CP Group said it would fund the deal with cash flow from group companies and loans.

The post Tesco Lotus set to return to Thai conglomerate CP Group’s stable in $10.6b deal appeared first on DealStreetAsia.

Thai e-commerce startup Pomelo has appointed Piyanuch Limapornvanitch as the company’s Chief People Officer.

The post People Digest: Pomelo appoints HR lead; UK’s Man GLG makes key hires in HK appeared first on DealStreetAsia.

The Office of Trade Competition Commission is awaiting CP Group's request for merger approval to study the impact on the economy, market competition and consumers.

The post CP Group’s $10b Tesco deal to test mettle of Thai antitrust watchdog appeared first on DealStreetAsia.

Analysts also expressed concern about the huge debt CP All was taking on in this market environment.

The post CP Group overpaying for Tesco’s Malaysia and Thai operations, analysts say appeared first on DealStreetAsia.

A consortium that includes SMBC and Kasikornbank is providing debt funding for the project.

The post Nexif Energy secures funding for 92MW co-generation power project in Thailand appeared first on DealStreetAsia.

The Bangkok-listed company had planned to launch an IPO of the subsidiary in the first half of 2020.

The post SCG packaging unit’s $1b Thai IPO put on hold amid coronavirus outbreak appeared first on DealStreetAsia.

TMB had been exploring options for its bancassurance partnerships after its planned merger with Thanachart.

The post Prudential reaches $753m Thai deal with tycoon Li’s FWD appeared first on DealStreetAsia.

Thailand’s third-largest life insurer by assets met last month with potential advisers on the proposed share sale.

The post Thai Life seeks bank pitches for $700m IPO plan appeared first on DealStreetAsia.

Demand for delivery services is skyrocketing across Asia as travel curbs keep more people at home.

The post Delivery services in SEA face game-changing moment amid virus scare appeared first on DealStreetAsia.

Omise dominates in Thailand thanks to its extensive relationships, but other markets pose more of a challenge.

The post Thai fintech startup Omise is betting on blockchain to cash in on e-commerce growth appeared first on DealStreetAsia.

The seven carriers are Thai AirAsia, Thai Lion Air, Nok Air, Bangkok Airways, Thai Smile, Thai VietjetAir and Thai AirAsia X.

The post Thai air carriers seek $491m bailout from government appeared first on DealStreetAsia.

The anti-monopoly watchdog received complaints that food delivery platforms have increased their service fees for restaurants from 20% to up to 40%.

The post Thailand warns food delivery apps against overcharging amid COVID-19 outbreak appeared first on DealStreetAsia.

The group will purchase Bien Hoa Packaging through a joint venture with top Japanese cardboard maker Rengo.

The post Siam Cement buys Vietnamese packaging materials maker appeared first on DealStreetAsia.

The deal is the largest inbound industrial transaction in Vietnam in the last three years.

The post Thailand’s Stark Corporation acquires Vietnamese cable makers for $240m appeared first on DealStreetAsia.

The Thai firm expects to generate IRRs of around 17% from these projects over a period of 20 years.

The post Thai Super Energy to pick controlling stake in Vietnamese assets for $457m appeared first on DealStreetAsia.

Thai SCB is looking to issue loans up to $214 million over the next five years in Myanmar.

The post Thailand’s Siam Commercial Bank secures nod to set up unit in Myanmar appeared first on DealStreetAsia.

The investment will be done through its unit Kasikorn Vision.

The post Thailand’s Kasikornbank gets approval for $40m stake in Myanmar lender appeared first on DealStreetAsia.

Kiatnakin Bank was the country's tenth-largest commercial lender by assets in 2019. 

The post IFC weighs $100m green loan for Thailand’s Kiatnakin Bank appeared first on DealStreetAsia.

The country’s largest retailer, Central Retail Corporation Pcl (CRC), was calling up previous customers.

The post Thai retailers find new ways to sell amid COVID-19 outbreak appeared first on DealStreetAsia.

Kaidee offers over 30 categories of both new and second-hand goods and services.

The post Dubai-based EMPG acquires Thai online retailer Kaidee appeared first on DealStreetAsia.

Sri Trang Gloves Thailand is seeking to raise funds to increase production capacity.

The post Top Thai medical gloves maker files IPO as pandemic spurs demand appeared first on DealStreetAsia.

The total cost of the project is estimated at $285 million.

The post IFC mulls $60m financing for Indorama’s Uzbekistan cotton farm project appeared first on DealStreetAsia.

After the loan, the money-losing national carrier plans to raise 77.04 billion baht in capital.

The post Thai Airways to seek $1.8b emergency loan to navigate COVID-19 impact appeared first on DealStreetAsia.

The pandemic could cast a long shadow, permanently changing how companies spend money, sell goods and run their businesses.

Tentatively, parts of Europe are emerging from lockdown, with France and Belgium joining the list of countries easing measures on Monday, amid fears of a second coronavirus wave.

My dad and I went from despair and frustration to pandemonium after Lionel Messi struck in style at the death

The Argentinian radio journalist Alejandro Fantino shouted “We are a disaster” in the 89th minute. He was right. The match that most had expected to be a rout was turning into a historic upset.

Argentina were as bad as Iran were good. Gonzalo Higuaín, Sergio Agüero and Ángel Di María were not working as a front three while the Asian champions were performing especially well at the back. Carlos Queiroz, Iran’s manager, appeared to have perfected the defensive formula that had plagued Argentina during the qualifiers: a parked bus and Lionel Messi well under control.

The final league table will merit the biggest asterisk in history if teams are full of footballers who don’t want to be on the pitch

Anyone who has spent the best part of an hour just waiting to cross a supermarket threshold in the past few weeks will be aware how quickly the outlandish becomes the new normal. Yet even in these strange days it was still odd to hear Gordon Taylor pop up on the radio with the suggestion that shortened games might be the solution to finishing the Premier League season sometime before the clocks go back.

How that would have helped maintain the integrity of the competition or assisted those clubs worried they might be relegated in less than optimum circumstances remained unclear, for the Premier League was pooh-poohing the idea proposed by the Professional Footballers’ Association’s leader as ridiculous and unfounded within hours.

• Real Sociedad goalkeeper Remiro confirms positive
• La Liga plans to return without spectators in June

Five players in Spain’s top two divisions have tested positive for Covid-19 since clubs began testing players and staff members last week, with the Real Sociedad goalkeeper Álex Remiro confirming himself as one of the cases.

A statement from La Liga said the players would remain at home where they would continue individual training before being tested again “in the next few days” to determine whether they can return to their club’s training ground.

• Dresden players sent home after two test positive
• ‘We are not changing our plans,’ says Christian Seifert

The Bundesliga is keen to press ahead with plans to restart the season for the top two tiers next weekend, despite Dynamo Dresden’s squad being quarantined for two weeks.

Dresden’s players were sent home after two tested positive for coronavirus. This means the second tier club cannot play their first two games of the restart – against Hannover on 17 May and against Fürth the following weekend.

The Covid-19 lockdown has given the midfielder the chance to show his acting skills outside the Southampton changing room

Nathan Redmond hustles towards the camera, suited up, fedora jauntily perched and when he starts to lip-sync, the voice is that of Carter – the character played by Chris Tucker in Rush Hour 3. It is the scene involving him, Master Yu and Mi and, for those who have not seen it, has Carter getting into a word-play tangle as he questions Yu and Mi. “Who are you? Yu. No, not me, you. Yes, I am Yu.” It goes from there.

Related: 'People's lives depend on it': the sacked English defender left in limbo | Sid Lowe

Global infections surpass 4m; cluster detected in Dordogne, new cases highlight risks as lockdowns eased

• Coronavirus – latest updates
• See all our coronavirus coverage

New coronavirus infections rose again in Germany at the end of last week, a few days after leaders loosened social restrictions, while the Chinese city of Wuhan announced it had detected its first case in weeks, helping to push the global total past 4m on Sunday.

On the eve of the UK starting to ease its lockdown on Monday, the new cases in Germany and China illustrated the difficulties governments will face over the next months as they attempt to reopen their societies without triggering a second wave of infections.

Like man buns on scooters and ukulele busking, Covid-19 has now spread to the north from London – inspiring a coronavirus soapcom from our self-isolating comedy-writer

Up here in the north-west, we’re used to living in the slipstream of London’s sleek urban shenanigans. Whatever the cultural breakthrough – man buns on scooters, cashless ukulele busking, emotional support bees – it takes a while to reach the Lancaster and Morecambe Non-Metropolitan Area. If it ever does.

A Street Stranger Watch leads to a death and the appearance at midnight of the street’s original Victorian inhabitants

Radio and TV producer who revitalised The Archers during his tenure as editor

Despite being a soft-spoken Lancastrian of mild-mannered appearance, the writer and producer William Smethurst, who has died aged 71, was known to his detractors in radio and television as “Butcher Bill”. But the ruthless skills combined with mischievous flair that he displayed as editor of The Archers for eight years from 1978 were widely credited with saving Radio 4’s flagging rural soap opera and making it the cult show it later became. Smethurst was the man who licensed writers to scandalise sleepy Ambridge and once persuaded Princess Margaret to make a guest appearance.

He was less successful when Central TV lured him from BBC Pebble Mill in Birmingham to pull off the same trick with Crossroads, its Midlands motel saga, which had run out of steam. Smethurst ditched Tony Hatch’s theme tune, killed off characters (much as he had Dan and Doris Archer), and made the plots (and scenery) more credible and the cast much more glamorous, with the help of the motel swimming pool he installed. Some critics preferred its previous awfulness and the show folded in 1988.

No one should be complacent about racism but the story is rarely as straightforward as some commentators routinely assert

In my city neighbourhood this summer a man on the run from police custody hit a black woman in the face. Understandably, she reported it as a racial attack. Except it probably wasn’t. The runaway also hit a boy when his mother opened the door and tried to spray another woman’s hair red at a bus stop. He had mental health problems.

Not much harm done in this instance. But it’s one reason why I don’t often write about race relations in modern Britain, though I first did so 50 years ago when many aspects of them were pretty grim.

As the dust settles, hindsight makes the chain of events that culminated in UK’s vote to leave easier to discern

It is two months since British voters surprised themselves by deciding to end the UK’s 43-year relationship with the European Union – “independence day” to some and “the worst political decision since 1945” to others.

As stunned political leaderships on both sides of the Channel continue dithering about what to do next, it is worth looking back at the origins of a crisis the EU elite had not expected.

As he tussled with John Humphrys on Radio 4, the Labour leadership challenger sounded confident, articulate and human

Listening to the radio this morning I had an experience I realised I’d almost forgotten. It was the sound of a Labour politician being combatively quizzed on Radio 4 by Today’s John Humphrys in the key 8.10 spot and giving confident, articulate answers in return. When did I last hear that, I wondered?

What follows here isn’t a party political broadcast for Owen Smith. For the first time since Labour’s glittering leadership contest to succeed Harold Wilson in 1976 – Callaghan versus Healey, Foot, Crosland, Jenkins and Benn – he’s a leadership contender whom OAP Mike doesn’t really know.

The candidate’s excesses appeal to voters who feel marginalised and for whom the temptation is to blur reality and illusion

Whenever I think about the dysfunctional horror of the looming presidential election in America – so weird that Nigel Farage can pop up in Mississippi on the Trump campaign – I can’t get Susan Sarandon or Plato out of my mind. Let’s talk first about the actor. When did Plato make a decent movie, eh?

A few weeks ago Sarandon gave a magazine interview to an overawed writer in which she set out her well-known political stall as a radical feminist who backed Bernie Sanders and doesn’t think much of Hillary Clinton. “There’s nothing about her I find feminist except that she’s a woman,” she said.

Bad sportsmanship is not confined to either camp. Let’s have more signs of mutual respect across the divide

I’m trying to cure this summer’s unattractive impulse before it turns into a bad habit. Whenever I see someone doing something stupid or self-harming like jumping an orange light on a bike or getting tattooed from neck to ankle, I want to shout: “Brexit voter.”

It’s not nice and it’s not fair. I’m trying to stop. As Theresa May’s divided cabinet meets to decide where to go next, ministers and demoralised Whitehall officials should refrain from recrimination too. The “phoney war” lull before the negotiation storm is about to end.

Catch up on our debate on Theresa May’s plans to push ahead with Brexit and what this means for workers and business

2.08pm BST

Nearly four months after June 23’s fateful Brexit vote, even more half baked nonsense is still being talked by both sides than was spouted during the shabby campaign. Nothing is clear except that it is all going to be a lot trickier to disengage from the EU than some foolish people said – and still say despite mounting evidence to the contrary.

So my starting point is one of humility as I learn stuff I didn’t known before. It’s safe to say that some things will be better outside the EU, others worse, some sectors and individuals will thrive, others languish. The consequences of Britain’s leap in the dark – 37% of the total electorate voted Brexit by a very slender margin – are still largely unknown for all 28 members states. Only charlatans and romantics pretend otherwise.

If we left the EU, we would end this sterile debate and we would have to recognize that most of our problems are not caused by Brussels, but by chronic British short termism, inadequate management, sloth, low skills, a culture of easy gratification and underinvestment in both human and physical capital and infrastructure.”

1.57pm BST

We will be wrapping up the debate in the next four minutes, but we welcome any final comments and remarks.

We will keep comments open until 2.15pm

1.56pm BST

A view from Nigel Stern, who runs a design agency in London:

The biggest impact will hiring staff with the right skills. It’s already almost impossible to find skilled staff for our design agency - I say this having battled to keep an Australian whose Visa ran out, and lost the battle. I can’t imagine how difficult it will be when Brexit happens. Good skills are literally the biggest growth driver, so for my business Brexit is a disaster waiting to happen

1.43pm BST

An anonymous take from a bookseller, who thinks that Brexit will be bad for business and will have profound consequences for non-British citizens living and working in the UK.

I am a small on-line antiquarian and used bookseller. Since Brexit I have noticed an uptick in sales to the United States, but I have noticed a distinct decline in sales to Europe, though they do still take place. The effect of Brexit on Europe’s perception of Britain as a country is very negative - and the announcements from the Tory party conference will only reinforce the impression that Britain is not opening up for business. In fact, the very reverse: closing down for business and pursuing policies of discrimination against foreigners, especially from Europe.

The level of discrimination against immigrants from Europe is most definitely alienating what should be Britain’s closest friends. As someone with a slight foreign accent I no longer feel entirely safe in this country. A hard Brexit would be a disaster for me - as many books go abroad and the customs paperwork would add a considerable workload as well as extra costs in the case of more valuable books. There literally is not a single advantage to be derived from Brexit except for the lower pound, which could have been lowered by other means which would have done far less damage to Britain’s economy and society. I don’t know whether in future I will be able to continue business in this country and am wondering whether to move elsewhere.

1.33pm BST

News of job losses in Scotland are alarming.

The Scottish economy would suffer a severe shock if the UK has a “hard Brexit”, losing up to 80,000 jobs and seeing wages fall by £2,000 a head per year, an economics thinktank has warned.

The Fraser of Allander Institute (FAI) has told the Scottish parliament that entirely leaving the EU single market – known as a hard Brexit – would see the Scottish economy decline by 5% overall, or by £8bn within a decade.

Related: Hard Brexit could cost Scotland £2,000 a head and 80,000 jobs

1.21pm BST

One commenter says that Brexit will cause some economic pain, although the extent of this is not yet known.

What we know for sure is that Brexit of any substantial kind will certainly cause some economic pain in the short, medium, and long-term, from breaking existing trading relationships and loss of easy access to a large pool of human capital. The additional opportunities, on the other hand, are all long to very long-term, and are uncertain and beyond the UK's control.

Even the bits which are under the UK's control (like massive investment in training and education in a way which actually achieves something instead of pfaffing around with needless re-structuring and testing kids to the edge of mental breakdown) are all things that would have made sense before, so it's optimistic to imagine that they'll happen in a future where the public finances are under more pressure than ever before (once Brexit decline takes hold).

1.16pm BST

Here’s a view from Richard Rose, who is worried about Brexit’s impact on the car industry.

I am an engineer working at Rolls-Royce in Derby but I have spent most of my working life so far in the car industry. I am 100% certain that if the UK Brexits out of the single market, it can wave ¾ of its car industry goodbye within 5 years. The idea of replacing the current arrangement with one of tit-for-tat tariffs on cars sold into and out of the UK is preposterous – we will be in the absurd situation of paying taxpayers’ cash to car companies in the form of ongoing subsidies, and every successive government will be looking for ways to reduce or avoid these payments every four years.

The whole arrangement sounds ridiculous and seeing as all the manufacturers who build here have sites inside the Eurozone where they can avoid all that uncertainty, what do you think they’ll do? Its keeping me awake at night as I feel ‘my’ industry is potentially about to be rendered economically unviable just as my right to live and work abroad is being curtailed.

12.54pm BST

Quitting the European Union’s single market is considered bad for business unless you belong to the small band of economists who believe that Brussels’ employment and environmental protections stifle innovation, that maintaining a low pound is easier outside the EU, and restrictions on migrants is unlikely to ever be enforced.

But the threat from Nissan to switch investment in its next car away from the north east without some form of compensation is the clearest indication yet that multinationals based in the UK to benefit from the single market are going to drift away as they consider an upgrade or new factory that would be cheaper abroad.

12.46pm BST

John Flahive, 51, a documentary producer and sales agent, is concerned about the implications of a “hard Brexit” on his business.

The impact on business is inevitably negative. At the moment we have free movement of goods throughout the EU, all I have to do in my own business is put an address on a shipment and off it goes. It’s just not possible for whatever is put in its place to improve on that.

A ‘trade deal’ usually involves reduced tariffs which is a dis-improvement on no tariffs at all. This would bring back customs paperwork and all the associated admin, whereas currently we have none at all. There is no upside, only a downside.

12.42pm BST

This has just launched online. Polly Toynbee asks why the health secretary would insult the one third of our doctors who were born abroad by suggesting that they’re only “interim”.

Hunt’s claim that we will be “self-sufficient” in medical staff is nonsense – and he knows it. These new doctors won’t qualify as consultants until 2030, while everywhere has ageing populations and the WHO estimates a global shortage of 2 million doctors. The number of people in Britain over the age of 85 will double by 2037 – and who is to care for them if we chase away all foreigners?

Related: Telling NHS doctors to go home is self-harming madness | Polly Toynbee

12.36pm BST

An interesting take from one commenter below the line:

The main reason I don't think it'll be good for business is the way it is and has effected Britain's image around Europe and probably the world. Made in Britain isn't actually very popular in Europe at the moment. When I am with my girlfriend in Spain what image of Britain is on the television? Farage, Boris Johnson and their xenophobic rhetoric. After all it's the consumers who are the most important when it comes to our exports. Do you really want to buy goods from a nation who's image is one of distaste and xenophobia to their neighbours. Look at the effect the Iraq war had on French products in the U.S when they went ( rightfully ) against the Iraq war.... Everything Farage and Boris do is making it far easier for the E.U to take a tough stance in negotiations with support from their people. Especially when they act so arrogantly by saying the E.U has too much to lose and will have to take any deal we offer.

Brexiters seem to have no idea on how politics will effect us more than anything else.

12.25pm BST

Comments are open below the line and our debate is underway.

Kicking us off from the form is a small business owner in the south east of England, who has noted a definite impact of the vote:

I’ve already seen an impact in car buying attitudes in the months following the referendum. Traditionally, September is a busy time for my business (my company move new and used cars around the U.K.) and already the volume of movements compared to March and this time last year is worrying.

Every dealership I visit, staff say the same thing; “It’s unusually quite for this time of year”. The uncertainty created by the referendum is clearly having an affect and I worry for the future of my business once article 50 is triggered. If people are out of work they won’t be buying cars, meaning I won’t be moving them round the U.K.

12.22pm BST

Polly Toynbee raised some interesting questions about the impact of hard Brexit this week. She wrote:

As speech after speech salutes “taking back control” as “a fully independent sovereign country”, only old sober-sides Philip Hammond throws cold water. There is a price to pay, he warns. He didn’t disagree with Institute for Fiscal Studies estimates that Brexit will cost the UK 4% in growth in coming years.

Related: Will Theresa May be the next Tory leader to be bulldozed by the Europhobes? | Polly Toynbee

11.02am BST

Theresa May made one thing perfectly clear during this year’s Conservative party conference: Brexit means Brexit.

The Tory leader said controlling immigration and withdrawing from the jurisdiction of the European court of justice would be her priorities during European Union (EU) exit. She says Article 50 will be triggered before the end of March 2017.

As the former political editor and columnist retires, he considers his career at the paper and the greatest scoop he never wrote

Michael White, the Guardian’s assistant editor, retired last week after almost 45 years at the paper as a reporter, foreign correspondent and columnist. He was political editor from 1990-2006, Washington correspondent (1984-88) and parliamentary sketch writer (1977-84). Here he reflects on his Guardian career.

When did you first know you wanted to be a journalist?
I was never a student journalist but, after failing a few interviews for industry in my final student year, I decided – correctly – that I am by nature an observer, not a doer. I was lucky in my timing: 1966 was a very good time to embark on a career in journalism.

Jessica Elgot is joined by Michael White, Katy Balls and John Crace to discuss Theresa May’s future. Also this week: Jonathan Holslag explains how patterns in history can help us predict today’s political upheavals

After a week in which anonymous Tory MPs briefed violent rhetoric to the Sunday papers, and rumours once again swirled around Westminster about a confidence vote, Theresa May faced down her critics at the Conservative party’s 1922 Committee.

She emerged looking stronger than she has for weeks, but for how long can she continue to survive in her own hostile environment?

25 April 1985: The new taste is said to be smoother, rounder and bolder, not to mention more harmonious

The hard-nosed men of the New York Stock Exchange yesterday made a snap judgment on the most sensational news in the mighty American soft drinks industry for 99 years. Without even trying the new, sweeter formula Coca-Cola, they backed the initial shock reaction of the amateurs: it tastes more like Pepsi.

By lunchtime yesterday Coca-Cola shares had taken another 1.50 cent pounding on top of the 1.60 they sustained in late trading after the new formula was officially unveiled on Monday, despite the assurances of Coke’s chairman, Mr Roberto Goizueta, that the new taste is smoother, rounder and bolder, not to mention more harmonious. Reporters disagreed.

Related: Milk Coke: another classic from the nation that invented Cheeky Vimto

The Guardian’s former political editor revisits humiliating prime ministerial resignations from Robert Peel to David Cameron

Both Brexit camps claim Sir Robert Peel, the Tory moderniser whose 1846 resignation crisis most resembles May’s. But he had succeeded where she failed. Determined to cut food prices for industrial workers, Peel pushed through repeal of protectionist Corn Laws with opposition help. In retaliation, rightwing enemies defeated his Irish Coercion bill. Peel resisted Queen Victoria’s appeal to stay, but grateful crowds cheered him as he walked to the Commons to resign. He slipped out by a side door, but was spotted and cheered home. Divided Tories lost office for 20 years.

Is there any one have format of Trust Audit under Bombey public Trust Act 1950?please mail me on piyushraychura25 @ gmail.com

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My firm takes IT projects from an online Service based Marketplace www.guru.com; where Websoft Inc (doing business as Guru.com) is an entity from Pittsburgh, USA and they charge a certain percentage (%) of the total project value as a "Project Fee" and also take a monthly fee as "Subscriptttion

I am stuck between the Advance ruling and the order of Gujarat Big Court on payment of royalty under RCM. Kindly guide