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Indonesia to have world’s fourth-largest air passenger market by 2039: IATA

The International Air Transport Association (IATA) projected Indonesia’s air passenger market to become the fourth-largest globally by 2039, jumping from 10th position in 2019 thanks largely to travel demand from the country’s growing middle class, according to an official. IATA Asia Pacific member external relation assistant director Kelvin Lee said on Tuesday that the growth […]

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Cambodia: PPAP maintains stable revenue in pandemic

Cambodia Securities Exchange (CSX)-listed Phnom Penh Autonomous Port (PPAP) has maintained a stable financial position during the first 10 months of 2020, despite the economic headwinds posed by the pandemic. According to unaudited documents submitted to the Securities Exchange Commission of Cambodia and released by the CSX on Tuesday, PPAP’s 2020 October monthly revenue was […]

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Philippines: Credit growth slumps in September

Slowest in 13 years MANILA, Philippines — Credit growth slumped to its slowest pace in more than 13 years as banks are more cautious because of the growing number of loan defaults despite the regulatory relief measures extended by the Bangko Sentral ng Pilipinas (BSP). Preliminary data from the BSP showed loans extended by big […]

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Thailand: BoT, Finance Ministry wrangle baht

The Finance Ministry has discussed managing the baht’s movements with the Bank of Thailand in a bid to help exporters and recoup the economy amid a tourism slump. The export sector plays an important role in helping stimulate the economic recovery as the tourism industry remains battered by adverse effects stemming from the pandemic, said […]

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