Transportation Minister Budi Karya Sumadi said Monday that the Japan-backed Patimban seaport is expected to be the logistic hub for goods shipped to and from eastern Indonesia to Java Island, complementing the busy Tanjung Priok Port in Jakarta. Tanjung Priok Port will then primarily handle shipments that are bound and coming from the western part […]
Read MoreMalaysia’s flagship budget carrier AirAsia Group Bhd has given its strongest indication to date that it could exit India, saying on Tuesday it was reviewing its investment in a joint venture airline there. The group said in a statement that its operations in India, like those of its now-shuttered Japan business, have been draining cash […]
Read MoreCivil Aviation Department has announced that the domestic flight ban, which ended on November 15, until November 30 amid rising COVID-19 cases in the country Myanmar has imposed the restrictions on domestic air travel since September 11 after locally transmitted COVID-19 cases soared starting from late August. The country also extended the international flight ban, […]
Read MoreThe Bank of Thailand has been studying a warehousing concept that allows commercial banks to sell commercial loans parked in funds of asset management companies at prices acceptable to both the creditor and borrower. Given the difficulties amid the Covid-19 crisis, some businesses have had to temporarily close and wait for economic conditions to return to […]
Read More[LONDON] Paris and Zurich have joined Hong Kong as this year’s costliest cities worldwide, while Singapore and Osaka have slipped from their joint-top spot after the coronavirus pandemic weakened the dollar, a survey published Wednesday showed. The biggest mover was Tehran, which jumped 27 places on US sanctions, The Economist Intelligence Unit added in its […]
Read More[JAKARTA] Indonesia’s chief economic minister said on Wednesday he hoped Southeast Asia’s largest economy would continue to recover in the fourth quarter, forecasting gross domestic product would come in within a range of -1.6 per cent to 0.6 per cent on an annual basis. The economy shrank 5.32 per cent and 3.49 per cent in […]
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