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Thailand: Private sector hails move to reopen malls

Retailers and the private sector have hailed the government’s decision to allow department stores, malls and other businesses to reopen on Sunday, hoping the move will boost the sentiment and spending of consumers. “This is considered good news after a long two months of waiting,” said Piyawan Leelasompop, executive vice-president for marketing at Central Department […]

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Thailand: Restrictions hit fuel consumption

Daily consumption of fuel in the May 1-11 period fell sharply across all types, mainly attributed to the government lockdown and travel restrictions to curb the spread of the coronavirus, according to a report by the Energy Business Department. Total gasohol and petrol consumption dropped 11.3% to an average of 28 million litres a day […]

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Philippines: Remittances fall to 8 month low

BSP still confident of full-year growth MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) fell to their lowest level in eight months last February, but the Bangko Sentral ng Pilipinas (BSP) remains confident of positive growth this year amid the coronavirus disease 2019 or COVID-19 pandemic. The central bank yesterday reported that personal remittances […]

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