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Thailand: Baht appreciates to 30-month high

The baht rose to 32.95 versus the greenback Thursday, hitting a 30-month high, with Bank of Thailand governor Veerathai Santiprabhob saying the firmer baht is in line with regional peers, driven by the US dollar’s retreat. The dollar is weakening because of uncertainties regarding the US tax reform plan, Mr Veerathai said. “The baht is […]

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Thailand – BoT: Consumption eroded by high debt

Swelling household debt is a major factor diminishing the purchasing power of lower-income earners, despite the improving economic recovery, says the Bank of Thailand’s chief. “Despite the rebounding economy, most Thais are not experiencing improvement because their debt burden is pressuring their purchasing power. The Bank of Thailand is working on this problem,” Bank of […]

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Thailand: Customs improvements to lift ranking

Finance Minister Apisak Tantivorawong set his sights on solving obstacles to international trade as part of the government’s relentless effort to lift its ranking in the World Bank’s ease of doing business report next year. Even though Thailand jumped to 26th in the 2018 report from 48th the previous year, on the international trade section […]

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Growth ‘vital for Asean success’

Asean has high potential to build up regional prosperity and stability but, to be successful, the regional bloc needs robust internal growth, regional integration, and strong collective leadership, former Singapore premier Goh Chok Tong says. Mr Goh, also Emeritus Senior Minister, said the important task for current and future Asean leaders is to help Asean […]

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MVP urges ASEAN businesses to invest in digital technology

MANILA, Philippines — Tycoon Manuel V. Pangilinan rallied businessmen in the 10-member Association of Southeast Asian Nations (ASEAN) to invest in digital technology, saying this is necessary for the economic bloc to fully evolve. Leading the panel on entrepreneurship in the digital economy during ASEAN Business & Investment Summit Tuesday, Pangilinan said it is important […]

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