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BoI buzzes in pursuit of Thailand 4.0

The government’s Thailand 4.0 scheme — meant to usher in the country into more value-added, innovative and creative sectors — has made the Board of Investment (BoI) one of the busiest state agencies as it reworks its processes and structures to promote technological changes. One of the novelties is the establishment of the five new […]

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ThaiBev unit registers to bid for Sabeco; to price offer initially estimated at US$4.8b

THAI Beverage Public Co’s (ThaiBev) Vietnamese drinks unit has registered to bid for a 53.59 per cent stake in Saigon Beer-Alcohol-Beverage Joint Stock Corp (Sabeco), and will price its bid by 3pm on Monday, Singapore time, the food and drink group announced before today’s market opening. ThaiBev’s associated company, Vietnam Beverage, had earlier indicated its […]

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Thailand: DHL to add 1,000 delivery locations

DHL eCommerce Thailand, a division of the logistics firm Deutsche Post DHL Group, will expand its local delivery network to 1,000 locations nationwide by 2018, fuelled by online shopping growth in the country. DHL ServicePoints now cover 200 spots in Bangkok and vicinity. Another 500 locations will be added in the first quarter next year. […]

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Thailand: ADB, Escap raise GDP outlook

Asian Development Bank (ADB) yesterday hiked its forecast for Thai GDP growth to 3.8% this year and next, while the UN Economic and Social Commission for Asia and the Pacific (Escap) upgraded its 2017 estimate to 3.5% and raised its 2018 view to 3.4%. The Manila-based ADB predicts that a pickup in exports and private […]

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Moody’s rates Thai banking as stable, warns of debt risks

The banking system outlook in Thailand next year is stable, while the challenges of Asia-Pacific banks include long-term risks related to the high degree of private-sector leverage, says Moody’s Investors Service. Banking systems in Asia-Pacific overall show a stable outlook for 2018, the international credit rating agency said. Of the 16 banking systems discussed, two […]

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