Top Thai billionaires-backed groups win digital bank permits

Top Thai billionaires-backed groups win digital bank permits

[BANGKOK] Three groups led by Charoen Pokmhand Group, Gulf Development and SCB X have clinched Thailand’s new virtual bank licences to boost competition in the nation’s banking industry, according to the central bank. ACM Holding, which is part of CP Group, and Advanced Info Service, a Gulf Development’s mobile phone affiliate, secured the permits, Bank…

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EU countries back winemaker support plan, with ‘low-alcohol’ tweak

EU countries back winemaker support plan, with ‘low-alcohol’ tweak

Published Thu, Jun 19, 2025 · 08:53 PM [BRUSSELS] EU countries Thursday (Jun 19) backed plans by Brussels to give winemakers a leg up – with some tweaks, including reducing labelling requirements for exports and renaming “alcohol-light” products “low-alcohol”. The European Commission in March unveiled a raft of measures to help Europe’s wine sector face…

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South Korea’s Cuckoo set for Malaysia debut after scaling down IPO

South Korea’s Cuckoo set for Malaysia debut after scaling down IPO

[SEOUL] A subsidiary of South Korean home-appliance maker Cuckoo Holdings is set to go public in Malaysia after a scaled-down offering that is expected to raise RM395 million (S$119.4 million). Cuckoo International (Mal) will begin trading on June 24, two months after postponing its initial public offering (IPO) due to market volatility. The final amount…

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Chevron seeks buyers for 50% stake in Singapore refinery: sources

Chevron seeks buyers for 50% stake in Singapore refinery: sources

[SINGAPORE] US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina, eight sources familiar with the matter told Reuters. Chevron is also gauging interest for the sale of other assets in Asia, including terminal and fuel storage…

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