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Thailand: Delay poses risks to the economy

The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP. Thanavath Phonvichai, president of […]

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Thailand: Exports to Korea set to rise 2% this year

Thailand expects exports to South Korea to increase by 2% this year to US$6.52 billion, partially helped by a deeper trade partnership through a so-called mini-free trade agreement (mini-FTA) with the South Korean provinces of Gyeonggi and Pusan. According to Commerce Minister Jurin Laksanawisit, targeted export products include sugar, oil, rubber products, electronic circuits, aluminium products, […]

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Thailand: Businesses report longer payment delays

Fewer businesses in Asia-Pacific reported overdue payments in 2022, but the duration of payment delays increased markedly, according to Coface, the France-based multinational credit insurance and risk management specialist. The share of companies reporting overdue payments fell to 57% in 2022 — the lowest in 10 years — from 64% in 2021. But the average payment […]

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