2021: The year of mergers and acquisitions that shook the markets

13 Sept 12:41 Key points summarised by AI

Siam Commercial Bank (SCBX) acquired a 51% stake in Bitkub Online for Bt17.85 billion, marking a significant entry of traditional banks into the fintech and cryptocurrency market.
Thai telecom giants True Corporation and Dtac announced a mega-merger, aiming to adapt to a rapidly changing landscape but sparking public debate and regulatory concerns over potential market monopoly and consumer impact.
Central Retail Corporation made strategic investments, including a Bt4.5 billion partnership with Grab Thailand and a major £4 billion co-acquisition of the British luxury department store Selfridges, signaling a significant push into digital services and European luxury retail.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.