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Japan’s Aeon exits Thai retail to chase Vietnam’s booming middle class
The decision by Japanese retailer Aeon to sell its MaxValu minimart chain in Thailand is the latest example of the tight grip domestic conglomerates hold over Thai consumers, retail experts say. Yet the move also hints at the shifting economic fortunes of neighbouring Vietnam, where major Asian retailers including Aeon are competing aggressively for market share among a rapidly expanding middle class. On September 30, MaxValu, a store beloved by many Thais for its affordability and varied...
Ex-Deloitte IT manager jailed for 22 months over HK$1.2 million laptop theft
Ex-Deloitte IT manager jailed for 22 months over HK$1.2 million laptop theft Ho Man-kit, 40, earlier pleaded guilty to selling 423 company laptops to recycler to fund stock trading A former Deloitte information technology manager has been jailed for 22 months for stealing 423 laptops worth HK$1.2 million (US$153,000) from the accounting firm’s Hong Kong office to fund his stock trading addiction. The District Court sentenced Ho Man-kit, 40, on Friday after he pleaded guilty earlier this...
Why dodgy doors are the latest casualty of the UK heatwaves
Sticking or unlockable doors are yet another problem caused by the hot summer, but winter can also bring difficultiesThursday was another busy day for Alan Hickman, a Bournemouth-based locksmith who works in the area around the New Forest (“though I’m currently dodging the bit between Ringwood and Eastleigh because that’s closed because of the forest fires”).Speaking on his way to see a man who can’t close his patio doors – “probably because they’ve got some expansion issues” – he then has a...
T.Rowe Price's Loefstrand on Frontier Markets
Johannes Loefstrand, who manages $310 million in frontier market assets at T. Rowe Price, spoke to Bloomberg's Chief Africa Correspondent Jennifer Zabasajja on Next Africa, saying he’s “excited” about the prospects of Africa’s most-populous nation.