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Thailand: BoI expects 12% rise in investment pledges

The Board of Investment (BoI) expects to receive investment proposals of 720 billion baht ($22.56 billion) this year, up 12% from 2017, it said on Friday. In 2017, foreign and domestic firms applied to invest about 642 billion baht, topping the 600 billion baht target, Board of Investment secretary-general Duangjai Asawachintachit said. The board did not […]

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Thailand: Foreign funds drive baht

Year-to-date net foreign inflows into Thai bonds have reached 47 billion baht, with foreign investors viewing Thailand as a destination to park their funds. Some have fingered the movement as the source of the baht’s strengthening value. The baht rose 0.3% Thursday to a nearly 3½-year high of 32.02 against the US dollar. The baht […]

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Thailand: Private sector urges BoT to act on baht

The private sector has asked the government and the Bank of Thailand to hold a meeting on finding ways to curb the baht’s rapid gains, which is putting the baht among the top-performing currencies in Asia. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will propose next week that policymakers meet, said committee […]

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Leaders endorse new strategies at summit

Leaders from the six countries that the Mekong River runs through yesterday endorsed two key strategies at the latest summit of the Lancang-Mekong Cooperation (LMC), which was held in Phnom Penh’s Peace Palace. The Phnom Penh Declaration was one of the documents approved, an action plan that focuses on four main areas: political and security […]

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Thailand: State keen to retain border trade growth

Thailand’s border trade is expected to grow 10-14% this year from an estimated 1.6 trillion baht in 2017, driven by growing demand for Thai goods, underlining the importance of partnerships on trade and investment as well as working to improve trade with minor cities in neighbouring countries. Adul Chotinisakorn, deputy director–general of the Foreign Trade […]

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Thailand – Ministry: B100bn to EEC in 2018

The Industry Ministry is confident that investment value in the flagship Eastern Economic Corridor (EEC) will reach 100 billion baht in 2018, thanks to the rise of new S-curve industries. Industry Minister Uttama Savanayana said the EEC will be a key economic engine to beef up the country’s GDP and improve competitiveness at the global […]

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