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Thailand: PTT swats monopoly tag

PTT Plc, the national oil and gas conglomerate, has defended itself against remarks by former Finance Minister Korn Chatikavanij about its takeover of SET-listed Glow Energy Plc, saying the acquisition was legal and is being vetted by regulators.  The former Democrat Party politician posted an article to the public last weekend, claiming this deal will give […]

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Malaysia: 7-Eleven ‘sell’, Magnum ‘buy’, GD Express ‘neutral’, Bioalpha ‘add’

7-ELEVEN MALAYSIA By Maybank IB Research Rating: Sell Target Price: RM1.12 While the improvement in consumer sentiment bodes well for SEM’s sales outlook, there are headwinds ahead, said Maybank IB. “Minimum wage will raise overheads while the decision to maintain prices post sales tax implementation may dampen margins. Our financial year 2019/2020 earnings are cut […]

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Singapore’s small builders seen facing debt troubles amid curbs

[SINGAPORE] Singapore’s small construction firms are likely to face more difficulties repaying debt as a clampdown on property speculation worsens their already tight liquidity. The island’s economy grew at a slower pace in the second quarter than initially projected as construction plunged. Singapore increased stamp duties for developers in July, and also tightened borrowing limits […]

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Foreign giants expand business in Vietnam’s finance sector

The Hanoitimes – Considering Vietnam’s finance and banking market lucrative, many financial institutions have enlarged their projects in the country based on their sharpened competitiveness in strategic business areas. At a recent meeting with Deputy Prime Minister Vuong Dinh Hue, Yoon Jong-kyoo, chairman and CEO of South Korean’s Kookmin Financial Group, said that his group will […]

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Indonesia: Three lawsuits to proceed against Bandung-Jakarta train project

Five companies have filed lawsuits against the Bandung-Jakarta high-speed train project with the Karawang District Court in West Java, demanding a total compensation of Rp 2.02 trillion (US$141 million) for their properties affected by the project, of which three will proceed to court. PT Gajah Tunggal, PT Karawang Cipta Persada, PT Perusahaan Industri Ceres, PT Batuah Bauntung Karawang […]

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