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Big C Hypermarket to Open in Laos Next Year

Big C, a Bangkok-based grocery and general merchandising retailer, has commenced construction of its first hypermarket in Laos, with plans to open its doors next year. Thailand’s second-largest hypermarket operator has operations in four countries, namely Thailand, Vietnam, Cambodia, and Laos. The new hypermarket which will open in Laos is part of the company’s expansion […]

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Thai central banker signals more hikes to win inflation fight

BANK of Thailand (BOT) governor Sethaput Suthiwartnarueput signalled that the central bank will stick to its gradual and measured monetary tightening to curb inflation, although price gains have returned to target. “I think we’re not done on the inflation front yet,” Sethaput said in an interview with Bloomberg Television’s Haslinda Amin in Bangkok on Monday […]

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IMF sees Philippine growth slowing significantly

MANILA, Philippines — The International Monetary Fund (IMF) is still expecting a significant slowdown in the economic expansion of the Philippines over the next two years despite the stronger-than-anticipated expansion in the first quarter. IMF mission head Shanaka Jay Peiris said the multilateral lender is sticking to its gross domestic product (GDP) growth forecast of […]

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Cambodia’s economy to stay healthy, says IMF

A senior official of the International Monetary Fund (IMF) said last week that Cambodia’s economy would stay healthier this year compared to other countries in the region thanks to the rapid socio-economic recovery, while its major trade partners are expected to achieve their respective high growths in the second half of this year, said a […]

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Bank of Laos Warns of Counterfeit Banknotes

The Bank of the Lao PDR (BOL) has issued a warning to citizens about counterfeit banknotes of LAK 100,000 and LAK 50,000 denominations. The bank said that it has been informed that counterfeit banknotes that have been photocopied onto plain paper and have fake security threads attached to them are now in circulation. The bank has provided […]

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