compared to Q2/2018. This is in respect to China’s increase in Kerosene export by 30% compared to the same period of the previous year, leading to Jet/Kerosene excess supply in Asian market. Jet (Kerosene

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for consumption to decelerate. Government investment expanded as a result of the disbursement for mass transit and telecommunication projects, while private investment, in spite of signs of improvement

of infrastructure investment such as the Eastern Economic Corridor (EEC), mass transit trains and high-speed railways will bolster business sentiment. Moreover, there are indications that suggest

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