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Thailand: FTI calls for state clarity on reopening businesses

The Federation of Thai Industries (FTI) is calling on the government to provide clear guidelines for businesses reopening in May to prevent a second wave of Covid-19 infections. Supant Mongkolsuthree, chairman of FTI, said the government should build confidence through its measures to control the spread of the virus. “Businesses agree with the government on easing […]

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COVID-19 risks inflicting long-term economic pain on Myanmar

Even before COVID-19 hit Myanmar, businesses in the commercial capital were struggling. Ko Thaw Zin, who runs his own restaurant in Yankin township, struggled with a shortfall in revenue due to dwindling tourist arrivals as well as rising costs brought about by a government move to raise electricity tariffs – a move it said would end debilitating […]

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Crude crash ruins Singapore oil tycoon

SINGAPORE: Singapore tycoon O.K. Lim built up his oil empire from a single-truck outfit through hard work and high-risk gambles, a rags-to-riches tale that made him a legend among crude traders. But it all came crashing down when oil markets were plunged into unprecedented turmoil by the coronavirus pandemic and revealed the keen poker player […]

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