Bangkok: Following a court’s dismissal of the prime minister, the central bank of Thailand’s central bank left its key interest rate unchanged for a fifth straight meeting on Wednesday ( Aug 21 ), as was widely anticipated. The Bank of Thailand’s ( BOT ) monetary policy committee voted 6-1 toContinue Reading
BANGKOK: Thailand’s economy is nearly in crisis due to declining exports and uncompetitive manufacturing, the country’s caretaker finance minister said on Wednesday ( Aug 21 ). Pichai Chunhavajira told a business seminar that exports account for 70 % of the economy, but the manufacturing sector ca n’t meet market demand.Continue Reading
With the implementation of a Mekong River railroad bridge and songs in Thailand and Laos next month, making cross-border road transportation with Laos for the first time and with only a few kilometers left as the final unmanned distance to reach China, the train journey from Bangkok to Beijing has one clickity-clack website closer.
With the Thai-Lao railway’s new beginning, a 12-hour-long coach journey now runs from Bangkok’s major Krung Thep Aphiwat Station to Khamsavath Station in Vientiane, the capital of Laos.
Vientiane’s small Khamsavath Station, about six miles ( 9.6 kilometers ) outside of the capital, is the final stop for the new Thai-Lao railway’s carriages.
Before that final rail link is constructed, passengers and cargo arriving by train from Bangkok must travel a few dozen miles through Vientiane’s streets using taxis, vans, and other vehicles to get there via Bangkok Station.
According to some officials, those final tracks might be laid by 2028.
The much larger Vientiane Railway Station, about 10 miles ( 16 kilometers ) northeast of the Lao capital, is a glistening, cavernous, peak-roofed Chinese-built facility offering high-speed Chinese trains linking Vientiane and southern China.
Meanwhile, the new Bangkok-Vientiane route is anticipated to boost trade between the two Southeast Asian countries and encourage international travel to Laos, which is increasingly opening its one-party Communist nation to foreign visitors.
The cheapest one-way tickets from Bangkok to Vientiane are 152 third-class seats, each available for US$ 7.80 and cooled by ceiling-mounted electric fans. Sixty-four airconditioned second-class seats are$ 16 each.
For about$ 22.30, a lower bed can be converted to an air-conditioned upper bed bunk for 30 second-class seats, while a lower bed is about$ 25.30.
A few vehicular bridges run parallel to the Thai-Lao train currently connecting the two nations along their shared Mekong River border, including at Nong Khai, near the Mekong town of Nong Khai.
Because a Friendship Bridge highway’s highway straddled the Mekong, which used to connect Nong Khai and Vientiane, Thai trains from Bangkok used to stop at Nong Khai.
However, Thailand and Laos successfully extended the route, including a new railway bridge parallel to the Friendship Bridge, by about five miles from Nong Khai to Laos.
The government-run State Railway of Thailand ( SRT ) said it was advising Lao National Railway State Enterprise officials about scheduling and station management, ticket sales, train driving and other operations.
Lao train drivers take control of the Bangkok-Vientiane train starting at Nong Khai Station because Thai drivers could face international sanctions for operating in Lao territory.
In Nong Khai and Vientiane, passports or border passes must be stamped in order to enter the customs and immigration offices for Thailand and Laos.
To travel across Laos into China, a multi-billion dollar Chinese-built train, operating since 2021, passes from Vientiane Station through the northern stations of Vang Vieng, Luang Prabang, Muang Xay, and Luang Namtha before crossing into China’s Boten Station in southern Yunnan province near Xishuangbanna.
Those Chinese trains are operated by the Laos–China Railway Co, as part of Beijing’s financial and strategic Belt and Road Initiative. From Boten, onward trains link to all Chinese rail destinations including Kunming, Beijing, Shanghai and Tibet.
The sleek Vientiane-Boten trains cut across northern Laos through 75 tunnels dodging rugged karst hills, small waterfalls, and unexploded bombs unrecovered from the US war in Laos during the 1960s and 1970s.
According to Vice President Tee Chee Seng of Vientiane Logistics Park Co,” This service is advantageous especially for agricultural produce because the freshness of the goods is retained when they reach consumers in China.”
” Fresh products fetch good prices. Consumers and farmers are the ones who profit from quick transportation, according to Tee.
In response to rising concerns about Chinese dumping of goods in regional markets and protectionist barriers raised in Western markets as a result of complaints about Chinese industrial “overcapacity,” the China-Southeast Asia-connecting train also opens.
Richard S Ehrlich is a Bangkok-based American foreign correspondent reporting from Asia since 1978, and winner of Columbia University’s Foreign Correspondents ‘ Award. Excerpts from his two new nonfiction books,” Rituals. Killers. Wars. &, Sex. — Tibet, India, Nepal, Laos, Vietnam, Afghanistan, Sri Lanka &, New York” and” Apocalyptic Tribes, Smugglers &, Freaks” are available here.
PropertyGuru Group Limited, one of Southeast Asia’s top property technology firms, has signed an agreement to combine with affiliates of BPEA Private Equity Fund VIII Limited ( EQT Private Capital Asia ), a division of EQT AB, a global investment company. The all-cash transaction values PropertyGuru at approximately US$ 1.1 billion ( RM3.8 billion ). PropertyGuru’s board of directors, following a suggestion from a particular commission, has overwhelmingly approved and recommended that owners approve the consolidation. With the assistance of financial and legal officials, the Special Committee negotiated the consolidation term.
Each ordinary share of PropertyGuru issued and outstanding before the effective date ( excluding some shares ) will automatically convert into the right to receive US$ 6.70 ( RM29 ) per share in cash, unaffected by any interest, pursuant to the merger agreement. This represents a 52 % premium to PropertyGuru’s closing share price on 21 May 2024, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending on that date.
Major owners, including TPG Asia VI SF Pte. Ltd., TPG Asia VI SPV GP LLC, and Epsilon Asia Holdings II Pte. The merger’s owners, who collectively hold 56 % of the excellent common stock, have entered into election and help agreements with KKR.
Hari V. Krishnan ( pic ),  , CEO &, MD, PropertyGuru Group, said,” We are pleased to embark on this new chapter with EQT. This relationship comes after years of transformative growth, which TPG and KKR have supported, making us the world’s leading PropTech system in Southeast Asia. As we continue to innovate and provide value to our consumers, customers, and stakeholders across the region, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to energy communities to live, function, and thrive in today’s cities”.
In addition, Janice Leow, a partner in the EQT Private Capital Asia advisory group and nose of EQT Private Capital Southeast Asia, stated that” PropertyGuru has firmly established itself as the leading property market system in Southeast Asia, and we are deeply impressed by the strong base it has built over the past 17 years as well as with its brilliant team.”
” We think our offer strategically positions PropertyGuru to fully exploit its long-term growth potential while offering shareholders compelling value and certainty.” With EQT’s significant experience in the technology, online classifieds and marketplace sectors, we aim to further strengthen PropertyGuru’s platform, driving enhanced innovation and deeper engagement with its consumers, customers and stakeholders”, she added.
The transaction is expected to close in Q4 2024 or Q1 2025, subject to customary conditions, including approval by PropertyGuru’s shareholders and receipt of regulatory approvals. There is no financing condition for the transaction. Upon completion, PropertyGuru’s shares will cease trading on the New York Stock Exchange, and the company will become private, with its headquarters remaining in Singapore.
PropertyGuru Group ( PropertyGuru), a leading property technology company in Southeast Asia ( SEA ), has been acquired by Hong Kong-based EQT Private Capital Asia for$ 1.1 billion in cash.
TPG ( through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partners of TPG Asia VI Digs ), which owns around 26.5 %, and KKR ( through Epsilon Asia Holdings II ), which owns around 29.6 % of the business. In order to help the bargain, both companies have entered into voting and aid contracts with the business and EQT Private Capital Asia.  ,
PropertyGuru’s board of directors, acting upon the advice of a particular commission, unanimously approved the deal and recommends acceptance of the acquisition by PropertyGuru’s owners, according to an August 16 news.
The offer is equal to$ 6.70 per share and represents a 52 % premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024, the announcement said.  ,
The deal is expected to close in Q4 2024 or Q1 2025, subject to final problems, including acceptance by PropertyGuru’s shareholders and certificate of regulatory approvals.
Upon completion of the transaction, PropertyGuru’s shares will no longer trade on the New York Stock Exchange ( NYSE), and PropertyGuru will become a private company. PropertyGuru’s office will be in Singapore.
Freshfields Bruckhaus Deringer acted as the unique committee’s legal counsel, and Moelis &, Company is its financial consultant. Ropes &, Gray serves as EQT Private Capital Asia’s legal advisor, and Morgan Stanley Asia ( Singapore ) serves as its financial advisor. Latham &, Watkin is KKR and TPG’s legal advisor, and JP Morgan Securities Asia Private is their financial director.
PropoertyGuru Group has a consolidation program with members of BPEA Private Equity VIII, a purpose-driven international investment company, in order to have the business acquired by EQT Private Capital Asia.  ,
Development potential ,
The firm was founded in 2007 by Steve Melhuish and Jani Rautiainen, and provides online property markets for home seeking, real estate agents, home developers, banks and brokers across Singapore, Malaysia, Vietnam and Thailand. In a special purpose acquisition ( SPAC ) agreement with Bridgetown 2 Holdings, which Richard Li and Peter Thiel supported, PropertyGuru was listed on the NYSE in March 2022 and raised$ 254 million.  ,
Hari Krishnan, chief executive officer &, managing director, PropertyGuru, said in a statement,” We are pleased to embark on this new chapter with EQT. This agreement comes after decades of transformative growth, which TPG and KKR have supported, making us the industry’s top proptech platform.
Krishnan added:” As we continue to innovate and provide value to our consumers, customers, and stakeholders across the place, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to power communities to live, function, and thrive in tomorrow’s cities”.
” PropertyGuru has firmly established itself as the leading property market system in Lake, and we are deeply impressed by the strong base it has built over the past 17 years as well as with its brilliant team,” said Janice Leow, partner in the EQT Private Capital Asia consulting team and head of EQT Private Capital SEA.
Leow continued,” We think our offer strategically positions PropertyGuru to fully exploit its long-term growth potential while offering shareholders compelling value and certainty.” With EQT’s significant experience in the technology, online classifieds and marketplace sectors, we aim to further strengthen PropertyGuru’s platform, driving enhanced innovation and deeper engagement with its consumers, customers and stakeholders”.
Buys Korean recycler, seeks$ 12.5bn raise
For an undisclosed sum, EQT Infrastructure VI purchased a KJ Environment from Genesis Private Equity. According to a media release, the goal is to establish” a sclaed and diversified end-to-end waste treatment scheme platform focused on plastic recycling and waste-to-energy in South Korea.”  ,
KJ Environment works across recyclable waste sorting, plastic recycling and waste-to-energy. It has locations in the Greater Seoul Metropolitan Area, which provide services to catchment areas that account for more than 50 % of the nation’s GDP and population.
The purchase is EQT’s second infrastructure investment in South Korea.
In the release, Sang Jun Suh, a partner in the EQT infrastructure advisory team, stated,” We look forward to using EQT’s extensive experience investing in sustainable waste and recycling solutions across geographies, combined with our strong local footprint and industrial network, to help KJ Environment become a true market leader in the waste treatment space.
The business strengthens EQT’s track record of supporting infrastructure companies in the Asia Pacific region by extending its global portfolio of businesses that engage in waste-related business. Since 2020, EQT Infrastructure has invested €5 billion ($ 5.52 billion ) of equity, including co-investment, in Asia Pacific companies. Around 11, 000 people work the portfolio managed by EQT’s infrastructure team in Asia Pacific.
The transaction is subject approvals and , is expected to close in Q4 2024. EQT was advised by JP Morgan on financials, Kim &, Chang for legal, and PwC for financial and tax.
With this transaction, EQT Infrastructure VI is expected to be 45-50 % based on target fund size and subject to customary regulatory approvals.
Meanwhile, EQT is looking to raise around$ 12.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX.
¬ Haymarket Media Limited. All rights reserved.
PropertyGuru Group, a leading property technology company in Southeast Asia ( SEA ), has been purchased by Hong Kong-based EQT Private Capital Asia for$ 1.1 billion in cash.
In support of the merger, TPG ( through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partners of TPG Asia VI Digs ), and KKR ( through Epsilon Asia Holdings II ), have entered into voting and support agreements with the business and EQT Private Capital Asia.
PropertyGuru’s board of directors, acting upon the advice of a particular commission, unanimously approved the deal and recommends acceptance of the acquisition by PropertyGuru’s owners, according to an August 16 news.
The offer is equal to$ 6.70 per share and represents a 52 % premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024, the announcement said.  ,
The deal is expected to close in Q4 2024 or Q1 2025, subject to final problems, including acceptance by PropertyGuru’s shareholders and certificate of regulatory approvals.
Upon completion of the transaction, PropertyGuru’s shares will no longer trade on the New York Stock Exchange ( NYSE), and PropertyGuru will become a private company. PropertyGuru’s office will be in Singapore.
Freshfields Bruckhaus Deringer acted as the unique committee’s legal counsel, and Moelis &, Company is its financial advisor. Ropes &, Gray is acting as legal counsel to EQT Private Capital Asia, and Morgan Stanley Asia ( Singapore ) is acting as financial advisor to the company. Latham &, Watkin is a legal advisor to KKR and TPG, and JP Morgan Securities Asia Private is their economic advisor.
PropoertyGuru Group intends to combine with members of BPEA Private Equity VIII, a purpose-driven international investment company, in order to allow EQT Private Capital Asia to acquire the business.  ,
Progress potential ,
The company founded in 2007 and has a modern home platform across Singapore, Malaysia, Vietnam and Thailand. It was listed on the NYSE in March 2022 and raised$ 24 million through a Richard Li and Peter Thiel-backed special purpose acquisition ( SPAC ) deal with Bridgetown 2 Holdings.  ,
Hari Krishnan, chief executive officer &, managing director, PropertyGuru Group, said in a statement,” We are pleased to embark on this new chapter with EQT. This agreement comes in the wake of centuries of transformative growth, which TPG and KKR have supported, making us the industry’s leading proptech platform.
Krishnan added:” As we continue to innovate and provide value to our consumers, customers, and stakeholders across the place, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to power communities to live, function, and thrive in tomorrow’s cities”.
” PropertyGuru has firmly established itself as the leading property market system in Lake, and we are deeply impressed by the strong base it has built over the past 17 years as well as with its brilliant group,” said Janice Leow, partner in the EQT Private Capital Asia consulting team and head of EQT Private Capital SEA.
Leow continued,” We think our offer effectively positions PropertyGuru to fully exploit its long-term development possible while offering shareholders compelling value and certainty.” With EQT’s considerable knowledge in the technology, online classifieds and market sectors, we aim to further improve PropertyGuru’s system, driving increased innovation and deeper engagement with its consumers, customers and stakeholders”.
Buys Korean recycler, seeks$ 12.5bn raise
For an undisclosed sum, EQT Infrastructure VI purchased a KJ Environment from Genesis Private Equity. According to a media release, the goal is to establish” a sclaed and diversified end-to-end waste treatment scheme platform focused on plastic recycling and waste-to-energy in South Korea.”  ,
KJ Environment works across recyclable waste sorting, plastic recycling and waste-to-energy. It has locations in the Greater Seoul Metropolitan Area, which provide services to catchment areas that account for more than 50 % of the nation’s GDP and population.
The purchase is EQT’s second infrastructure investment in South Korea.
” We look forward to utilizing EQT’s extensive experience investing in sustainable waste and recycling solutions across geographies, combined with our strong local footprint and industrial network, to help KJ Environment become a true market leader in the waste treatment space,” said Sang Jun Suh, a partner in the EQT infrastructure advisory team.
The Platform strengthens EQT’s global portfolio of businesses that conduct waste-related business and builds on its track record of supporting infrastructure businesses in the Asia Pacific region. Since 2020, EQT Infrastructure has invested €5 billion ($ 5.52 billion ) of equity, including co-investment, in Asia Pacific companies. Around 11, 000 people work in the Asia Pacific portfolio that is managed by EQT’s infrastructure team.
The transaction is subject approvals and , is expected to close in Q4 2024. EQT was advised by JP Morgan on financials, Kim &, Chang for legal, and PwC for financial and tax.
With this transaction, EQT Infrastructure VI is expected to be 45-50 % based on target fund size and subject to customary regulatory approvals.
Meanwhile, EQT is looking to raise around$ 12.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX.  ,
¬ Haymarket Media Limited. All rights reserved.
PropertyGuru Group, a leading property technology company in Southeast Asia ( SEA ), has been purchased by Hong Kong-based EQT Private Capital Asia for$ 1.1 billion in cash.
In support of the merger, TPG ( through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partners of TPG Asia VI Digs ), which owns around 26.5 %, and KKR ( through Epsilon Asia Holdings II ), which owns around 29.6 % of the firm, have entered into voting and support agreements with the business and EQT Private Capital Asia.
PropertyGuru’s board of directors, acting upon the advice of a particular commission, unanimously approved the deal and recommends acceptance of the acquisition by PropertyGuru’s owners, according to an August 16 news.
The offer is equal to$ 6.70 per share and represents a 52 % premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024, the announcement said.  ,
The deal is expected to close in Q4 2024 or Q1 2025, subject to final problems, including acceptance by PropertyGuru’s shareholders and certificate of regulatory approvals.
Upon completion of the transaction, PropertyGuru’s shares will no longer trade on the New York Stock Exchange ( NYSE), and PropertyGuru will become a private company. PropertyGuru’s office will be in Singapore.
Freshfields Bruckhaus Deringer acted as the specific committee’s legal counsel, and Moelis &, Company is its financial advisor. Ropes &, Gray is acting as legal counsel to EQT Private Capital Asia, and Morgan Stanley Asia ( Singapore ) serves as financial advisor to the company. Latham &, Watkin is KKR and TPG’s legal advisor, and JP Morgan Securities Asia Private is their financial director.
PropoertyGuru Group has a consolidation program with members of BPEA Private Equity VIII, a purpose-driven international investment company, in order to have the business acquired by EQT Private Capital Asia.  ,
Progress potential ,
The company founded in 2007 and has a modern home platform across Singapore, Malaysia, Vietnam and Thailand. In a special purpose acquisition ( SPAC ) agreement with Bridgetown 2 Holdings, which Richard Li and Peter Thiel supported, it was listed on the NYSE in March 2022.  ,
Hari Krishnan, chief executive officer &, managing director, PropertyGuru Group, said in a statement,” We are pleased to embark on this new chapter with EQT. This agreement comes after decades of transformative growth, which TPG and KKR have supported, making us the industry’s top proptech platform.
Krishnan added:” As we continue to innovate and provide value to our consumers, customers, and stakeholders across the place, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to power communities to live, function, and thrive in tomorrow’s cities”.
” PropertyGuru has firmly established itself as the leading property marketplace platform in Lake, and we are greatly impressed by the solid foundation it has built over the past 17 times as well as its brilliant staff,” said Janice Leow, companion in the EQT Private Capital Asia advisory group and nose of EQT Private Capital SEA.
Leow continued,” We think our offer strategically positions PropertyGuru to fully exploit its long-term growth potential while offering shareholders compelling value and certainty.” With EQT’s significant experience in the technology, online classifieds and marketplace sectors, we aim to further strengthen PropertyGuru’s platform, driving enhanced innovation and deeper engagement with its consumers, customers and stakeholders”.
Buys Korean recycler, seeks$ 12.5bn raise
For an undisclosed sum, EQT Infrastructure VI purchased a KJ Environment from Genesis Private Equity. According to a media release, the goal is to establish” a sclaed and diversified end-to-end waste treatment scheme platform focused on plastic recycling and waste-to-energy in South Korea.”  ,
KJ Environment works across recyclable waste sorting, plastic recycling and waste-to-energy. It has locations in the Greater Seoul Metropolitan Area, which provide services to catchment areas that account for more than 50 % of the nation’s GDP and population.
The purchase is EQT’s second infrastructure investment in South Korea.
Sang Jun Suh, a partner in the EQT infrastructure advisory team, stated:” We look forward to applying EQT’s extensive experience investing in sustainable waste and recycling solutions across geographies, combined with our strong local footprint and industrial network, to help KJ Environment become a true market leader in the waste treatment space.
The Platform strengthens EQT’s track record of supporting infrastructure companies in the Asia Pacific region by expanding its global portfolio of businesses that conduct waste-related business. Since 2020, EQT Infrastructure has invested €5 billion ($ 5.52 billion ) of equity, including co-investment, in Asia Pacific companies. Around 11, 000 people work in the Asia Pacific portfolio that is managed by EQT’s infrastructure team.
The transaction is subject approvals and , is expected to close in Q4 2024. EQT was advised by JP Morgan on financials, Kim &, Chang for legal, and PwC for financial and tax.
With this transaction, EQT Infrastructure VI is expected to be 45-50 % based on target fund size and subject to customary regulatory approvals.
Meanwhile, EQT is looking to raise around$ 12.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX.  ,
¬ Haymarket Media Limited. All rights reserved.
PropertyGuru Group, a leading property technology company in Southeast Asia ( SEA ), has been purchased by Hong Kong-based EQT Private Capital Asia for$ 1.1 billion in cash.
In support of the merger, TPG ( through TPG Asia VI SF and TPG Asia VI SPV, in its capacity as general partners of TPG Asia VI Digs ), and KKR ( through Epsilon Asia Holdings II ), have entered into voting and support agreements with the business and EQT Private Capital Asia.
PropertyGuru’s board of directors, acting upon the advice of a particular commission, unanimously approved the deal and recommends acceptance of the acquisition by PropertyGuru’s owners, according to an August 16 news.
The offer is equal to$ 6.70 per share and represents a 52 % premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75 % and 86 % premium to the company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024, the announcement said.  ,
The deal is expected to close in Q4 2024 or Q1 2025, subject to final problems, including acceptance by PropertyGuru’s shareholders and certificate of regulatory approvals.
Upon completion of the transaction, PropertyGuru’s shares will no longer trade on the New York Stock Exchange ( NYSE), and PropertyGuru will become a private company. PropertyGuru’s office will be in Singapore.
Freshfields Bruckhaus Deringer acted as the unique committee’s legal counsel, and Moelis &, Company is its financial advisor. Ropes &, Gray serves as EQT Private Capital Asia’s legal advisor, and Morgan Stanley Asia ( Singapore ) serves as its financial advisor. Latham &, Watkin is KKR and TPG’s legal advisor, and JP Morgan Securities Asia Private is their economic director.
The PropoertyGuru Group intends to combine with members of BPEA Private Equity VIII, a purpose-driven international funding company, in order to be acquired by EQT Private Capital Asia.  ,
Growth
The company founded in 2007 and has a modern home platform across Singapore, Malaysia, Vietnam and Thailand. It signed a particular goal consolidation agreement with Bridgetown 2 Holdings, led by Richard Li and Peter Thiel, in March 2022 and was listed on the NYSE.  ,
Hari Krishnan, chief executive officer &, managing director, PropertyGuru Group, said in a statement,” We are pleased to embark on this new chapter with EQT. This agreement comes in the wake of centuries of transformative growth, which TPG and KKR have supported, making us the industry’s leading proptech platform.
Krishnan added:” As we continue to innovate and provide value to our consumers, customers, and stakeholders across the place, EQT’s international experience in building marketplaces and commitment to sustainable development will further improve our perception to power communities to live, function, and thrive in tomorrow’s cities”.
” PropertyGuru has firmly established itself as the leading property market system in Lake, and we are deeply impressed by the strong base it has built over the past 17 years as well as with its brilliant group,” said Janice Leow, partner in the EQT Private Capital Asia consulting team and head of EQT Private Capital SEA.
Leow continued,” We think our offer carefully positions PropertyGuru to fully exploit its long-term development possible while offering shareholders compelling value and certainty.” With EQT’s considerable knowledge in the technology, online classifieds and market sectors, we aim to further improve PropertyGuru’s platform, driving increased innovation and deeper engagement with its consumers, customers and stakeholders”.
¬ Haymarket Media Limited. All rights reserved.
BANGKOK: Thailand’s economic growth strengthened in the second quarter due to higher consumption, tourism and exports, official data showed on Monday ( Aug 19 ), and the government narrowed its full-year growth forecast range. Southeast Asia’s second-largest economy grew 2.3 per cent in the April-June quarter from a year earlier,Continue Reading
The studio teaches Thai reporters about the process of reporting on US elections.
PUBLISHED: 17 Aug 2024 at 20: 38
According to US Ambassador Robert Godec, Thai advertising will be key in fostering informed conversation about the US presidential elections and educating the Thai government about how the US political system operates in Thailand.
In a press conference on Saturday, Mr. Godec stated that the program was crucial given the rapidly spreading nature of fake information and disinformation and those who want to undermine democracy around the world.
” Your function as reporters, upholding accurate monitoring and championing transparency, is therefore more important and important than ever for democracy”, he said.
He claimed that editors are crucial to ensuring clarity in a republic, especially during crucial times like elections.
So take the time to verify information with trustworthy sources, including by contacting the embassy’s press team, who can respond to your questions or direct you to if something does n’t seem right, he said.
He asserted that politics may be taken for granted. Citizens who are informed of their political system, its methods, and their rights may be their guardians, he said, and keep it up.
In addition to the factory, Mr. Godec met a group of 42 Thai editors who wanted to learn more about the US presidential election and its political process.
The United States Embassy and the Thai Journalists Association simultaneously held the factory.
Individuals had the opportunity to learn more about US primaries and how to write better reports on the subject.
Asked how the 2024 vote, which will be held on Nov 5, may affect Thai-US relationships and Southeast Asia as a whole, Mr Godec said the foreign policy of the US government could change between various political services.
But, the guiding rules of US foreign policy remain constant: development of surveillance, politics, growth and advancement in the US and around the world, he said.
He claimed that the Indo-Pacific area has been the center of the country’s coordinated improvement in all of these areas.
Thailand, which has a relationship that dates back two decades and has always been and will continue to be a crucial lover, is the United States ‘ first friend in the area, he said.
The studio, according to Anucha Charoenpo, a TJA vice-president in charge of foreign affairs, aims to aid Thai journalists in understanding the effects of US votes on policy. The outcome of the election did change Thailand, he said.
” I hope this factory will serve as a catalyst for promoting more assistance in a wide range of issues in the future,” he said. I want to thank the US Embassy in Thailand for organizing such a valuable and experienced workshop for Thai reporters.