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Thailand could benefit as India’s sugar output set to drop 7%

SOLAPUR/KOLHAPUR/LATUR, India: India’s sugar output is likely to fall 7% this year as erratic weather conditions have cut cane yields, which could dampen exports from the world’s biggest producer of the sweetener, farmers, millers and traders said. Lower sugar exports from India, also the world’s second biggest exporter, could lift global prices and allow rivals Thailand […]

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Philippine pushes cross-border real-time payments

MANILA, Philippines — The Philippines is pushing an initiative of the Bank for International Settlements (BIS) to develop a multilateral solution connecting the real-time payment systems of participating countries, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said the Philippines recently signified interest to join the initiative of the BIS Innovation Hub […]

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Thailand: Tourism banking on Russia

Before Covid-19, Russian tourists were among the top source markets for the local tourism industry. Although the Russian market has spiked since October, Pattaya operators are worried about the slow resumption of chartered flights to U-tapao airport, which is struggling to meet demand as capacity is currently half the pre-Covid level. At present, there are chartered […]

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