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Thailand: Consumer faith hits two-year high

Consumer confidence rose for a fourth straight month in March to the highest level in two years, driven by improving exports, higher prices for crops and commodities, and growing tourism. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index rose to 76.8 points last month from 75.8 in […]

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Philippines opens up banking to Malaysia, Thailand

MACTAN ISLAND, Cebu, Philippines – The Philippines firmed up yesterday agreements with Malaysia and Thailand to open up the banking industry, aimed at greater financial integration and economic development among members of the Association of Southeast Asian Nations (ASEAN). Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. led yesterday the signing of the Declaration of […]

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Thailand: BoT sees 3.4% growth this year

The Thai economy will continue its steady upward climb, growing by 3.4% this year and 3.6% next year as exports improve, the Bank of Thailand said on Friday. Gross domestic product (GDP) expanded by 3.2% last year and by 2.9% in 2015. Jaturong Jantarangs, a central bank assistant governor, said a steady recovery was being […]

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Thailand plans to buy Cambodian water

Thailand’s listed Eastern Water Resources Development and Management Plc’s subsidiary Universal Utilities Plc. a tap water provider, plans to spend some 200 million baht ($6 million) a year to buy water from the still to be built Stung Nam hydroelectric dam in Koh Kong province to supply the Thai provinces of Chon Buri, Rayong and […]

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Thailand: Consumer prices rise 0.76% in March

Annual headline consumer prices rose less than expected in March, government data showed on Monday, giving the central bank leeway to keep interest rates low to assist economic recovery. The headline CPI index rose for a 12th straight month in March, up 0.76% from a year earlier, its slowest pace in four months, compared with […]

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