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Vietnam gov’t greenlights Mobile Money

The Hanoitimes – The regulation on mobile payment will not allow users to recharge from scratch cards but they must conduct deposits and withdrawals from the registered bank account. Prime Minister Nguyen Xuan Phuc has agreed the deployment of the pilot project on direct carrier billing services, also known as Mobile Money, according to a latest […]

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Thailand: CP to file Tesco deal with trade panel

Charoen Pokphand Group (CP), the country’s biggest agribusiness conglomerate, is scheduled to file documentation for the group’s deal to acquire 86.9% of the Thai business of Tesco and 100% of the UK retailer’s Malaysian business in a deal valued at US$10.6 billion with the Office of Trade Competition Commission (OTCC) for consideration this week or […]

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Philippines: Lockdown ends

Last Friday, the PSEi rose 4.8 percent on heavy volume of P20.4 billion. After months of continuous foreign selling, flows turned positive with P955 million in net foreign buying. This was despite the MCSI rebalancing which reduced the weighting of MSCI index stocks to accommodate the entry of Puregold Price Club. These remarkable moves were […]

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Vietnam’s manufacturing activity signals improvement in May

The Hanoitimes – The sector saw a softer contraction than in April as the Covid-19 pandemic was brought under control in Vietnam. The Vietnam Manufacturing Purchasing Managers’ Index™ (PMI) rose ten index points in May, posting 42.7 up from April’s record low of 32.7, signaling a much softer decline in business conditions than in the previous […]

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