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Thailand – BoT: External stability strong, economy recovering

Thailand’s external stability is sound with low foreign debt, while the economy is recovering steadily on increased tourism and domestic spending, the Bank of Thailand (BoT) said. The central bank’s gradual and measured policy normalisation remained an appropriate approach, with inflation expected to return within the bank’s target range of 1% to 3% in the second […]

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Philippines: Lower air fares in April as fuel surcharge drops

Airlines preparing for travel boom MANILA, Philippines — Domestic carriers Philippine Airlines (PAL), Cebu Pacific and AirAsia Philippines will cut ticket prices in April in compliance with the directive to reduce fuel surcharge. PAL, Cebu Pacific and AirAsia Philippines yesterday confirmed that air fares will drop in April just in time to serve the projected […]

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Thais urged to monitor rates

Thai exporters and importers are being advised to closely monitor the exchange rate and develop appropriate strategies to cope with the impact of short-term foreign exchange fluctuations. According to Poonpong Naiyanapakorn, director-general of the Trade Policy and Strategy Office (TPSO), the office expects exporters to be affected by volatile exchange rates caused by the impact of […]

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