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Thailand: BoT opens up Debt Clinic services to more borrowers

The Bank of Thailand has eased the conditions of the Debt Clinic’s unsecured loan restructuring programme to let more borrowers apply for debt solutions, with additional restructuring options. The new conditions became effective on Sept 8. According to the central bank’s announcement, it is allowing borrowers who were classified as non-performing loan (NPL) clients of financial […]

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Thailand: Nationwide flooding slows tourism

The impact of flooding in 21 provinces nationwide is expected to slow tourism activities in the third quarter and corporate travel in particular, while pent-up demand from delayed trips might cause congestion in the final quarter. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the third quarter was normally the peak time for corporate trips […]

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Thai rice exports up 53% this year

Thailand exported 4.75 million tonnes of rice during the first seven months of this year, up 53% compared to the same period last year, said government spokesman Anucha Burapachaisri on Sunday. The government is certain it will reach its 7.5-million-tonne export target by the end of 2022. Speaking at a media gathering, Mr Anucha said the […]

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Thailand: New BoT study explores inflation data

The Bank of Thailand’s Puey Ungphakorn Institute for Economic Research (Pier) forecasts the country’s high inflation rate will unravel naturally in the medium to long term because rising inflation is mainly a result of specific factors rather than macroeconomic issues. According to Pier’s research on the country’s rate of inflation, the specific factors represent 85% of […]

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