Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad.
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Commentary: Appreciation of Malaysian ringgit may not be sustainable in the long run
The ringgit’s recent appreciation has been attributed to sound government policies, but the strengthening may be transitory in nature, says an ISEAS - Yusof...