Bank of Ayudhya
Three Malaysian banks in merger talks
Three Malaysian banks, including CIMB Group Holdings, said on July 10 that they are in merger talks, which, if successful, would create the country's...
Japanese banks eager to enter Thailand
Japanese banks are seeking permits to set up representative offices in Thailand in response to the surge in small and medium-sized enterprises (SME) from...
Japan on record spending spree in ASEAN
China’s slowing economy and a lackluster home market have encouraged Japan to embark on a record-breaking spree in ASEAN, scooping up a staggering $8.2...
Top 5 transactions leading ASEAN’s M&A trend
The World Bank has long underscored the economic importance of Southeast Asia, a top global growth engine, because of its burgeoning middle classes and...
Thailand’s Bank of Ayudhya ready to sell $5.6b stake
In what is the biggest acquisition by a Japanese bank in Asia ever, Japan's Mitsubishi UFJ Financial Group has launched a bid for a...
Thailand’s Bank of Ayudhya in $4.1b stake sale
Japan's Mitsubishi UFJ Financial Group (MUFG) is reportedly in advanced talks to acquire a majority stake of Thailand's fifth largest bank, Bank of Ayudhya...
Khazanah bids $1.8 billion for Thai bank
Malaysia's state investment holding Khazanah is bidding for General Electric's 25.3 per cent stake in Thailand's Bank of Ayudhya, according to a Reuters report published...
M&A in ASEAN highly attractive for Gulf banks
There is remarkable activity going on in Southeast Asia with regard to mergers and acquisitions in the banking sector. Bank acquisitions are set for a record year of volumes with more than $20 billion worth of deals in the pipeline.
Wealth of Thailand’s richest up 20%
Forbes Magazine is out with its newest richest people of a country list, and this time it's Thailand. The collective wealth of the 40...
HSBC closing down in Thailand
HSBC, Europe's largest bank, will withdraw from consumer banking in Thailand, South Korea, and Japan, the company announced in a note to its customers....
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...