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Thailand: Of debt, cars and condos

A mountain of debt continues to shackle purchasing power in Thai households as they grapple with a harsh reality amid sputtering economic conditions. Household debt to GDP rose marginally to 78% as of last year’s third quarter from 77.9% at year-end 2017, but the debt value has risen considerably to 12.56 trillion baht from 12.1 trillion, […]

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Thailand: Somkid ready to apply for membership in CPTPP

Thailand looks set to announce an official plan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a newly formed bloc of 11 Pacific Rim nations excluding the US, in March during Deputy Prime Minister Somkid Jatusripitak’s visit to Japan. Mr Somkid, who is scheduled to visit Sendai, Hokkaido and Tokyo in the middle […]

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Thailand turns the tide on plastic

Startup producing water from air as a sustainable alternative to bottled water STAYING at a hotel on the Thai island of Koh Samui in 2015, Meghan Kerrigan noticed the four bottles of water she was given every day were clogging her bin with plastic. Outside her door, Chaweng beach was smothered in rubbish. It was […]

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Thailand: Somkid urges BOT action on baht

THE government’s economics chief has voiced his concerns over a strong baht with his central bank counterpart, citing the impact on farmers and calling on him to be ready to put the brakes on further gains in the currency. Deputy Prime Minister Somkid Jatusripitak yesterday said the government was worried that a chain reaction would […]

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