McThai : They’re lovin’ it
APAC Outlook talks to Hester Chew, Chairman of Executive Committee and CEO of McThai, Thailand’s sole McDonald’s franchisee.
Suspended jail sentences for ex-Olympus execs
A Japanese court has handed suspended sentences to three former Olympus executives accused of engineering accounting fraud at the camera and medical equipment maker.
Telenor and Ooredoo win Myanmar telecoms licences
Telenor Mobile Communications of Norway and Qatar Telecom, which has changed its name to Ooredoo, have been awarded telecommunications licences by the Telecommunications Operator Tender Evaluation and Selection Committee.
Ping An buys Lloyd’s building in London
A German Closed End Fund has confirmed the sale of The Lloyds Building in London to Ping An for £260 million.
Manchester United arrive in Bangkok for Asia Tour
English Premier League champions Manchester United have landed in Bangkok ahead of a tour that will take in five cities in four countries.
Chinese Authorities Accuse (GlaxoSmithKline) GSK of Using Bribery to Boost Sales
British drugmaker GlaxoSmithKline is under investigation by Chinese authorities for alleged bribery and price fixing.
Samsung posts record Q2 profit
South Korea’s Samsung Electronics, the world’s largest technology firm by revenue, has posted another record quarterly net profit.
Rio Tinto sells Northparkes stake to Chinese firm
China Molybednum has agreed a deal to buy 80 percent stake in Northparkes copper and gold mine in Australia owned by Rio Tinto for $820 million.
Pakistan gets $5.3bn IMF bailout
Pakistan and the International Monetary Fund (IMF) have reached a provisional agreement on a bailout of at least $5.3 billion that aims to boost its flagging economy and low foreign exchange reserves.
Baby formula prices cut as China launches probe
Nestle and Danone have announced plans to cut prices of some of their infant milk formula products in China after Beijing announced a probe into alleged price fixing by foreign infant milk makers.
