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Thailand: Consumer prices dip for first time in 14 months

Annual headline consumer prices dropped in May for the first time in 14 months, due mainly to last year’s high comparative figure, government data showed on Thursday. The fall gives the central bank room to keep interest rates low to aid economic recovery. Headline consumer prices dipped 0.04% in May to stand at 100.64 points, compared […]

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Exim Bank plans rep offices in Laos, Cambodia

THE EXPORT-IMPORT Bank of Thailand plans to open two more representative offices in Laos and Cambodia at the end of this year and early next year to double loans for Thai investors expanding into Indochina.  Vietnam is the next step, president Pisit Serewiwattana said after the opening of Exim Bank’s first rep office in Yangon […]

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Thailand: B200bn plan for U-tapao

Thailand’s new economic model of an “aerotropolis” — a community where the layout, infrastructure and economy is centred around an airport — is expected to help attract up to 200 billion baht in new investment to the Eastern Economic Corridor (EEC), says the Industrial Estate Authority of Thailand. IEAT governor Veerapong Chaiperm said the model […]

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Thailand: Prayut defends B450bn deficit as budget passes first hurdle

Prime Minister Prayut Chan-o-cha on Thursday defended the proposed 450-billion-baht budget deficit for fiscal year 2018 while stressing the government’s spending plan is aimed at strengthening the country, not consolidating the regime’s power. In his address to the National Legislative Assembly (NLA) Gen Prayut said the 2.9-trillion-baht budget is a tool to drive national development […]

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