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Government spending on infrastructure has been chronically low in the Philippines (pictured) and Indonesia, and almost non-existent in Thailand, the UNESCAP reported.
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A US$4.8 billion offer by FedEx to acquire integrator TNT would boost its position in the European express market, but would have limited impact in Asia, the Pacific and most other markets.
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Zim’s board of directors have given approval for the line to launch a new Asia/USEC service during late May, using its own tonnage.