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Thailand: Prices claw upwards in November

Consumer prices, which gauge headline inflation, ended four consecutive months of deceleration in November. On Monday, the Commerce Ministry revealed overall consumer prices rose 0.21% year-on-year in November, quickening from 0.11% in October, 0.32% in September, 0.52% in August and 0.98% in July. Food and non-alcoholic beverage prices rose 1.51% from the same month of […]

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Thailand: Confidence in manufacturing, employment drops

The Business Sentiment Index (BSI) dropped to 47.4 in November 2019, which was below the 50 threshold for eight consecutive months due largely to weaker confidence in the manufacturing sector, according to a central bank report on Monday (December 2). However, the confidence of respondents in the non-manufacturing sector held steady this month, the report […]

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Thailand – PM: Trade in US dollars

Prime Minister Prayut Chan-o-cha has called for the nation to spend in US dollar terms to increase capital outflows and weaken the baht. “We need to think about how expenditures can be made in dollar terms to boost capital outflows. The country’s strong financial position attracts investors to use Thailand to park their money and […]

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Thai E-Sports Firm Raises Funds to Expand in Southeast Asia, Laos

Bangkok-based startup Infofed has received JPY 5 million ($45,700) from Japanese gaming media company GameWith, with a plan to expand in several Southeast Asian countries, including Laos. Founded in 2015, Infofed provides a one-stop solution for game providers, consumer brands, and esports communities through its online and offline platforms. The company operates eArena, an online platform for professional […]

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