South Korea and NTU Singapore’s NTUitive.

Thailand’s biggest crypto exchange Bitkub hiring advisers for 2025 IPO – report

Bitkub plans to go public on the Stock Exchange of Thailand in a bid to boost the company’s profile and raise money.

Vietnam’s VinFast signs partnership agreements with 15 dealers in Thailand

Vietnamese car maker VinFast Auto has signed letters of intent (LOI) with 15 initial dealers in Thailand. VinFast said in a statement on Wednesday that this marks an important milestone of VinFast’s distribution network expansion, enhancing the company's presence and affirming its position in the region's leading automotive market.

Thailand’s Gulf Energy to apply digital bank license with partners, including telco giant AIS, Krungthai Bank – report

Bank of Thailand said interested applicants can submit their application for a virtual bank license to the central bank from March 20, 2024 to Sept 19.

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.