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Kroger Co and Albertsons Cos have spent more than US$800mil on fees to lawyers, bankers and advisers for their proposed merger, underscoring the high costs of trying to complete the largest ever tie-up between two US grocery chains.
Malaysia is raising tax revenue from its large informal economy. But how much can it reap?
PETALING JAYA: The managing director of Malaysia’s largest tobacco company has retired just as the firm reported its worst net profit since its merger two decades ago.
PETALING JAYA: The country’s largest tobacco company, whose share price had seen a sharp fall in recent weeks, said its stock performance was not reflective of the company’s strength and quality, but rather the failure to tackle the rising illegal cigarette trade.
KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) reported its fourth straight years of declining revenue and profits, as rampant illegal cigarette trade continued to gain market share at the expense of legal players.
