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EG Group Plans to Divest Australian Service Station Network UK-based EG Group is planning to divest its EG Ampol service station network in Australia. Ampol, EG Group’s wholesale supplier, is considered the most likely purchaser. EG Group acquired 540 fuel…
The Hanoi Railway Transport Joint Stock Company has reported record after-tax profits of VND54 billion (US$2.2 million) mainly due to a nonrecurring revenue item, interest in bank deposits. It received interest of VND245 billion on deposits, but also managed…
The recent fuel shortages happened because retail prices did not follow the market economy principles, and the government cannot mandate prices, Prime Minister Pham Minh Chinh said. “Businesses only operate if they gain profits. It is difficult for the…
Three smartphone models produced by VinSmart, a unit of Vietnamese private conglomerate Vingroup, have been sold in the U.S. since earlier this year. Carrier AT&T distributes the phones under the names Fusion Z, Motivate, and Maestro Plus through its own…
Fuel giant BP Australia has joined 7-Eleven and pulled two “M+” rated magazines from its 350 petrol outlets across the country after complaints they sexualized young girls and promoted harassment. People and The Picture magazines, published by Bauer, will be…
East Japan Railway Co. is expanding its operations into Singapore with new JR East metro station stores launching in island’s metro stations. The firm is planning to set up store clusters at 27 out of the 32 stations on the Thomson-East Coast Line, which will…
Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. A 15-month study of electric…
The leader of Caltex Australia for the past decade has announced his upcoming retirement. Managing director and chief executive Julian Segal, who started at the petrol and convenience business in 2009, will stay on board until a suitable replacement is found.…
Electric vehicle-maker Tesla is updating some of its supercharger stations to limit the top state of charge (SoC) to 80 percent at busy stations to reduce wait times. “The limit will be enforced at 8 percent of the stations 24/7, while the rest will be…
Parkson Retail Group is preparing to occupy a complex above Nanjing Railway Station in Chinese Jiangxi. The group, a Hong Kong-listed firm controlled by Malaysian Parkson Holdings Bhd, won its US$6.1 million bid for the tenancy of buildings above the Bayi…
Kia Motors America (KMA) in partnership with Amazon Home Services has announced a new program for its plug-in vehicle customers. The program will see Amazon sell and install electric vehicle charging stations at the customers house or office. The tie-up makes…
PT Pertamina reported US$1.83 billion (Rp23.8 trillion) in net profit in the first half of the year, or an increase of 221 percent from the same period last year. Chief Executive of the state-owned energy company Dwi Soetjipto attributed the increase in…
Temanggung administration will establish a local tv station as a medium for education in current globalization era. Temanggung administration official, Suyono, in Temanggung on Friday, May 27, 2016, said before the construction of the tv station building, his…
