The new collateral-free microfinance program set to be implemented next year by the Finance Ministry of Thailand to fight illegal loan sharks may not gain wide acceptance due to its high interest rate, according to a report on The Nation.
Thailand
Thailand is ready to launch a BHT2 trillion infrastructure investment project in 2014, which could potentially boost the country's economy after a slowdown this year.
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.
Chinese M&A activity was slow due to its country's leadership change while Japan and Thai tycoons led the way in 2013.
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.
Multi-dollar rice invention scheme brought financial woes to Thailand.
Thailand's MK Restaurants Group planned to raise the second-biggest IPO in the country.
PTT Pcl announced that it is cutting their 2013 investment budget
Retail Holdings wanted an IPO up to US$200 million for Singer Asia.
PTT CEO announced his plan on investing billions of dollars in Myanmar.
According to the Nikkei newspaper, Mitsubishi UFG Financial Group of Japan paid US$4.1 billion for the acquisition of Thailand's fifth largest lender, the Bank of Ayudhya.
India's rapidly declining currency is a clear sign that US policy affects the whole world.
Thailand's CP ALL Pcl acquired Siam Makro Pcl after its shareholders agreed on the 189 billion baht ($6.1 billion) deal. This acquisition is considered to be the Southeast-asian nation's largest takeover in history.
Thailand provides a short list of bidders for water management projects after experiencing huge damage from the worst flood incident in the country in 70 years.
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