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FDIs into Malaysia down 12.7% to RM41b in 2017

KUALA LUMPUR: Foreign direct investments (FDIs) into Malaysia fell 12.7% in 2017 to RM41bil from the record RM47bil in 2016, according to the Statistics Department. It said on Tuesday the FDI flows in 2017 were mainly channelled into the services sector, particularly in real estate, financial and insurance / takaful; and Information and communication activities.  […]

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ThaiBev takes the reins of Sabeco after M&A

The Hanoitimes – Saigon Beer Alcohol Beverage Corp (Sabeco)`s shareholders approved a new board including seven members, of which four were nominated by ThaiBev – controlled by tycoon Charoen Sirivadhanabhakdi through its local unit Vietnam Beverage. The board of Sabeco has elected Neo Gim Siong Bennett as its new CEO for the 2018 – 2023 period […]

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Thailand: High-speed rail link pushed back to 2024

The high-speed railway set to link Don Mueang, Suvarnabhumi and U-Tapao airports will open in mid-2024 at the earliest, State Railway of Thailand (SRT) acting governor Voravuth Mala said Monday.  The government had earlier expected the 200-billion-baht megaproject to be open by 2023.  The interim rail chief made the comments after a scheduled first meeting among […]

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Thailand: Baht expected to strengthen by year-end

THE BAHT is expected to reverse course in the next few months, and the central bank is likely to raise the key interest rate in September, Tim Leelahaphan, an economist at the Standard Chartered Bank Thailand, has forecast. Closely monitored risk factors to the economy include trade tensions and the impact of the boat tragedy […]

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