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Tech giant FPT reported a 23.7% year-on-year rise in pre-tax profits in the first seven months of the year to VND4.24 trillion ($181.19 million). Revenues were up 22.2% to VND23.22 trillion. All the company’s major businesses saw revenues rise by double digits. Revenues from its technology business rose 22.1% to …

South Korea’s President Yoon Suk-yeol pardoned Samsung Electronics Vice Chairman Jay Y. Lee on Friday. South Korea’s Justice Ministry saying the business leader was needed to help overcome a “national economic crisis”. The pardon is largely symbolic, with Lee already out on parole after serving 18 months in jail for …

Insurance companies reported double-digit falls in profits for the second quarter despite rising revenues after their securities market investments returned losses. Baoviet Insurance, the biggest player, saw profits plummet by 28% year-on-year to VND317 billion ($13.55 million). Petrolimex Joint Stock Insurance Company (PJICO)’s profits tumbled by 30% to VND73.9 billion, …