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Why Thailand’s dire economic outlook is worst in Asia

Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia. Gross domestic product is forecast to contract 8.1% this year, according to the Bank of Thailand. That’s worse than official forecasts […]

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Thailand: Headline CPI down 1.57%

The headline consumer price index (CPI) dropped 1.57% in June from a year earlier, a less than expected decline, commerce ministry data showed on Friday. The reading compared with a forecast for a fall of 2.80% in a Reuters poll, and May’s 3.44% decline. The core CPI index dipped 0.05% from a year earlier, the […]

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Maruhan Japan Bank Lao and Loca Laos Ink E-Commerce Deal

Japanese commercial bank Maruhan Japan Bank Lao and local ride-hailing service Loca Laos have inked a deal on an e-commerce automated settlement solution to be provided by the Japanese bank. A signing ceremony was held at Maruhan Japan Bank headquarters in Vientiane yesterday, with the agreement signed by Maruhan Bank Chief Executive Officer, Mr. Anthony Chin, and […]

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