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Philippines: Yellow Cab to expand in Vietnam

MANILA, Philippines – Yellow Cab Pizza, the homegrown pizza brand of Max’s Group Inc. (MGI), is expanding in Vietnam. In a statement, MGI said it has inked an agreement with Blue Star Food Corp. to put up 12 Yellow Cab Pizza stores in Vietnam within the next five years. MGI president and CEO Roberto Trota […]

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M’sian banks can gain from Cambodian growth

PETALING JAYA: Malaysian banks are poised to benefit from the fast-growing Cambodian economy, says TA Research. The research house noted that the government had been very supportive in developing the financial system there. “At present, the country does not impose a limit on foreign shareholding in domestic banks. That said, there are currently 36 commercial […]

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Cambodia: Commerce Ministry addresses exports, fees

Commerce Minister Pan Sorasak said yesterday the government will take action to boost the export of processed products and facilitate trade in the kingdom. He made the comments at a working group meeting with Van Sou Ieng, president of the Garment Manufacturers Association in Cambodia (GMAC). “The ministry will review and revise its procedures on […]

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Singapore eyes new drivers of economic growth

SINGAPORE – A key Singapore advisory panel on Thursday proposed a 10-year strategy aimed at ensuring annual economic growth of 2-3%, mainly centred on trade partnerships, deepening the workforce’s tech skills and digitalising the economy. It also recommended a review of Singapore’s tax system so that it remains pro-growth and competitive, while also “broad-based, progressive […]

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Philippines: BSP keeps rates steady

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) yesterday kept its monetary policy unchanged, as expected, despite the growing upward pressure on inflation as well as the challenging global economic environment. BSP officer-in-charge Nestor Espenilla Jr. said the central bank’s Monetary Board had decided to maintain policy rates at 3.5 percent for the overnight […]

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