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Thailand: Somkid optimistic about Q2

The economy is expected to maintain its momentum in the second quarter, with Deputy Prime Minister Somkid Jatusripitak expressing confidence that the second quarter’s economic performance is unlikely to be lower than the 3.3% recorded in the first quarter.  Growing exports will be instrumental to the country’s growth in the second quarter, Mr Somkid said yesterday […]

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Thailand: Labour recall costs hit home

Thai restaurants, in particular small and medium-sized ones, are seeking help from the government with the cost of bringing back foreign staff who fled across the border following the initial launch of a new labour law last month. After an outcry from businesses, the implementation of the new Royal Decree on the Recruitment of Foreigners was delayed […]

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Thailand: Baht’s sharp rise on BoT radar

The Bank of Thailand has acknowledged the baht’s rapid climb against the US dollar recently, a movement that it says warrants close monitoring.  “Even though the baht’s strengthening is in tandem with the movement of other currencies in the region, the baht in the recent period has gained in value rather fast,” said Mathee Supapongse, the […]

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Thailand SMEs: Small, significant and struggling

Small and medium-sized enterprises (SMEs) are considered the backbone for propelling economic growth.  But a new chapter unfolding in the chronicle of SMEs has a rather dismal narrative as they too are feeling the pain of limited financial assistance and prolonged economic wobbles.  There appears to be no end in sight to their struggles as […]

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