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Malaysia: Vincent Tan mulls taking 7-Eleven, BLand private; to list U Mobile, hotels

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) founder and executive chairman Tan Sri Vincent Tan plans to take private his convenient chain store operator 7-Eleven Malaysia Holdings Bhd as well as property and hotel business unit Berjaya Land Bhd (BLand). The tycoon has also set in motion plans to list his mobile telecommunications service provider U Mobile Sdn Bhd on Bursa Malaysia and the hotel business […]

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Asian business confidence wallows near three-year low

SINGAPORE (Reuters) – A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China, a Thomson Reuters/INSEAD survey showed. Representing the six-month outlook of 84 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index edged up to 63 […]

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Thailand: Banker shrugs off poll impact

Thailand’s economic growth is projected to expand by 4.1% regardless of the outcome of the upcoming general election, with domestic growth engines expected to drive the uptick, says an executive from Bank of Ayudhya (BAY).  But the country still needs to resolve persistent structural problems and address human capital development to enhance long-term competitiveness, said Somprawin Manprasert, […]

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Vietnam needs new policy mindset for developing supporting industry: Deputy PM

The Hanoitimes – Products of Vietnam’s supporting industry are mostly simple components and spare parts using low- to mid–end technologies, which account for small proportion in value of final products. Vietnam must consider supporting industry a priority, for which a new policy mindset is needed to focus on enhancing enterprises’ capabilities, instead of preferential treatment, according […]

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