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March headline inflation misses central bank target for 11th month
Thailand's headline consumer price index dropped for the sixth straight month in March, the commerce ministry said, and was outside the central bank's target range for the 11th straight month.
S&P, Fitch say govt debt binge poses risk to fiscal consolidation
The government's surprise move this week to take on more debt to stimulate the economy risks a setback for its fiscal consolidation efforts though it's likely to accelerate growth in the near-term, according to ratings companies.
Krungsri bullish on SME loan growth
Bank of Ayudhya (Krungsri) is upbeat about achieving small and medium-sized enterprise (SME) loan growth of 2-3% this year, following an uptick in the first quarter as the Thai economy gradually recovers.
Bond default risk minimal in Q2
The likelihood of bonds defaults in the second quarter is relatively low, with total default value projected at less than 1% of the total outstanding market value, says the Thai Bond Market Association (ThaiBMA).
Seamless connectivity in subregion touted
The International Institute for Trade and Development is proposing the acceleration of seamless connectivity in the Greater Mekong Subregion (GMS) countries via the Cross-Border Transport Facilitation Agreement (CBTA) with member countries to establish common measures and rules that foster effective cross-border movement of people, goods and services.
Plan to legalise casinos a boon for AWC
Asset World Corporation (AWC) would be the main beneficiary of the government plan to legalise casinos as part of entertainment complexes as the company operates luxury hotels and retail centres near potential sites for these developments, says Tisco Securities.
Traders upgrade outlook for gold prices
Local traders have increased their forecasts for global and domestic prices of gold to US$2,350 and 40,500 baht, respectively, after the price of bullion set another record high of more than $2,300 an ounce on sustained demand from central banks and heightened geopolitical conflict.
Thai tourists still headed to Taiwan
Thai tourists appear to be unfazed by Taiwan's biggest earthquake in 25 years and a string of quakes in Japan, as they intend to take planned trips during the Songkran holiday.
Board of Investment plans meetings with 10 Chinese battery producers
The Board of Investment (BoI) is preparing to meet with leading electric vehicle battery cell manufacturers in China to encourage them to invest in Thailand in order to support the country's fast-growing EV industry.
Index Creative points to hub status requirements
To position Thailand as a regional event hub, the government needs to elevate traditional events and invest in licensed international events while developing infrastructure and offering incentives, says Index Creative Village Plc, an event organiser and marketing company.
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