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GENERAL

Thai carrier, resort optimistic on the Maldives

Business, Suchit Leesa-nguansuk, Published on 07/06/2024

» Bangkok Airways and luxury resort SO/ Maldives are upbeat about increasing their business opportunities in the Maldives, with Thais avid visitors of the islands located in the Indian Ocean.

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GENERAL

Concerns over decline in steel consumption

Business, Lamonphet Apisitniran, Published on 07/06/2024

» Sluggish car sales in Thailand led to an 11-12% decrease in premium-grade steel sales during the first four months of 2024, underscoring worries concerning reduced steel consumption in the country this year, says the Federation of Thai Industries (FTI).

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GENERAL

New pension lottery intends to assist informal workers

Business, Wichit Chantanusornsiri, Published on 07/06/2024

» The Finance Ministry plans to introduce a pension lottery to promote retirement savings.

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GENERAL

If at first you don't succeed …

Business, Published on 07/06/2024

» One of my maxims as a blogger and columnist is never to regurgitate a topic I already covered in an earlier article.

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GENERAL

Tourism minister eager to add B500bn in revenue

Business, Narumon Kasemsuk, Published on 07/06/2024

» Tourism and Sports Minister Sermsak Pongpanich is planning to generate an additional 500 billion baht in tourism revenue this year to reach the record-high target of 3.5 trillion baht by surveying projects that lack a stimulus budget and requesting funds from the cabinet.

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GENERAL

KKP wary on baht outlook despite uptick

Business, Published on 07/06/2024

» The baht has posted a short-term gain, rising to a two-week high of stronger than 36.5 to the dollar on Thursday, but Kiatnakin Phatra Financial Group (KKP) warns the Thai currency could depreciate because of Thailand's structural problems.

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GENERAL

Stocks hit records as ECB cuts rates

Published on 06/06/2024

» World stocks hit an all-time high and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, but also signalled that further moves could take a while.

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GENERAL

Political risks stifle Thai bonds

Published on 06/06/2024

» Rising political risk in Thailand is keeping foreign investors cautious about the country’s bonds, even as they tiptoed back into the market in May for the first time in six months.

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GENERAL

CIMB targets $1.28bn of lending in 2024

Reuters, Published on 06/06/2024

» MANILA - The Philippine unit of Malaysia's CIMB Group Holdings Bhd is targeting lending of more than 75 billion pesos (US$1.28 billion) to Filipino clients this year, up 23% from 2023, its chief executive officer said on Thursday.

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GENERAL

Shrinkflation unpacked

Business, Phusadee Arunmas, Published on 06/06/2024

» As manufacturers across various industries seek to cope with rising production costs, many are turning to "shrinkflation" to survive.