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Thailand plans opening its borders for high-spenders

Bloomberg Thailand’s plan to target high-spending foreigners to kick-start its travel sector has a green light after winning Cabinet approval and additional support from the nation’s aviation regulator. The Southeast Asian nation lifted on July 1 a near-total ban on foreign travellers. The majority of arrivals in the initial phase will be foreigners with direct ties to Thailand — such ...

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‘Philippine records’ left false trail for Wirecard executive

Bloomberg Faked immigration records in the Philippines were used to throw off authorities seeking a former executive at Wirecard AG, who went missing after the German firm was implicated in an accounting scandal. Immigration records seemed to indicate that Wirecard’s former second-in-command Jan Marsalek passed through the Philippines late last month. But video footage, airlines manifests and other records confirm ...

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Ambani’s Jio adds Intel backing with stake sale

Bloomberg The technology venture of billionaire Mukesh Ambani secured 18.95 billion rupees ($253 million) from Intel Capital, adding to a slew of investments since April that have reached more than $15 billion. The investment arm of computer chip giant Intel Corp agreed to buy a 0.39% stake in Jio Platforms Ltd, giving the business an equity value of $65 billion, ...

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