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Food, beverage company buys Starbucks Thailand

FOOD and beverage firm Fraser and Neave (F&N) has acquired the Starbucks Thailand coffee chain. The company on Thursday said it has entered into an agreement to buy Starbucks Coffee (Thailand). The deal was done through Coffee Concepts (Thailand), a partnership between F&N Retail Connection and Maxim’s Caterers. Maxim’s Caterers is a long-time partner of […]

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Vietnam, Malaysia check out trade, investment prospects

Trade between Vietnam and Malaysia has increased dramatically in recent years but they still have great untapped potential, a seminar heard in Ho Chi Minh City last week. Speaking at Gateway into the Malaysia Market through Selangor International Business Summit 2019 organised by Invest Selangor Bhd and the Investment and Trade Promotion Centre of Ho […]

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Lao Airlines to restore direct flight to Phnom Penh

Lao Airlines, the country’s national flag carrier, announced that it will start flying to Phnom Penh again in October. For in depth analysis of Cambodian Business, visit Capital Cambodia Laos Ambassador to Cambodia Amphay Kindavong on Friday told Cambodian Tourism Minister Thong Khon that the airline will restore its flight connecting the capitals of both countries […]

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Philippines: BSP tightens rules on selection of external auditors

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has tightened the guidelines on the selection of external auditors for banks and financial institutions to preserve the integrity of financial reports and transparency in the financial system. BSP Governor Benjamin Diokno said the Monetary Board issued a resolution approving the revised framework on the selection […]

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Vietnam among top Asean destinations for private equity

VIETNAM is among the top three Asean countries attracting private equity (PE) investment in terms of deal value, according to a report released by the auditing and business consulting firm Grant Thornton. The report noted that Vietnam saw 38 PE transactions in 2018 with total value of more than US$1.6bil (RM6.7bil), after Singapore and Indonesia. […]

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Malaysia: Ringgit ekes out slight gains against US$

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Monday on improved oil prices, recovering some demand for the local note, dealers said.  At 9am, the ringgit rose to 4.1850/1900 against the greenback compared with 4.1870/1900 at last Friday’s close. Benchmark Brent crude was trading 0.56 per cent better at US$67.85 per […]

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