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Thailand: Gold prices down 200 baht

The Gold Traders Association on Tuesday morning announced buying prices at 19,298.68 baht per baht-weight for gold ornaments and 19,650.00 baht per baht-weight for gold bar.  Selling prices were set at 20,250.00 baht per baht-weight for gold ornaments, and 19,750.00 baht per baht weight for gold bar.  This means gold prices are down 200 baht […]

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Indonesia: Govt to Set Prices for Cheap Cooking Oil

TEMPO.CO, Jakarta – The Trade Ministry will determine the prices for cooking oil in similar ways to the domestic market obligation (DMO) scheme. “Cooking oil producers are obliged to have a percentage of their total production to be sold for a price set by the government,” Trade Minister Enggartiasto Lukita said in Jakarta, Tuesday, July 4. The […]

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Laos: New Thai labor rules send migrant workers packing for home

Fearful that Thailand’s new labor rules will get them into trouble, tens of thousands of migrant workers are returning to neighboring Myanmar, Cambodia and Laos, causing hardship to themselves and their Thai employers. Labor regulations that took effect June 23 could give foreign workers without proper permits up to five years in prison, while their employers could […]

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Indonesia sets tariff ranges for online car-hailing services

[JAKARTA] Indonesia set minimum and maximum tariffs for online car-hailing services in a bid to ensure comparable pricing with conventional transport providers and address complaints of undercutting, sending shares of the nation’s top two taxi firms soaring. Ride-hailing services such as US group Uber Technologies Inc, Southeast Asia’s Grab and Indonesia’s GO-JEK have heavily subsidised […]

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