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Thailand: Foreign visitors to be allowed soon

The government will extend the state of emergency through October as it plans to reopen the country to foreign visitors. The Centre for Covid-19 Situation Administration chaired by Prime Minister Prayut Chan-o-cha on Monday approved the extension of the emergency decree through Oct 31, according to Deputy Prime Minister Wissanu Krea-ngam. The panel also approved […]

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Philippines: Foreign think tank sees 25 bps cut

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may bring the key interest rate down to 1.75 percent by year-end to support the economy amid the pandemic, according to London-based macroeconomy research firm Capital Economics. In a report, the think tank said the BSP may cut the main policy rate by 25 basis points […]

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Thailand: Opportunity knocks

Although sentiment among consumers and investors has not recovered from bruises of the Covid-19 pandemic, the business world is seeing more mergers and acquisitions (M&A) as conglomerates are taking advantage of the economic slowdown to restructure their businesses or capture prime assets at a discounted rate. Funding for the deals depends on a company’s financial […]

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