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BANGKOK: Thailand’s Charoen Pokphand Group (CP Group) and Norway’s Telenor Group announced today that they have agreed to merge their telecom units in Thailand in exploring the creation of a new telecom-tech company to accelerate Thailand’s progressive digital technology.
While the surging valuations may be alluring, the groups face some risks as they embrace the tech strategy.
BANGKOK: Thailand’s state-owned electricity generator and 10 of the nation’s biggest companies have set up a voluntary emissions-offset programme that they intend to expand into a full carbon-trading exchange for the country.
BANGKOK (Bloomberg): Ascend Money, a startup backed by Jack Ma’s Ant Group Co. and Charoen Pokphand Group, has become Thailand’s first fintech unicorn with a valuation of US$1.5 billion following a new funding round.
News highlights from Asean countries in the Star-AseanPlus section for Thursday (July 8)
BANGKOK (The Nation/ANN): Forbes ranked the Chearavanont brothers as the richest persons in Thailand in 2021, followed by Chalerm Yoovidhya, Charoen Sirivadhanabhakdi, the Chirathivat family and Sarath Ratanavadi.
BANGKOK, Nov 7 (Bloomberg): Charoen Pokphand Group won the Thai antitrust agency’s approval for its $10.6 billion acquisition of British retailer Tesco Plc’s local retail business with some conditions.
BANGKOK: Thailand's antitrust regulator said on Friday it had approved CP Group's deal to buy Tesco PLC's retail stores in the country.