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Myanmar: Prospects improving in e-commerce

Southeast Asia’s internet economy is expected to be worth $50 billion by the end of this year and will likely be worth four times more by 2025, according to a report released last week by Google and Singapore sovereign wealth fund Temasek Holdings. At 330 million, the number of monthly active internet users has risen […]

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Vietnam Beverage successfully bought 53.59% shares of Sabeco

The Hanoitimes – After completing transaction, Vietnam Beverage will become the largest stakeholder holding 53.59% Sabeco shares. Thai Beverage Plc on December 18 took a majority stake in Saigon Beer Alcohol Beverage Corp (Sabeco) valued at nearly 4.8 billion USD, after an auction for Vietnam’s larger brewer attracted no other major bidders. Vietnam Beverage, ThaiBev’s domestic […]

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ThaiBev poised for B156bn stake in Vietnam’s Sabeco

Thai Beverage Pcl is poised to take a majority stake in Saigon Beer Alcohol Beverage Corp valued at 156 billion baht, after an auction for Vietnam’s larger brewer attracted no other major bidders. Vietnam Beverage, ThaiBev’s domestic unit, registered to bid for 343.662 million or a 53.59% stake in Sabeco, as Vietnam’s largest brewer is […]

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Malaysia: Challenging days still ahead for retail

THE new year may not necessarily spell out cheery new beginnings for retailers as retail businesses in Penang continue to face lukewarm prospects. Consumer confidence is expected to stay soft while uncertainties in the global economy persist. This is, nonetheless, in line with trends of the Consumer Sentiments Index found in Malaysian Institute of Economic […]

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