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Thai oil demand finally recovering

Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, believes domestic demand for fuel has begun to return to pre-pandemic levels, except for jet fuel, consumption of which is expected to be back to normal by the end of next year. Demand for gasoline stood above 30 million litres a day and will grow […]

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Malaysia: Ringgit opens lower as US dollar gains momentum on retail sales data

KUALA LUMPUR, Nov 16 — The ringgit opened slightly lower against the US dollar as the greenback gained momentum ahead of the United States (US) October’s Retail Sales data which is expected to rise to 0.7 per cent month-on-month, based on consensus estimates, said an analyst. At 9am, the local note fell to 4.1630/1655 versus the greenback from 4.1600/1630 at yesterday’s close. […]

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Thailand: Economy to eke out 1.2% growth

The Thai economy is expected to grow by 1.2% this year, recovering from a 6.1% contraction in 2020, with next year’s expansion predicted to be between 3.5-4.5%, according to the National Economic and Social Development Council (NESDC). However, the state planning unit warns that in the year to come the government needs to focus on […]

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