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Thailand: Worker debt hits high

Thai workers are saddled with the highest debt levels in 10 years, mainly incurred from daily consumption, vehicles, investments, residential purchases, debt repayment and medical expenses.  The latest survey by the University of the Thai Chamber of Commerce (UTCC) is based on 1,194 respondents whose income is lower than 15,000 baht per month. It found that […]

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Vietnam firms team up with Asia-Pacific partners for stronger growth

The Hanoitimes – The cooperation with Asia-Pacific businesses will help Vietnamese firms better penetrate into big markets and gain stronger growth, Doan Duy Khuong, according to Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI). Khuong said during a conference on strengthening the connection and partnership between Vietnam’s firms and members of the Confederation […]

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Indonesia: Inflation recorded at 0.12% in third week of April

Bank Indonesia Governor Agus Martowardojo has said that inflation was recorded at 0.12 percent in the third week of April, while year-on-year inflation stood at 3.44 percent.   Agus said in Jakarta on Thursday that the increase in the prices of red onions, red chili and garlic would contribute significantly to the April inflation, but he expressed optimism that the […]

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Malaysia a big winner if oil price rally continues

PETALING JAYA: Saudi Arabia, Nigeria, Colombia and Malaysia are the clear-cut winners if the recent oil price rise continues and is more supply-side driven, says Nomura Global Markets Research. In its emerging markets (EM) insight, it said for the emerging economies, the large net oil importers with weak economic fundamentals would possibly be more impacted […]

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Thailand: Pace of EEC rail projects picks up

PLANNED high-speed and double-track rail projects to serve the Eastern Economic Corridor (EEC) are expected to begin services in 2023, with an investment value of Bt296.42 billion alone flagged for the high-speed train service, the State Railway of Thailand (SRT) said.  Up to Bt214.3 billion of this amount would be spent on getting the high-speed […]

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