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Thailand: Economy shrinks 6.4% in busy Q3

Thailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is the NESDC projecting the global economy […]

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RCEP impact on the Philippines

The big news on the sidelines of the closing session of the annual meeting of the 10-nation Association of Southeast Asian Nations (ASEAN) last Sunday was the virtual signing of the Regional Comprehensive Economic Partnership (RCEP), resulting in the creation of the largest free trade bloc in the world. It’s considered a powerful trade alliance […]

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Thailand: 11.4m families risk poverty

Around 11.4 million households are at risk of falling into poverty from the economic crisis caused by the pandemic, with the unemployment rate rising to 1.9% in the third quarter, says the state planning agency. Jinanggoon Rojananan, deputy-secretary general of the National Economic and Social Development Council (NESDC), said there are 637,000 households dependent on […]

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New Asean network to build logistics infrastructure

SINGAPORE logistics firm YCH Group is joining forces with VIetnam’s T&T Group  to lead the first project of the Asean Smart Logistics Network (ASLN). The ASLN is a new collaborative platform with a shared goal of smart and sustainable growth based on smart logistics infrastructure. Its aim is to support the Asean Connectivity Master Plan […]

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