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Thailand: KBank foresees stronger baht next year

Kasikornbank (KBank) believes the baht will strengthen next year, dependent on internal factors after the US Federal Reserve eases its policy rate hikes. KBank adjusted its projection from a previous forecast of 37.50 baht to the US dollar at the end of 2022 to 35.25. The bank’s assessment is the baht will gradually appreciate to […]

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Singapore services receipts up 14.5% in Q3

SINGAPORE’S services industries saw their takings rise 14.5 per cent year on year in the third quarter, easing from the 15.6 per cent growth rate in Q2, according to Department of Statistics (Singstat) figures on Friday (Nov 25). On a quarter-on-quarter, non-seasonally-adjusted basis, business receipts were also up 3 per cent in Q3, extending the […]

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Thailand: Tourism workers face uncertainty

Roughly 23% of tourism operators are willing to increase their workforce, but some remain hesitant because of insufficient tourist demand, according to a study by the National Institute of Development Administration (NIDA). “The tourism sector remains bright to some extent as it started gaining momentum after Covid-19 regulations were lifted in the second half,” said Piriya Pholphirul, […]

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