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Thai companies eye food business opportunities in Laos

VIENTIANE (Vientiane Times/ANN) – The Thai companies PTT (Lao) Co., Ltd. and Zixgar Group Ltd. are looking at food business opportunities in Laos with a focus on travellers and office workers as their main customers. This sector is particularly appealing after the explosion in the number of coffee cafés, according to a government official. A Memorandum […]

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Thailand: Condo developers diversify into recurring income

The recent restrictive measures from the Bank of Thailand have continued to cast a shadow over Bangkok’s condominium market since the beginning of this year. Condominium sales have dropped, putting pressure on developer’s financial targets.  Some developers have sought to diversify their risk in pure residential development projects for sale by seeking to develop alternative sources […]

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Malaysian, global markets on edge on trade worries

PETALING JAYA: Global markets, including Bursa Malaysia, were on edge, following the steep overnight fall of US markets. The escalating trade war between the US and China caused the US markets to perform badly, with the Dow Jones falling 2.38% to 25,324.99 after China retaliated and said it would raise tariffs to as high as […]

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Bank of Thailand denies baht trickery

The Bank of Thailand insists it has not manipulated the baht to gain an advantage in exports amid speculation Thailand could be added to the US’s expanded watch list for currency manipulation.  The central bank regularly communicates with the US Treasury, telling it Thailand has not stepped into the foreign currency market to gain a […]

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