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Deal Street Asia

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Supalai considers bid for Australian embassy site in Bangkok

Supalai plans to launch six more residential projects worth more than 4 billion baht ($115.3 million) in the second half of this year after seeing signs of demand recovery

Centara to manage Maldives resort

Thai hospitality group Centara has got into an agreement to manage a five-star resort in Maldives, while Energy Absolute Plc will form a joint...

Alibaba still in talks to set up logistics hub for South East Asia in...

According to eMarketer’s report, e-commerce revenues in six largest markets in Southeast Asia would reach $14 billion in 2016, around 40 per cent up from $10.5 billion in 2015.

Thailand’s TPI Polene Power to raise up to $500m in IPO

TPI Polene Power Pcl, Thailand’s largest producer of waste-derived power, plans to raise up to 17.5 billion baht ($500.4 million) in an initial public offering

Charn Issara sets aside $85.7m for hotel acquisitions in UK

SET-listed property developer Charn Issara Development Pcl is looking at acquiring two hotels in the UK at a budget of 3 billion baht ($85.7 million)

Lalamove to launch same-day delivery service in Bangkok in June

Lalamove, originally founded in 2013 as EasyVan in Hong Kong, recently completed its Series B funding round of $30 million led by Beijing venture capital firm, Xianghe Capital, raising total funds of $60 million over four rounds.

Thai solar power producer Sermsang to sell 30% stake in IPO

Currently, Sermsang Power has operated a solar energy farm with the installed capacity of 52 megawatts in Lopburi province

Thailand’s Kasikornbank (KBANK) mulls Indonesia foray via M&A

Kasikornbank (KBANK), the fourth largest bank in Thailand, is working on its feasibility plan to tap into Indonesia through acquisitions next year.

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