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Sharp to get loan extension, more time for Foxconn deal

Tokyo / Bloomberg Sharp Corp.’s banks are ready to push back the deadline for most of the company’s 510 billion yen ($4.5 billion) in loans and credit lines beyond March 31, people with knowledge of the matter said, giving the electronics maker more time to reach a renegotiated deal to be acquired by Foxconn Technology Group. The extension may be ...

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Myanmar grants 4th telecom license to Vietnam’s Viettel

Yangon / AFP Myanmar’s outgoing government granted the country’s fourth telecom licence to a joint venture owned by a Vietnamese operator and a local consortium that includes the military, state media reported on Saturday. The deal comes days before Myanmar’s army-backed government is scheduled to cede power to a civilian administration led by Aung San Suu Kyi’s National League for ...

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Thai exports in February back in positive territory

Bangkok / DPA Thailand’s exports in February swung back to positive territory for the first time in 14 months, with a value of US$18.99 billion (670.37 billion baht) — 10.27 per cent higher than in the same period last year — the Commerce Ministry said. However, the increase was irregularly large due to significant exports of gold and military-drill equipment, ...

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