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Thailand: Rate stands in tighter vote

The Bank of Thailand kept its policy rate unchanged yesterday, but the close vote of 4-3 added to the likelihood of the first rate hike in more than seven years at 2019’s final meeting in December. Four members of the Monetary Policy Committee (MPC) voted to hold the rate steady at 1.50%, while three voted for […]

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Thailand: New tourist draws added

In addition to the visa fee waivers approved last week, the cabinet on Tuesday approved more measures to lure foreign visitors. The measures include double-entry visas for six months and special discounts at Thai malls under the “Amazing Thailand Grand Sale: Passport Privileges” campaign, running from Nov 15 to Jan 15, 2019. The measures aim […]

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Thailand: Govt launches new palm oil strategies

The government is rolling out three measures aimed at tackling tumbling palm oil prices, including using it to produce electricity. Speaking after a cabinet meeting on Tuesday, government spokesman Buddhipongse Punnakanta said the cabinet took note of the Ministry of Agriculture and Cooperatives’ proposed measures intended to help shore up palm oil prices. He said 160,000 […]

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Thailand: CPN gathers partners for co-working space

Central Pattana Plc (CPN), the SET-listed retail and property developer under Central Group, has teamed up with Malaysian partners to open a co-working space business in Thailand next year. The partnership aims to increase customer traffic at malls as online shopping proliferates in Thailand, augmenting CPN’s office building business, and growing long-term income. Isareit Chirathivat, […]

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