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Thailand: Economy may miss forecast if virus outbreak prolonged – BoT minutes

Thailand’s economy faced significant downside risks and limited policy room should be preserved to be used for the most effective time, the central bank’s minutes of its last meeting showed on Wednesday. A prolonged coronavirus outbreak could cause Southeast Asia’s second-largest economy to underperform the baseline projection, squeezing business liquidity and slowing employment, the meeting minutes said. […]

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Laos enjoys trade surplus in controlled goods via VN

Laos enjoyed a trade surplus in controlled goods through Vietnam in the first six months of 2021 despite the transport difficulties caused by Covid-19 prevention measures. The total value of the trade in imports and exports of controlled goods through Vietnam in the first six months of this year was about $314 million, of which […]

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Cambodia: Fast payments in tourism to get leg-up

The Ministry of Tourism plans to spearhead a bigger push for digital technologies, particularly in rapid-payment systems, and harness next-level innovations to guide the ailing tourism sector out of its Covid nightmare and chart a prosperous post-pandemic path. This endeavour comes amid government plans to reopen the tourism industry in the fourth quarter of this […]

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Thailand: FTI demands expedited vaccinations

The Federation of Thai Industries (FTI) is urging the government to vaccinate 70% of the population earlier than planned as the country cannot wait until December, with risks mounting if a fourth outbreak is caused by the virulent Delta variant. The federation made the call as health authorities on Tuesday warned the Delta strain was rapidly […]

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Thailand: CPI rises for a third consecutive month

The consumer price index (CPI), a gauge of headline inflation, rose for a third straight month in June, but at a slower pace from the previous two months. The Commerce Ministry reported yesterday that inflation was 1.25% in June after tallying 2.44% in May and 3.41% in April, the first uptick since March 2020 and […]

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Lao Kip Depreciates against Foreign Currencies

The Lao kip has continued its depreciation against foreign currencies, affecting the cost of living amid the Covid-19 pandemic. In recent months, a mismatch in supply and demand has increased the gap between official and parallel market currency rates, putting importers under pressure and increasing inflation. Official exchange rates set by the Bank of the Lao […]

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