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Cambodia rail line reaches Thailand

A 60-KILOMETRE stretch of Cambodia’s long-delayed railway from Phnom Penh to the Thai border in Poipet has been completed, Transport Minister Sun Chanthol said. The comments came during a logistics forum hosted by the European Chamber of Commerce in Phnom Penh, during which Chanthol gave brief introductory remarks about the status of transport infrastructure in […]

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Thailand: EEC seen pushing GDP growth above 5%

INVESTMENT drawn to the proposed Eastern Economic Corridor (EEC) could push the country’s economic growth rate above 5 per cent by 2021, Siam Commercial Bank’s Economic Intelligence Centre (EIC) said.  Vithan Charoenphon, the head of service cluster at the centre, said that if the government’s flagship economic zone proceeds as planned, the GDP growth rate […]

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Thailand: BOT digs in against digital currencies

THE BANK of Thailand (BOT) is pressing the country’s financial institutions to steer clear of involvement in transactions that relate to cryptocurrencies.  The central bank yesterday issued a circular to banks and other financial institutions seeking their cooperation to help it protect the financial system from the risks posed by the digital currencies, which are […]

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Thailand: Business approvals for foreign entities

The Department of Business Development approved 22 foreign entities, with a total investment of Bt735 million, to start doing businesses in Thailand in January.  The department’s director-general, Kulanee Issadisai, said most of the investors are Japanese, German and Chinese, and their businesses will create 400 jobs.  Out of the total, four will be providing services […]

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