Thai tycoon leads 100-million-USD fund for Southest Asia property
A member of Thailand’s richest family is partnering with an asset manager in the Hong Kong Special Administrative Region (China) to invest in luxury real estate in Southeast Asia.
Chatchaval Jiaravanon, member of the billionaire family that owns conglomerate Charoen Pokphand Group, is leading a group of investors in CMAG Funds. (Photo: The Straits Times)
Hanoi (VNA) - A member of Thailand’s richest family is partnering with an asset manager in the Hong Kong Special Administrative Region (China) to invest in luxury real estate in Southeast Asia.
Chatchaval Jiaravanon, member of the billionaire family that owns conglomerate Charoen Pokphand Group, is leading a group of investors in CMAG Funds, the new investment pool managed by Wonder Capital Group.
According to Gigi Chan, founder and CEO of Wonder Capital, together with Thai real estate agency IFCG, they’re targeting high-end properties in the region, with plans to raise as much as 100 million USD.
In a statement, Chan expressed her belief that the Southeast Asia market is one of the most promising opportunities for global investors.
CMAG’s first investment project will be Cambodia’s tallest building, Mesong, which is scheduled to be completed in 2025, she said./.
Thailand’s government has greenlighted incentives worth 8 billion THB (225 million USD) for sugarcane farmers who agree to cut fresh sugarcane without burning the residue, a move aimed at helping reduce the amount of PM2.5 dust in the 2022-2023 harvest year.
Thai Prime Minister Srettha Thavisin has asked the army to intensify forces to suppress illicit drug smuggling along the Myanmar border and unrest in the south.
Thailand's media has run articles highlighting the fruitful development of Vietnam-Thailand relations as Chairman of the Vietnamese National Assembly Vuong Dinh Hue is paying an official visit to the country from December 7-10.
Thailand's consumer confidence rose for a fourth straight month in November, hitting the highest level in 45 months, driven largely by the government's policies to reduce the cost of living and economic stimulus measures.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Chatchaval Jiaravanon, member of the billionaire family that owns conglomerate Charoen Pokphand Group, is leading a group of investors in CMAG Funds. (Photo: The Straits Times) 
