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Thailand – FPO: Indications of GDP shrink diminishing in Q3

Economic recovery momentum during July and August suggests the economy could contract less in the third quarter than the previous period, says the Fiscal Policy Office (FPO). Although economic conditions in August were still sluggish, the recovery momentum continued based on several economic indicators, said FPO adviser Wuttipong Jittungsakul. Private consumption improved through a lower […]

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Thailand: Life, non-life segments see profits rise

Life insurance shrank 5.69% in the first half while non-life witnessed 1.9% growth, with both segments seeing an increase in gross profits thanks to a sharp reduction in claims during the lockdown period. Chuchatr Pramoolpol, deputy secretary-general of the Office of the Insurance Commission (OIC), said growth trends remain uncertain for the second half as […]

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