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New Tour Teaw Thai gets tepid response

The new Tour Teaw Thai, which helps subsidise 40% of tour packages of up to 5,000 baht to one million people, received lukewarm feedback from both travellers and tour operators despite the start of new travel season. From Oct 8-20, which was the starting period, only 383 tour packages had been sold from 255 available […]

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Philippines: Nine-month budget deficit exceeds P1 trillion

MANILA, Philippines — The Philippines incurred a budget shortfall of P180.91 billion in September, bringing the total budget gap from January to September to P1.139 trillion as the government’s pandemic-related expenses continue to surge, the Bureau of the Treasury (BTr) said yesterday. The nine-month deficit was nearly 30 percent higher than the P879.21 billion shortfall […]

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Thailand: Baht drops to its lowest in a month

The baht hit its lowest point in a month, opening at 33.05 to the US dollar, down from Monday’s closing rate of 33.15. The Thai currency is likely to move between 33.25 and 33.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon predicted that the baht would drift sideways. A factor that […]

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