Thailand Digest: SCB commits $50m to Bank Jasa Jakarta; Zipmex told to update on debt repayment

Thailand Digest: SCB commits $50m to Bank Jasa Jakarta; Zipmex told to update on debt repayment

Arak Sutivong, deputy CEO of SCB

Bangkok-listed Siam Commercial Bank has invested $50 million, through Sequoia-backed WeLab, in the acquisition of digital bank Jasa Jakarta. Separately, troubled trading platform Zipmex has been ordered to give regulators an update on its moratorium on repayments to creditors by Friday.