Showing 1-10 of 83 results
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Red Sea danger leads global oil buyers to switch markets
Bloomberg News, Published on 05/02/2024
» NEW YORK - The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive.
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Vietnam PM issues power shortage warning
Bloomberg News, Published on 19/05/2023
» HANOI: Vietnam faces power shortages in some areas through late this month as electricity use rises due to a heat wave, Prime Minister Pham Minh Chinh warned.
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Higher sugar prices pose new threat to food inflation
Bloomberg News, Published on 30/03/2023
» Sugar, consumed in everything from chocolate to fizzy drinks and baked products, is becoming ever more expensive, raising costs for the industry and keeping up pressure on global food inflation.
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China travel rebound bets turn toward airports
Bloomberg News, Published on 23/03/2023
» SINGAPORE: Investors hoping to cash in on a boom in Chinese travel after nearly three years of coronavirus pandemic lockdowns are shifting into airports, hotels and duty-free operators and away from airlines subject to fluctuating fuel prices and more intense competition.
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Myanmar cuts power to businesses so students can study at night
Bloomberg News, Published on 02/03/2023
» YANGON: Myanmar’s businesses will be left without power for five hours a night for much of this month to allow students to burn the midnight oil, a stark illustration of how energy shortages are forcing tough choices and worsening already acute economic pain.
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Megaprojects, tourism to propel growth, Arkhom says
Bloomberg News, Published on 28/02/2023
» A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith.
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Hotel tycoon Bill Heinecke wants to charge tourists more to fund recovery
Bloomberg News, Published on 08/11/2022
» Bill Heinecke, the Thai-American chairman of Minor International Pcl that runs more than 500 hotels worldwide, wants Thailand to allow hotels to charge international tourists a surcharge of 300 baht (US$8) per room night to fund the industry’s post-Covid-19 pandemic recovery.
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Baht set for relief as current-account swings to surplus
Bloomberg News, Published on 02/11/2022
» A better-than-expected rebound in foreign tourist arrivals, lower oil prices and sliding shipping costs are brightening the outlook for Thailand’s current account, potentially offering a reprieve for the country's currency trading near a 16-year low.
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Flooding damages crops, risks tourism recovery
Bloomberg News, Published on 04/10/2022
» Thailand is battling the worst flooding in years with a large swathe of its crop land inundated by seasonal storms and swollen rivers, threatening to fuel food prices and hinder a nascent tourism recovery.
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World’s food supply faces new threat
Bloomberg News, Published on 03/08/2022
» Rice could emerge as the next challenge for global food supply as a shortage of rain in parts of India, by far the world’s biggest exporter, has caused planting area to shrink to the smallest in about three years.
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