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Thailand: Virus poses no barrier to RCEP negotiations

Travel restrictions due to Covid-19 prevention measures presented no hurdle for the Regional Comprehensive Economic Partnership (RCEP) which harnessed video conferencing to speed up trade negotiations. The pandemic was expected to hamper already delayed RCEP negotiations because scheduled meetings were cancelled to follow travel ban lockdown measures in member state countries. Ronnarong Phoolpipat, Commerce Ministry […]

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Thailand: Further reopenings set for June

Boxing stadiums, massage parlours, spas, cinemas, convention venues and tutorial schools are among the moderate-risk category of businesses and activities expected to be allowed to reopen for the third stage of Covid-19 lockdown easing next month. However, pubs, bars and night entertainment venues will remain closed. Tanarak Plipat, the deputy director-general of the Disease Control […]

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Thailand: Household debt risks boiling over

The country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit Bureau (NCB). Non-performing loans (NPLs) are surging in the second quarter, in line with projections that […]

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Bangkok Bank acquires majority stake in Bank Permata for $2.3b

Bangkok Bank has acquired an 89.12 percent stake in privately owned Bank Permata from diversified conglomerate PT Astra International and British lender Standard Chartered Bank (SCB). The Thailand-based bank completed on Wednesday the transaction for Rp 33.66 trillion (US$2.3 billion), equal to 1.63 times Bank Permata’s book value, as agreed by the sellers and buyers […]

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Thailand: Solid April brightens export view

A key trade group sees a potentially healthier export picture after shipments rose for a second straight month in April, driven by farm products and gold. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said the April surprise signals that full-year exports could shrink by less than the TNSC’s current forecast. She cited Thailand’s […]

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