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Thailand: Business confidence rises in July

Business sentiment rose for the second straight month in July, driven by the relaxation of the government’s coronavirus lockdown measures. Concerns remain rampant, particularly about a second wave of the virus and growing political discord. The University of the Thai Chamber of Commerce (UTCC) said yesterday that business confidence edged up to 31.8 in July […]

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Thailand: FTI hammers out   job creation path

The Federation of Thai Industries (FTI) is in talks with private and state-owned companies to devise ways to create jobs as the pandemic threatens to leave millions of workers unemployed this year. The FTI is asking CP Group, SCG, PTT and other heavy hitters to join the campaign, hoping to stimulate weak purchasing power and […]

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Thailand: Minister commits to repairing economy

Energy Minister Supattanapong Panmeechaow vows to revive the economy using energy projects, with the Energy for All scheme at the top of the list for quick remedies. Critics want the government to delay Energy for All because of the huge surplus of the country’s power generation capacity in reserve, but Mr Supattanapong said yesterday that […]

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Thailand: Trade fairs eyed to lift rural spirits

Commerce Minister Jurin Laksanawisit vows to play a key part in developing local economies through online shopping and interprovincial trade fairs to boost incomes. Speaking at the 100th anniversary of the Commerce Ministry, Mr Jurin said yesterday that the ministry needs a big adjustment to cope with the ongoing crisis. “Provincial commerce officers must function […]

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Thailand: Domestic car sales down for 14th month

Domestic car sales shrank for a 14th straight month in July, dropping 24.8% from a year earlier to 59,335 vehicles as the coronavirus outbreak crushed demand, the Federation of Thai Industries said on Thursday. But sales rose 2.28% from June, helped by easing virus restrictions and Bangkok’s international motor show, the FTI said. In June, […]

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