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Companies

Philippines' San Miguel eyes Malaysia's state assets sale

Company chief sees opportunities in Mahathir's drive to cut debt

  © Reuters

MANILA -- San Miguel, the Philippines' largest company by sales, is eyeing the acquisition of state-owned assets in Malaysia, as the government of Prime Minister Mahathir Mohamad looks to trim the country's debt.

San Miguel President and Chief Operating Officer Ramon Ang said he expects the Malaysian government to unload some of its assets following revelations that the country's debt was higher than previously claimed.

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