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Malaysia’s Petronas attracts PTT to Sarawak

PTT Plc, the national oil and gas conglomerate, has expressed interest in buying a stake from Malaysian state-owned oil and gas company Petroliam Nasional Bhd (Petronas) in a large upstream Sarawak gas field. PTT president and chief executive Tevin Vongvanich said yesterday that the group is ready to consider the deal once Petronas confirms its […]

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Philippines: Japan, China firms eager to enter Phl

MANILA, Philippines – Japanese and Chinese companies are looking at investing and partnering with Philippine firms amid the bright prospects brought about by the sustained growth in the economy. Security Bank Corp. president and CEO Alfonso Salcedo Jr. said it has partnered with Japan’s Mitsubishi UFJ Finance Group Inc. (MUFG) to arrange close to 200 […]

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Is 7-Eleven ready to take on Vietnam?

7-Eleven is expected to open their first store in early 2017 and the convenience store industry in Vietnam is already preparing for the competition. The international convenience store chain has signed a master franchise agreement with Seven System Vietnam, who is a new startup by a Vietnamese restaurant chain. The company expressed their excitement about […]

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Asia Franchise & Retail Report – December

Alibaba Will Assist Thailand’s E-commerce Development Alibaba has signed agreements with Thailand’s Ministry of Commerce to help the country develop its e-commerce business.  Alibaba will train Thai government officials about big data and artificial intelligence; help Thailand develop and efficient logistics systems and help small and medium-sized Thai firms expand their businesses through both international […]

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