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Thailand: State banks urged to study 0% interest rates

The Finance Ministry has asked state-run banks to consider lowering interest rates to 0% until the end of this year as part of the government’s efforts to curb household debt, compounded by the outbreak. Permanent finance secretary Krisada Chinavicharana said Finance Minister Arkhom Termpittayapaisith held a meeting on Monday with state financial institutions to discuss […]

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Thailand: Cabinet approves Phuket sandbox

The cabinet on Tuesday approved the Phuket sandbox tourism scheme that sees the island reopen on July 1, followed by a trio of destinations in the Gulf of Thailand — Koh Samui, Koh Phangan and Koh Tao — on July 15, allowing in fully vaccinated tourists from some countries. Government spokesman Anucha Burapachaisri said the […]

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Singapore, Vietnam discussing ways to prepare for resumption of travel for business and to ‘selected’ tourism sites

SINGAPORE: Singapore and Vietnam are discussing ways they can prepare to “gradually and safely” resume business travel and travel to “selected tourist sites”, said Singapore’s Foreign Affairs Minister Vivian Balakrishnan on Wednesday (Jun 23). Dr Balakrishnan said this will “hopefully” be done by the end of the year. The minister was wrapping up his four-day visit to Hanoi. It marked the […]

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