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THAI workers eager to save airline

Thai Airways International (THAI) workers’ union wants to join the state’s last-ditch efforts to save the airline from bankruptcy but called for a more active role in the rehabilitation process. The union, which represents 20,000 employees, stressed the need for it to participate more after learning about multiple restructuring proposals ranging from a reduction of […]

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Wholesale, retail trade up in Malaysia

KUALA LUMPUR (BERNAMA) – Malaysia’s wholesale and retail trade volume index grew by 1.5 per cent year-on-year (y-o-y) to 127.5 points in the first quarter (Q1) of this year compared with Q1 2019, according to the Department of Statistics Malaysia (DoSM). In a report released yesterday, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said […]

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Thailand: Finance Ministry to issue savings bonds soon

The Finance Ministry plans to offer special savings bonds worth 50 billion baht to the public to give taxpayers more investment alternatives to earn higher income as low interest rates and economic uncertainty prevail. The savings bonds, part of the government’s 1-trillion-baht borrowing plan to alleviate the damage from the pandemic, will be divided into […]

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Philippines: Hot money outflow highest in 6 years

MANILA, Philippines — The Philippines booked the biggest outflow in foreign portfolio investments in more than six years as global investors avoided the country while others cashed in on their holdings due to the coronavirus disease 2019 or COVID-19 pandemic. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the country recorded a net […]

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Thailand: Malls, gyms tipped to open next

Shopping malls, gyms and amusement parks, considered high-density venues, are expected to reopen next if the number of new Covid-19 infections continues to drop for another week. The Public Health Emergency Operation Centre held a meeting with representatives of eight business clusters in the kingdom to discuss preparations for the next stage of easing the […]

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