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Thailand: Consumers hold recession fears at bay

Heightened worries about the strength of consumers and the global economy have been put on hold — at least for now — after some of the world’s best-known companies delivered a slew of better-than expected numbers. Unilever Plc on Thursday reported sales that topped expectations, keeping up the surprises after Nestle SA kicked off the week […]

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Thailand: Tourism likely to disappoint next week

With a long holiday slated for next week, Pattaya and Rayong tourism operators do not expect an influx of domestic tourists as people’s purchasing power has dried up since the Songkran festival. Sanpech Supabowornsthian, president of the Thai Hotels Association’s eastern chapter, forecast the occupancy rate in Pattaya would hover around 65-70% during the upcoming holidays, comprising […]

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