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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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Indonesia: Jokowi issues single window regulation to boost exports

President Joko “Jokowi” Widodo has signed Presidential Regulation No. 44/2018 on the Indonesia National Single Window (INSW), which is tasked with integrating export and import services, to boost exports. Under the regulation, the submission and the processing of data and information is managed in a single process by the INSW, according to a statement published on the […]

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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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