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Thailand: Section 44 to fire up EEC development

The government agreed yesterday to invoke the powerful Section 44 of the interim charter to speed up investment in the much-touted Eastern Economic Corridor (EEC), unlocking limits and streamlining procedures regarding environmental impact assessments (EIAs) and the public-private partnership (PPP) model. Sansern Kaewkamnerd, a government spokesman, said using Section 44 to facilitate EEC investment was […]

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Thailand: Developers dip in Q1 after 2016 tax incentives

The top five residential developers posted a year-on-year decline in revenue in the first quarter of 2017, reflecting a drop in the number of newly transferred and registered housing units after property tax incentives expired in April 2016. Pruksa Real Estate, a property development arm of SET-listed Pruksa Holding Plc that posted the highest revenue […]

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Thailand: Consumer goods outlays weak

Consumer goods makers have expressed concern about tepid domestic consumption this year and are adjusting their strategy to cope. Leading consumer brands such as Lactasoy soymilk, Mama instant noodles, Morakot palm oil and Koh-Kae snacks agree consumer spending power was weak in the first quarter of 2017. Jariya Chirathivat, president of the Thai Retailers Association, […]

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Thailand: Exports climb for a second month in April

Thai exports expanded for a second straight month in April, boosted by the global economic recovery and higher prices for farm products and oil. The Commerce Ministry yesterday said customs-cleared outbound shipments rose by 8.5% year-on-year in April to UScopy6.9 billion after a 9.2% jump in March. “Shipments fared well in almost all markets,” said […]

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KBank broadens SME support in Myanmar

KASIKORNBANK is stepping up its support of small and medium-sized enterprises in Myanmar where they make up more than 90 per cent of all businesses in the country. KBank, which styles itself as a champion of small business, has been helping entrepreneurs in Myanmar over the past three years, with short training sessions focused on […]

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