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Philippines: MPIC completes acquisition of Vietnamese water firm

MANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has completed its acquisition of a 49 percent stake in a water utility giant in Vietnam, marking yet another global expansion by a Philippine-based company. MPIC, the tollways and infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, through subsidiary MetroPac Water Investments Corp. (MPWC) sealed its purchase […]

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Vietnam lawmakers approve cyber law, tighten rules on Google, Facebook

HANOI: Vietnamese lawmakers approved a controversial cybersecurity law on June 12, voting amid tight security following weekend protests over other legislation that turned violent in some parts of the communist country. The law, approved by 91% of attending lawmakers, would require Facebook, Google and other global technology firms to store locally “important” personal data on users […]

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Singapore retail sales a mixed bag in April

RETAIL sales continued its lacklustre streak in April, ticking up marginally by 0.4 per cent compared to a year ago, dragged down by a sharp dip in computer and telecommunications equipment. This followed March’s 1.1 per cent drop in retail sales. Excluding motor vehicle sales, retail takings inched up 0.7 per cent in April, according […]

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Philippines: Peso sinks to weakest in 12 years

MANILA, Philippines — The peso retreated yesterday, closing to its lowest in almost 12 years at 52.95 to $1 due to uncertainties caused by the recent developments in the G7 meeting, analysts said. The local currency weakened by 25 centavos from last Friday’s close of 52.70 to $1. This was the lowest since the peso […]

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