Briefs

Fraser and Neave Ltd, through its 55.5-per-cent held subsidiary Fraser & Neave Holdings Bhd, will inject over S$70 million (Bt1.8 million) in a capacity expansion to fuel its business growth in Malaysia.
The capital expenditure projects – which include a state-of-the-art aseptic cold-filling polyethylene terephthalate bottle line, a warehouse facility and an ultra-high temperature processing line – will boost the subsidiary’s total asset value in Malaysia to RM1.9 billion (Bt16.7 billion). The projects are part of the subsidiary’s S$102 million capital expenditure committee, F&N said in a statement yesterday. – The Straits Times

EXPEDIA AND AMADEUS INK DEAL

Expedia Inc and Amadeus IT Group have announce a new long-term global agreement.
The agreement enables Expedia to offer air, car, rail, cruise, and hotel products through the Amadeus global distribution system, and adds Orbitz Worldwide brands in addition to the Expedia, Hotwire, Travelocity, Wotif Group, Expedia Affiliate Network and Egencia brands covered by the previous agreement.
The agreement builds on the companies’ established Upgrade Options partnership. Expedia said the deal ensured continued innovation for the more than 8.6 billion flight searches Expedia customers conduct every year. Expedia offers Upgrade Options for multiple carriers in North America and Europe as well as pre-paid, checked baggage offerings on certain sites.

VN RATING OUTLOOK REMAINS STABLE: S&P

Standard & Poor’s (S&P) last week assigned Vietnam a credit rating of “BB-/B” with a “stable” outlook, unchanged from the ratings announced in March 2015, the country’s Ministry of Finance announced.
The “stable” outlook reflects Vietnam’s economic growth, while macroeconomic factors have been positively recognised with the improved outlook by the agency and the investors. The factors that contributed to the positive S&P ratings include a relatively diverse and flexible economy and a per capita income of US$2,200 this year. – Viet Nam News