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Indonesia, India sign business-to-business agreement on palm oil

Indonesian and Indian businesspeople signed on Monday a business-to-business agreement on palm oil to build communications between producers and consumers of the commodity. The agreement, a memorandum of understanding (MoU) on sustainable palm oil production, was signed by the Indonesian Palm Oil Board (DMSI), the Solvent Extractors Association (SEA) of India and civil society organization Solidaridad […]

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Bank Indonesia records $358.6b in foreign debt in May

Bank Indonesia recorded US$358.6 billion in foreign debt in May, a 0.2 percent increase from the $358.09 billion recorded in April. Foreign debt grew 6.8 percent year-on-year (yoy) in May, lower than the growth in April at 8 percent yoy. Government debt was recorded at $182.5 billion, while private debt hit $176.1 billion. The majority of government debt ($124.6 billion) was in […]

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Thai Industry’s Moment of Opportunity

The world is changing, and business in Thailand must understand the drivers of this change. This is why, as I enter my third decade in Thailand’s industrial sector, I believe it is more vital than ever for every business to observe international megatrends – changes which will transform societies and influence the direction of life […]

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Thailand: Banks feel dropped-fee pinch

The banking industry is expected to announce 10% lower earnings for the second quarter than the previous quarter, mostly attributed to the decision to eliminate fees for digital transactions.  KGI Securities forecasts the combined net profit of nine listed banks in the second quarter of the year at 46.05 billion baht, down 10.7% quarter-on-quarter, but increasing […]

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