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Asia-Pacific sees 3.9% growth in deal activity in February 2021

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Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The COVID-19-hit 2020 remained a roller coaster ride for the global deal landscape and APAC was not an exception. The market conditions are expected to remain volatile as the fear of a second wave of COVID-19 in some of the key markets is likely to affect the investor sentiments.

“However, the growth witnessed in February, albeit bit slow, can be a positive sign for the revival of deal-making in the APAC region as investor cautiousness is likely to prevail for some more time.”

Aurojyoti Bose, Lead Analyst at GlobalData

An analysis of GlobalData’s Financial Deals Database reveals that the APAC markets such as India, Japan, Australia, South Korea and Singapore witnessed growth in deal volume by 22.8%, 47.3%, 59%, 31.8% and 12.8%, respectively, while China and Malaysia witnessed decline in deal volume by 25.3% and 31.3%, respectively.

M&A deals volume saw a growth of 19.8% in February 2021 compared to the previous month while private equity and venture financing deals volume declined by 9.7% and 7.5%, respectively.

Source : GlobalData

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Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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Business

Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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