Daiwa, 9 Basil form JV in Thailand; Grab suspends commissions in Myanmar

Daiwa Capital Markets Singapore and 9 Basil have launched a joint venture for M&A advisory services in Thailand, while Grab has suspended collecting any commissions from drivers and restaurant partners until Feb 28, to support the community in the country.

Daiwa, 9 Basil launch M&A advisory in Thailand

Daiwa Capital Markets Singapore Limited — wholly owned by Japan’s Daiwa Securities Group Inc — and Bangkok-based investment firm 9 Basil Co. Ltd have launched a DC Advisory Co. Ltd arm in Thailand to provide M&A advisory services.

DC Advisory (Thailand) will offer clients across Thailand and the wider Southeast Asian region access to mergers and acquisitions through joint venture advisory, corporate restructuring, and capital market transactions support.

The newly-announced joint venture brings together a large pool of resources from the Daiwa Securities Group, paired with a…