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Conflict will cost Thailand B245bn

The Russia-Ukraine conflict is estimated to inflict 244.70 billion baht’s worth of damage to the Thai economy, dragging GDP growth to only 2-3% this year, if it is extended for the entire year, according to the latest study by the University of the Thai Chamber of Commerce (UTCC). “The Thai economy is highly likely to […]

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Laos: Govt sets ambitious trade surplus target

The government is aiming for a trade surplus of at least US$1.55 billion this year, despite the country’s economic difficulties triggered by the Covid pandemic. The value of exports is projected to reach US$7.6 billion while the value of imports is forecast at US$6.05 billion, according to a recent report from the Prime Minister’s Office. […]

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Philippines: Peso bond issuances drop 12%

MANILA, Philippines — Private companies relied more on foreign currency (FCY) bonds for their financing needs last year, reducing their exposure to the local currency (LCY) bond market. In a report, the Department of Finance (DOF) said corporate LCY bond issues fell by nearly 12 percent to P1.42 trillion last year from P1.61 trillion in […]

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Thailand: Loans capped for Oil Fund to be lifted

The National Energy Policy Committee (NEPC) on Wednesday resolved to remove the 40-billion-baht cap on loans to support the Oil Fund in the wake of the Russian invasion of Ukraine. Kulit Sombatsiri, permanent secretary for energy, said the decision will give the government more room to deal with soaring oil prices. The decision reached in […]

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