Bloomberg Thailand’s cabinet on Tuesday approved a bid by a consortium led by BTS Group Holdings Pcl for an airport development project worth 290 billion baht ($9 billion). The project will add a third passenger terminal at the U-Tapao International Airport near Pattaya, which in normal times is a tourist hot-spot, and develop other facilities like air cargo and aviation ...

Bloomberg Air Mauritius administrators are running out of time to save the airline as recurrent expenses pile up, costs of servicing leases for new aircraft accumulate and unions fail to give constructive proposals on job cuts. By the end of March 2021, cumulative losses could reach 9 billion rupees ($225 million) if costs are not cut in the short term, ...

Bloomberg Hong Kong’s retail activity extended a decline in April as the coronavirus pandemic continued to constrain global travel. The city’s retail sales by value fell 36.1% from year-ago levels to HK$24.1 billion ($3.1 billion), for a 15th consecutive monthly decline, according to a government release. That’s ahead of the median economists’ forecast for a 40% slump, according to data ...