KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) has agreed to buy a 95% stake in an Indonesian oil palm company with plantation in East Kalimantan for about RM300mil. The proposed acquisition, KLK told Bursa Malaysia today, represents an opportunity for the group to acquire a company with brownfield oil palm plantation. The target company, PT Putra Bongan […]
Read MoreMANILA, Philippines — Homegrown fast-food giant Jollibee Foods Corp. ($JFC) announced on Wednesday it will bring Vietnamese noodle house Pho 24 to the Philippines. Pho 24 will be introduced to the country through JFC’s wholly-owned subsidiary Fresh N’ Famous Foods Inc., which also runs fast-food chain Chowking. Pho 24, which serves rice noodles soup called “pho” and […]
Read MoreThe production and sale of charcoal in Myanmar has been on the rise in recent years and not just because of domestic demand. Based on an investigative trip to Myeik, Tanintharyi Region, recently, The Myanmar Times learned that a large, unrecorded volume of charcoal is being illegally exported to Thailand. In Yangon, demand for charcoal […]
Read MoreSINGAPORE’S factory output grew 5.9 per cent in March compared to a year ago, comparable to economists’ predictions of a 5.7 per cent rise, according to preliminary Economic Development Board figures on Thursday. Excluding biomedical manufacturing, which tends to be volatile, output grew 8.6 per cent year-on-year. However, on a seasonally adjusted basis, manufacturing output […]
Read MoreThe Hanoitimes – Vietnam has been Southeast Asia`s biggest IPO market over the past year and the market seems to be revving up. According to Bloomberg, GIC Pte – Singapore’s sovereign wealth fund – is spending about $850 million for a 7.1 percent stake in the listing by Vingroup JSC, Vietnam’s biggest developer, of its luxury […]
Read MoreAfter months of deliberation, Laos’ Prime Minister Thongloun Sisoulith announced this week that the country’s minimum wage will increase from 900,000 kip ($108) to 1.1 million kip per month. This rise is set to take effect from early next month. The Lao Federation of Trade Unions (LFTU), a state-sponsored union organization, had petitioned for the minimum wage […]
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