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Thailand: Government bullish on export performance

The government is upbeat about export performance this year, projecting outbound shipments to grow by 16% to US$268 billion (about 8.5 trillion baht) boosted by a robust global economic recovery, higher rates of vaccination worldwide, and economic stimulus packages among major trading partners. For 2022, the Commerce Ministry forecasts export growth of 3.5-4.5%, reaching $278-280 […]

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Philippines: Recovery strategy to focus on poor

THE poor will be the focus of the government as the country recovers from the pandemic, Socioeconomic Planning Secretary Karl Kendrick Chua said. In a statement for the 2021 first semester poverty statistics report Friday, Chua said the government achieved four years ahead, or in 2018, the 2022 poverty goal of lifting six million Filipinos out of […]

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Bangkok housing prices dip to new low

Offering prices for residential units in Greater Bangkok during the third quarter of 2021 fell to the lowest level since the fourth quarter of 2016 because of the ailing economy, according to property website DDproperty.com. Country manager Kamolpat Swaengkit said 2021 was a challenging and volatile year for the property market as Covid-19 affected all […]

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Thailand: Omicron worries weaken baht

The baht opened at 33.61 to the US dollar on Tuesday,weakening from Monday’s closing rate of 33.59. The Thai currency is likely to move between 33.50 and 33.75 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might weaken due to the worry from the Omicron […]

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