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Thailand: MBK to buy stakes in street food brands

Shopping centre operator MBK Plc intends to buy stakes in Thai street food brands as part of its efforts to reduce business risks and raise new income. Somphol Tripopnart, MBK’s managing director of shopping centre business, said the company is now in talks with 4-5 popular street food brands in Bangkok, Chiang Mai and Chachoengsao […]

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Philippines: Remittances grow 5.4% in 10 months

MANILA, Philippines — Remittances from overseas Filipinos sustained their growth momentum for nine straight months, hitting a three-month high in October as the Christmas season approaches, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said personal remittances increased by 2.4 percent to a three-month high of $3.12 billion in October from $3.04 […]

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Vietnam: Struggling enterprises to offer Tet bonuses despite financial woes

Many domestic enterprises are suffering serious losses or only fulfilling half of their annual plans due to the impact of the COVID-19 pandemic, but they are still managing to offer Tet (Lunar New Year) bonuses to their workers. Ngo Duy Hieu, vice chairman of Vietnam General Confederation of Labour (VGCL), said at a recent press conference that many businesses and employees were struggling to overcome difficulties amid the complex […]

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Philippines: Q4 growth may hit upper end of target

MANILA, Philippines — The economy has to expand by around seven percent in the fourth quarter to hit the upper end of government’s revised growth forecast for the year, finance officials said. Finance Secretary Carlos Dominguez yesterday said the economy, as measured by the gross domestic product (GDP), needs to grow in the seven percent […]

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