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Thailand: CP chicken plant closed due to bug outbreak

A chicken processing plant owned by Charoen Pokphand Foods Plc (CPF) in Saraburi’s Kaeng Khoi district has been closed for five days to be disinfected, after 391 of its workers were found to be infected with Covid-19. Despite the outbreak, the Department of Livestock Development said products processed at the factory are not contaminated and […]

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Thailand: Interest rate cut for loan defaulters

Parliament has approved an emergency decree to amend the Civil and Commercial Code to reduce the interest rate charged for loan defaults which has been used for almost a century. Finance Minister Arkhom Termpittayapaisith said the law would be amended during the prolonged Covid-19 pandemic to help debtors who are having to pay interest as […]

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Capital Economics trims anew Philippine growth forecast

MANILA, Philippines — London-based Capital Economics further slashed its gross domestic product (GDP) growth forecast for the Philippines this year following a disappointing performance in the first quarter. In its latest chart book, the think tank said it now expects the Philippines to grow by six percent in 2021, which means the country might reach […]

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