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Xinhua Asia-Pacific news summary at 1600, Aug. 3

MANILA -- All 67 persons onboard a ferry boat that half-submerged Thursday afternoon off Quezon province in the south of Luzon island have been rescued, said the Philippine Coast Guard (PCG).

The passenger motorboat, carrying 60 passengers and seven crew, "half-submerged" while traversing the vicinity waters off Polillo island of the Quezon province at around 1:00 p.m. local time, the PCG said in a statement. (Philippines-Boat Accident,2nd LD Writethru)

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TOKYO -- Japanese gaming giant Nintendo Co. said Thursday that its net profit for the first quarter of the fiscal year jumped 52.1 percent from a year before.

Its profit attributable to owners of parent came in at a record 181 billion yen (1.27 billion U.S. dollars) during the April-June period, the company said in its financial results. (Japan-Nintendo-Q1 Results)

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BANGKOK -- Thailand's parliament said on Thursday that the upcoming vote to select a new prime minister would be postponed due to a pending court decision regarding the rejected renomination of Move Forward Party (MFP) leader Pita Limjaroenrat.

National Assembly President Wan Muhamad Noor Matha said the parliament postponed the vote scheduled for Friday as the Constitutional Court had not yet decided on the complaints over the prime ministerial vote and the Ombudsman Office's request to postpone the selection. (Thailand-PM Election-Postponement)

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KANDAL, Cambodia -- Connecting the Cambodian capital Phnom Penh's southwestern to eastern suburbs, the Chinese-funded third ring road will not only help avert traffic jams, but also improve transport of goods and logistics in the city.

The 53-km ring road, along with two river bridges and two flyovers, was constructed by the Shanghai Construction Group in a period of 52 months under concessional loan from the Export-Import Bank of China. (Cambodia-China-Ring Road,FEATURE)

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MANILA -- Economies in the Pacific are projected to grow collectively by 3.3 percent in 2023 and 2.8 percent in 2024 as the subregion continues to recover from the COVID-19 pandemic, according to the latest Asian Development Bank (ADB) report released on Thursday.

In the Pacific Economic Monitor (PEM), Papua New Guinea (PNG), the subregion's largest economy, is projected to continue growth due to increased output outside the resource sector. (ADB-Pacific-Forecast)