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Vietnam’s Sabeco removes cap on foreign ownership

The Hanoitimes – The move would open up the company to further investments from foreign investors. Vietnam’s largest brewer Saigon Beer Alcohol Beverage Corp. (Sabeco) on November 12 announced that it has removed the limit on foreign ownership. On October 30, Sabeco’s board of directors adopted a resolution approving the unrestricted foreign ownership percentage in the […]

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Getting richer, more Indonesians shift to premium rice

Following the consumption trend of middle-income consumers, rice producers have started to distribute more premium rice instead of medium-quality rice, a report submitted to the Indonesia Stock Exchange (IDX) says. The report from rice producer PT Buyung Poetra Sembada (HOKI) shows that the company’s revenue increased 17.78 percent from January to September to Rp 1.06 trillion (US$72.14 million), compared to […]

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Brunei GDP declines 2.8% in Q2 2018

Decreases in liquefied natural gas (LNG), methanol and oil production have lead to Brunei’s Gross Domestic Product (GDP) shrinking by 2.8% to BND 4.581 billion in the second quarter (Q2) of 2018. According to statistics released by the Department of Economic Planning and Development (JPKE) yesterday, this is the first decline in GDP since the first quarter […]

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Thailand: Opening the gates to salvage tourism

Fixed securely in one of the world’s holiday hotspots, Thailand’s booming tourism industry is nonetheless experiencing uneasiness like never before amid safety concerns and growing discontent over declining arrivals from China. Chinese travellers have held Thailand in high regard as their favourite overseas destination for years. But things turned sour after a tour boat capsized off […]

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