Government spending on infrastructure has been chronically low in the Philippines (pictured) and Indonesia, and almost non-existent in Thailand, the UNESCAP reported.
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.
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.
