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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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Thailand: November exports jump 24.7% y/y

Exports rose a more-than-expected 24.7% in November from a year earlier, Commerce Minister Jurin Laksanawisit told a news conference on Monday. That compared with a forecast for a rise of 18.0% in November in a Reuters poll and comes after October’s 17.4% increase. In January-November, exports rose 16.4% from a year earlier. Source: https://www.bangkokpost.com/business/2234979/november-exports-jump-24-7-y-y

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Thailand: Govt aims for 4% growth

The government will work to achieve economic growth of 4% next year despite a lacklustre recovery in tourism, according to Finance Minister Arkhom Termpittayapaisith. The ministry and the Bank of Thailand will work closely to coordinate financial and fiscal policies to ramp up growth to 4% next year, Mr Arkhom told an economic seminar at […]

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