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Thailand economic forecast

Worldbank East Asia and Pacific GDP Growth Projections

Growth of the Thai economy in the first and second quarters was significantly higher than in 2014, but remained far below the average regional rates, as weak exports and subdued investment in Thailand continued to dampen the economy. Add this to your favourite Social Network:ShareFacebookEmailDiggRedditStumbleUponPrint Related posts: Long-term impacts on Asia Pacific expected: S&P There […]

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French reinsurer CCR not accepting more Thai business

CCR Group, a leading French reinsurer, has circulated a letter informing its partners in New Zealand, Australia and Thailand to stop writing business with the company in order to ensure its long-term profitability for the benefit of shareholders. The letter, sent on Monday by the head office in Paris, said the group had conducted a […]

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SCG chief sees only short-term Impact on economy from floods

Siam Cement Group (SCG), the country’s largest industrial conglomerate, foresees disruption from the severe flooding to affect the Thai economy in the short term, however it expects the recovery to be faster than some analysts have predicted. “I read some analysis, which said that |the Thai economy will recover in the final |quarter of next […]

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Oishi ready to restart, expand

Oishi Group Plc, the country’s biggest green tea maker and Japanese restaurant chain, plans to spend 400 million baht to add 30 new outlets next year. Of the total, 15 will be Shabushi outlets with the rest Oishi Ramen, Oishi Japanese Buffet Restaurant or Nikuya. Paisarn Aowsathaporn, Oishi’s executive vice-president for food, said the expansion […]

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SENA goes golfing

Listed property developer Sena Development (SENA) plans to launch a residential project in Pattaya next year, according to the Bangkok Post. The company will ask shareholders on December 27 to approve purchase of a 100 rai piece of land in Pattaya Country Club with an appraised value of almost THB2 billion (US$64.9 million). The decision […]

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15:30 Nov 22 – Minimum wage rise postponed

The cabinet has postponed the increase in the minimum wage to 300 baht per day from Jan 1 to April 1 next year, to help flood-affected employers. Add this to your favourite Social Network:ShareFacebookEmailDiggRedditStumbleUponPrint Related posts: BOT expects mild impact from wage hike Bank of Thailand expects a mild impact on inflation if… Industry opposes […]

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Ch Karnchang gears up for billions’ of contracts

Ch Karnchang, the country’s second-largest construction company, is ready to take on Bt50 billion to Bt60 billion worth of post-flood work. Chief executive officer Plew Trivisvavet said yesterday that after all flood waters have been mopped up, old infrastructure such as roads would need to be repaired while new infrastructure, such as roads, buildings and […]

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