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Indonesia: National Economic Recovery realization reaches Rp277.36 trillion

The 2021 state budget would keep changing through reallocation of various ministry/department expenditures to meet the dynamic demands amid this pandemic. Jakarta (ANTARA) – The realization of  budget for National Economic Recovery (PEN) program has reached Rp277.36 trillion, or 37.2 percent of the Rp744.75-trillion ceiling budget, on July 16, 2021, Finance Minister Sri Mulyani Indrawati said. […]

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Cambodia: Air passengers drop by 92 percent in first half

Air passengers handled through the three international airports in Cambodia dropped by 92 percent to 136,680 in the first semester of this year. Report from the Cambodia Airports, the company that manages the Kingdom’s international airports, showed that Phnom Penh International Airport (PNH) handled 120,922 passengers, a 89.4 percent decrease, while Siem Reap International Airport […]

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Moody’s trims Philippines GDP growth to 5.8%

MANILA, Philippines — Moody’s Investors Service is now looking at a slower rebound for the Philippines from the recession, lowering the country’s 2021 gross domestic product (GDP) growth forecast to 5.8 percent from the original target of 6.3 percent. In a report, the debt watcher said the degree and pace of recovery of the Philippine […]

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Brunei: Sustainable banking puts purpose beyond profit

With a sustained focus on digital transformation, Baiduri Bank’s launch of new platforms in March 2020 was timely to say the least. Looking forward, it must now continue in its mission to empower the community and promote sustainable banking Established in 1994, Baiduri Bank is a full-service bank serving individuals, business, corporate and institutional clients […]

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Thailand: Media spending to see 4% decline

The worsening pandemic situation and plunge in advertising budgets are expected to drive down media spending this year with a 4% year-on-year contraction to 72.1 billion baht — a critical situation for the industry, according to Media Intelligence (MI), a creative and media planning agency. “The government’s tough measure to curb Covid-19 infections and a […]

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Cambodia: Sahas E&C deal paves way for PPSEZ buyback

Bourse-listed Phnom Penh Special Economic Zone Plc (PPSEZ) confirmed that it has absorbed the outstanding 40 percent stake in Sahas E&C Co Ltd – paving the way for the company to press forward with its proposed share buyback. Sahas E&C was established in 2017 to provide in-house construction and engineering services for the SEZ. The […]

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