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SCG pays B5.46bn for Vietnam cement firm

SET-listed industrial conglomerate Siam Cement Group (SCG) has paid 5.46 billion baht for a 100% stake in a Vietnamese cement producer. President and chief executive Roongrote Rangsiyopash said the acquisition was done via SCG Cement-Building Materials Co Ltd, a wholly-owned subsidiary of SCG. It paid 5.46 billion baht to acquire all shares in Vietnam Construction […]

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MFI credit firm to push deeper into Cambodia

Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last Friday. The investment will be used to strengthen existing M-CRIL […]

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Philippines: Customs moves to put a lid on fuel smuggling

MANILA, Philippines –  President Duterte made it clear from the very start: he is going to eradicate corruption, crime and criminality in his six years in office. But while he wages a bloody war against suspected drug criminals, other “criminals” are having a grand time doing illegal activities. Such is the case with fuel smugglers, […]

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Vietnam: Many businesses stop advertising on YouTube

Some major brands in Vietnam had to stop advertising on the world’s largest online video site, YouTube, when these brands’ advertisements were linked to clips containing poor content. According to information from the Authority of Broadcasting and Electronic Information under the Ministry of Information and Communications, the authority received official dispatches from Vietnam Airlines, Mead […]

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KBank plans upgrade to strengthen regional roles

Kasikornbank plans to upgrade its banking operations in three overseas markets — Myanmar, Vietnam and Indonesia — over the next two years in a bid to strengthen its regional position. KBank’s executive vice-president Pattarapong Kanhasuwan said the bank is considering several business models to match the demand and landscape of each market. “We hope to […]

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