by Teuvo Tuomi | Oct 3, 2024 | Thailand, Investment, News, Retailing
The Central Group has finalized the complete acquisition of Globus, a luxury department store chain in Switzerland. As one of Thailand’s leading retail conglomerates, Central Group has done mergers and acquisitions (M&A) to accelerate its business growth....
by Teuvo Tuomi | Oct 2, 2024 | Business, Finland, Investment, News, Vietnam
Finnish fund PYN Elite is heavily betting on Vietnamese banking stocks. The PYN Elite’s allocation to Vietnamese banks represents a strategic investment as local banks tend to have sector-specific rallies in cycles of a few years, the fund says. At the end of...
by Teuvo Tuomi | Oct 1, 2024 | Innovation, Digitalization, Investment, News, Technology, Thailand
Tech company Google has announced plans to invest US$1 billion to build its data center and cloud region in Thailand. The data center will be located in an industrial estate in Chonburi, while the Google Cloud region, which includes hardware and software providing...
by Teuvo Tuomi | Sep 26, 2024 | Business, Digitalization, Innovation, Investment, Technology, Vietnam
SpaceX is proposing to invest 5 USD billion in Vietnam for the company’s Starlink satellite service soon, the Southeast Asian country’s government says. The statement came after a meeting in New York between Vietnamese President To Lam and Tim Hughes,...
by Teuvo Tuomi | Sep 26, 2024 | China, Banking, Business, Economy, Investment, News
China is considering injecting up to 1 trillion yuan ($142.39 billion) of capital into its biggest state banks to increase their capacity to support the economy. The move is part of broad stimulus measures Beijing introduced this week to boost China’s...
by Teuvo Tuomi | Sep 20, 2024 | Investment, Business, Environment, Malaysia, News
Malaysia has announced tax breaks and incentives for the troubled Forest City development, a $100 billion project backed by Chinese developer Country Garden Holdings. Forest City is a joint venture between the Country Garden and a private Malaysian company backed by...
