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Indonesia: Vietjet Air launches new Ho Chi Minh City-Denpasar route

Vietnamese airline Vietjet Air on Wednesday completed its inaugural flight on the new direct route connecting Ho Chi Minh City and Denpasar, with the Indonesian government saying that the new route was expected to boost tourist arrivals from Vietnam to the country’s primary destination of Bali. Marketing development undersecretary Rizki Handayani of the Tourism Ministry appreciated Vietjet Air’s move to open […]

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Philippines: Factory gate prices rise slower in April

MANILA, Philippines — Factory gate prices grew slower in April after accelerating in March, the Philippine Statistics Authority (PSA) reported yesterday. Based on PPA data, the Producer Price Index (PPI) for manufacturing rose at a slower pace of 3.8 percent in April from 4.5 percent in March. PSA attributed this to contractions in eight industry […]

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Thailand: SCB aids SMEs in e-commerce

Siam Commercial Bank (SCB) has expanded trade finance credit lines for small and medium-sized enterprises (SMEs), aiming to reap opportunities from cross-border e-commerce.  The bank has increased total trade finance credit lines offered to SME clients by 1 billion baht per month since the start of the year.  The strategy to support growing SME loan […]

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Thailand: BBL looks to agents for expansion

Bangkok Bank (BBL) expects to finalise its banking agent appointments this year after negotiations with several potential partners, including MAI-listed Forth Smart Service Plc, the operator of Boonterm top-up machines.  The bank is considering the business feasibility of potential banking agents, particularly customer demand for transactions via the channel, as well as infrastructure base, security systems and […]

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