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US, China, UK key offshore target markets for Australia, says HSBC report

April 9, 2018

SYDNEY - Australian companies are concerned about the cost of rising protectionism, but remain optimistic about their cross-border prospects, according to new research HSBC Commercial Banking. The survey reveals that, within the next three to five years, Australian firms plan to expand their business activities in the US (18%), China and the UK (both 17%).

World air freight up 6.8% in February, but markets cooling: IATA

April 5, 2018

GENEVA - The International Air Transport Association (IATA) has released demand growth results for global air freight markets for February 2018 showing a 6.8% on-year increase in demand measured in freight tonne kilometres (FTKs). Adjusting for potential Lunar New Year distortions by combining growth in January 2018 and February 2018, demand increased by 7.7%, the strongest start to a year since 2015.

Bank of Thailand lifts growth forecast, holds rates steady

March 28, 2018

BANGKOK - The Bank of Thailand has upgraded its GDP growth forecast to 4.1% for 2018 from 3.9% previously, and expects 4.1% growth in 2019 as well. The bank said primary drivers underlying this revision were: (1) continued strength in exports and tourism flows; (2) ongoing increase in public expenditure, which is also starting to crowd in privateinvestment; and (3) moderate improvement in private consumption.