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Thailand: Unemployment soars to 700,000 as factories close

The number of people claiming unemployment benefits has almost doubled to 700,000 people from December last year, with 140,000 registering in March alone. Thousands of workers have lost their jobs following some factory closures amid the Covid-19 outbreak, according to the Department of Labour Protection and Welfare (DLPW). Apinya Sujarittanan, director-general of the department, on […]

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Philippines: Rediscount rate for banks slashed

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has slashed its rediscount rate by 50 basis points to allow more banks to tap the facility to meet their temporary liquidity needs amid the coronavirus disease 2019 (COVID-19) pandemic. The applicable rediscount rate for loans under the peso rediscount facility was lowered to 3.25 percent […]

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Thailand: Ministry launches mobile fruit stores to roam capital

The Commerce Ministry yesterday introduced Thong Fah low-priced mobile fruit stores in pickup trucks, the latest move to dispose of abundant fruit during the harvest season. Commerce Minister Jurin Laksanawisit said the mobile fruit store initiative, in partnership with Talaad Thai market, is starting with 350 participating mobile stores that will peddle fruit along sois […]

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