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Thai Financial Services M&A to lag in 2H25 as global deals rebound: PwC Thailand

M&A activity in Thailand's financial services (FS) sector is off to a slow start this year, says PwC Thailand. Ongoing risks—like a sluggish economy, political uncertainty and trade barriers—are making businesses cautious. Thai companies are holding back on acquisitions until they get a better read on the situation, according to Phuwin Norchoovech, Deals Partner at PwC Thailand. Deals in the first half of 2025 are down compared to last year, and this trend is expected to continue. "Higher

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