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Indonesians urged to cut sugar consumption amid shortage

Bloomberg Sugar mills in Indonesia called on consumers to reduce consumption after shortages pushed retail prices to the highest in almost four years. Their plea comes as the world’s top sugar buyer faces challenges importing the sweetener due to tight global supplies and countries’ restrictions to prevent spread of virus, said Yadi Yusriyadi, senior adviser at Indonesian Sugar Association.

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Hong Kong gaming company Leyou gets a new buyout offer

Bloomberg Leyou Technologies Holdings Ltd has received a new non-binding takeover offer from a Shenzhen-listed rival gaming firm, according to people familiar with the matter. Zhejiang Century Huatong Group Co and Leyou’s controlling shareholder Charles Yuk are in talks after signing a memorandum of understanding, the people said. Century Huatong will likely kick off due diligence soon, said the people, ...

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Najib’s 1MDB trial to resume next week

Bloomberg The trial of Malaysia’s former leader Najib Razak for his alleged role in 1MDB will resume next week as the country relaxes its lockdown. All relevant parties including Najib have been told to attend court on May 13, said Deputy Public Prosecutor Ahmad Akram Gharib. The country allowed nearly all sectors of the economy to reopen starting on Monday ...

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