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Thailand: Gasohol push, tourism drive to spur BCP growth

Mostly state-owned energy firm Bangchak Corporation Plc (BCP) expects its new gasohol product and the government’s domestic tourism stimulus package will improve its oil sales in the second half of the year, though year-end sales are expected to remain unimpressive. BCP president Chaiwat Kovavisarach said yesterday oil sales for the first half of the year […]

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Philippines supports direct shipping trade with special permits

Philippine Maritime Industry Authority (Marina) is supporting direct shipping trade within the Brunei Darussalam- Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) by issuing special permits to shipping lines wanting to expand. Marina Administrator Robert Empedrad has approved the amendment to the Marina Circular 2013-04, providing for the omnibus rules on the issuance of special permits for […]

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Philippines: ‘Contraction to worsen’

ADB sees Phl economy shrinking by 3.8% MANILA, Philippines — The Asian Development Bank (ADB) has further downgraded its economic forecast for the Philippines this year, citing a slowdown in consumption and investments in the first quarter amid the coronavirus pandemic. In its latest report, the Manila-based multilateral lender said it now expects the Philippine […]

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