SEOUL -- Chung Euisun, heir of South Korea's biggest carmaker Hyundai Motor Group, was officially inaugurated as the group chairman, the company said Wednesday.

Hyundai Motor, Kia Motors and Hyundai Mobis, the group's three major affiliates, separately held board meetings, unanimously endorsing the inauguration of Chung as the new chairman of the group. (S.Korea-Hyundai Motor-Chairman)

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MANILA -- At least 4.8 million Filipinos in the tourism industry have been affected by the COVID-19 pandemic, Philippine Tourism Secretary Bernadette Romulo-Puyat said on Wednesday.

Puyat also told an online news conference that so far 77 percent of international tourism revenues year on year have been lost due to the ban on international tourist arrivals. (Philippines-Tourism Industry)

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BEIJING -- Chinese stocks closed lower Wednesday, with the benchmark Shanghai Composite Index down 0.56 percent to end at 3,340.78 points.

The Shenzhen Component Index closed 0.78 percent lower at 13,691.04 points. (China-Market-Stocks)

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DHAKA -- The International Monetary Fund Wednesday predicted 4.4 percent economic growth for Bangladesh for the fiscal year 2020-21 (July 2020-June 2021).

The Washington-based lender made the projection in its latest World Economic Outlook (WEO), which was published on its website. (GDP-IMF) Enditem

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