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Vietnam Airlines, Air France sign cooperation pact

HANOI: Vietnam’s flag carrier and Air France have signed an agreement to deepen their cooperation to tap the growing travel market between Vietnam and Europe. Vietnam Airlines and Air France have been cooperating for 20 years on aircraft maintenance and crew training and began code-sharing in 2010, but they said the partnership agreement signed by […]

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Indonesia: Rupiah Strengthens over Positive Domestic News

TEMPO.CO, Jakarta – Analysts project the rupiah exchange rate to strengthen again this week, supported by positive domestic news. “It is estimated that the rupiah will be in the support range of Rp13,595 and a resistance level of Rp13,448 per US dollar,” Binaartha Securitas analyst Reza Priyambada said in Jakarta, Sunday, 8 October. The rupiah appreciation is […]

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Global franchisers, retailers eye Vietnam

HCM CITY — With its rapidly growing economy and 95 million population of whom 60 per cent are young consumers, Vietnam is an attractive destination for global franchising and retail businesses. Speaking at a meeting in HCM City yesterday to introduce the 2018 Shop & Store Vietnam Expo, Suttisak Wilanan, deputy managing director of Reed Tradex, said many franchises in the […]

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Philippines: Think tank expects GDP growth moderating in Q3

MANILA, Philippines — Barcelona-based think thank Focus Economics said the pace of the country’s economic expansion moderated as consumers have grown more cautious in the third quarter. Focus Economics said the gross domestic product (GDP) growth of the Philippines likely moderated in the third quarter. “Household spending, the main engine of growth, continues to expand […]

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Malaysia: Ringgit opens higher against US$

KUALA LUMPUR: The ringgit extended yesterday’s gain to open higher against the US dollar today on continued demand for the emerging currencies, including the local note, as investors remained concerned over the possibility of US interest rate increase moving forward, dealers said. At 9.25 am, the local unit was quoted at 4.2240/2270 against the US […]

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