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INVESTMENT

Eastspring bullish on growth prospects for foreign stocks

Business, Nuntawun Polkuamdee, Published on 22/05/2024

» Eastspring Asset Management (Thailand) sees high potential for foreign stocks to grow, launching funds to invest specifically in the US and China, expecting a recovery for the latter is on the horizon.

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GENERAL

Cabinet approves plan to raise 2024 budget

Reuters, Published on 21/05/2024

» Thailand needs more stimulus measures to help the economy meet its potential after growth was lower than expected in the first quarter, Finance Minister Pichai Chunhavajira said on Tuesday.

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GENERAL

Red Lobster probes "endless shrimp" losses after bankruptcy filing

Reuters, Published on 21/05/2024

» NEW YORK - Red Lobster, which filed for Chapter 11 bankruptcy in Florida on Sunday night, is investigating the role its majority owner Thai Union played in the restaurant chain's "endless shrimp" promotion that caused US$11 million in losses, court documents showed.

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GENERAL

Gold hits all-time high amid geopolitical strife

Business, Nuntawun Polkuamdee, Published on 21/05/2024

» Gold prices soared to an all-time high of US$2,450 an ounce on Monday, as a slowing inflation trend in the US increased optimism that the Federal Reserve will start easing monetary policy this year, while geopolitical tension in the Middle East is on the increase.

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LIFE

The voice of Zimbabwe

Life, John Clewley, Published on 21/05/2024

» Thomas Mapfumo, the Zimbabwean singer, bandleader and songwriter, is one of Africa's most respected musicians known not only for his hypnotic chimerenga music but also for his steadfast support for human rights, political dignity and social justice. Chimerenga is the Shona -- Mapfumo's ethnic group -- word for liberation and is based on the sacred and iconic instrument, the mbira (thumb piano or sanza), which is at the heart of Mapfumo's music.

GENERAL

IRPC bullish amid strong demand from overseas

Business, Yuthana Praiwan, Published on 21/05/2024

» IRPC Plc, the petrochemical arm of national oil and gas conglomerate PTT Plc, expects its business to improve this year, driven by overseas demand, especially from China, which will help the company move into the black, following two years of losses.

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GENERAL

Analysts expecting rate cuts to be delayed

Business, Somruedi Banchongduang, Published on 21/05/2024

» Following better-than-expected GDP growth in the first quarter, research houses are predicting that the Bank of Thailand will delay any policy rate cut until the end of this year or next year.

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WORLD

Taiwan’s new president calls on China to end threat of war

Published on 20/05/2024

» New Taiwan President Lai Ching-te urged China to stop its campaign of pressure of the democratic island, comments aimed at calming a dispute at the heart of a geopolitical rivalry involving the world’s two biggest powers.

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GENERAL

Govt plans to increase budget by B122bn to fund handout scheme

Reuters, Published on 20/05/2024

» The government is seeking to increase the 2024 fiscal budget by 122 billion baht to fund its signature handout scheme, its Budget Bureau chief said on Monday, only a month after a delayed 3.48 trillion baht budget was passed.

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GENERAL

Q1 GDP grows 1.5% y/y, above forecast

Published on 20/05/2024

» Thailand's economy expanded 1.5% in the first quarter from a year earlier, official data showed on Monday, beating analysts' expectations.