Finland-based mobile social messaging startup Jongla recently raised EUR1.4 million in a funding round from Oy Ingman Finance to be used for the development of its youth-oriented messaging app.
Tags: Thailand
ACE Ltd to acquire 60.9% stake in Thai insurer in $185M deal
Swiss insurer ACE Ltd agreed to buy a 60.9% stake in Thai insurance firm Siam Commercial Samaggi Insurance in a $185 million deal as it joins other insurance in making its presence felt in Southeast Asian insurance markets, Reuters reported.
'Amazon of Asia' Lazada bags $250M to cement e-commerce in Southeast Asia
Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.
Toshiba partners with real estate company to sell solar power to German households
Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.
TDK subsidiary to take over Entrotech's HDD-related companies
Japanese electronics company TDK Corporation on Monday said that its Thailand-based subsidiary Magnecomp Precision Technology will buy two HDD-related companies from American manufacturer Entrotech Inc.
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Chinese M&A activity was slow due to its country's leadership change while Japan and Thai tycoons led the way in 2013.
Top equity fund manager in Thailand reduced domestic shares holdings and sold off stocks while protests against government amnesty bill continued.
The Thai government would be looking to appeal Philip Morris International Inc's victory in tobacco case requiring larger health warnings on cigarette packs.
Coca Cola introduces Huba, its new herbal tea drink, in its Thailand market. Coca Cola initially launched in Thailand its new herbal tea drink, Habu.
Multi-dollar rice invention scheme brought financial woes to Thailand. Moody, a ratings agency, warned Thailand of the risk "populist measures" would have on government finances.
Thailand's MK Restaurants Group planned to raise the second-biggest IPO in the country. MK Restaurants Group planned to raise an initial public offering that would be Thailand's second-biggest IPO offering this year.
PTT Pcl announced that it is cutting their 2013 investment budget PTT Pcl announced that it is cutting their 2013 investment budget by 46% to 54. 6 billion baht or US$1.
Retail Holdings wanted an IPO up to US$200 million for Singer Asia. Retail Holdings NV was reported to seek up to US$200 million in an upcoming initial public offering of Singer Asia Ltd, said three anonymous sources.
PTT CEO announced his plan on investing billions of dollars in Myanmar. (Photo : Reuters)A man counts US dollars and Myanmar kyats at a money changer in Yangon March 21, 2012.
