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AirAsia Group eyes Cambodia with brand new airline venture

AirAsia Group is looking to Cambodia for potential expansion of its airline business, according to Bo Lingam, head of its new AirAsia Aviation Ltd holding company. AirAsia Aviation will combine its four airlines in Malaysia, the Philippines, Thailand and Indonesia as part of a group-wide business reorganisation to differentiate between its airline business and the […]

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Thailand: Bangkok’s long road to recovery

Before the pandemic, Bangkok was undoubtedly a top global tourist destination, with an inexpensive cost of living and plenty of accommodation on offer. The capital welcomed 66.9 million visitors in 2019, including 24.8 million foreigners, drawing in 1 trillion baht from them that year. From 2020 to 2021, arrivals in the capital slumped because of […]

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Philippines: BSP not keen on rate hike

MANILA, Philippines — Raising interest too soon due to increasing inflation pressures is seen to do more harm than good, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno, in a Viber message to reporters, said the uptick in inflation this year to 4.5 percent, higher than the BSP’s two to four percent […]

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Monetary tightening in Philippines unlikely for now

THE Philippine central bank chief said on Sunday that domestic inflationary pressures were driven by supply-related factors that do not require monetary policy intervention, and that tightening policy too soon would be more harmful than waiting. Inflation slightly eased in September to 4.8 per cent from a near three-year peak in August. “Since the inflation […]

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