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The Thai baht’s rally to the highest level in 16 years is hindering exports from the world’s biggest rice shipper, curbing the government’s efforts to diminish record state stockpiles and threatening to increase its losses.
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Thai lawmakers moved to change parts of a military-backed constitution after the country’s highest court agreed to hear a case that may block them from doing so, signaling a renewed round of political tension.
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Thai Prime Minister Yingluck Shinawatra’s party is on course to win Bangkok’s governor election for the first time, dealing a blow to opponents aligned with royalist groups who have held the capital since 2004.
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Thai Prime Minister Abhisit Vejjajiva signaled he may call an election as early as April, undercutting street protests that have limited gains in the country’s stocks and currency as he seeks to remain in office.
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Thailand’s credit rating was restored to BBB+ by Fitch Ratings four years after political turmoil prompted a cut, signaling confidence in Prime Minister Yingluck Shinawatra’s ability to maintain social stability.
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Thailand’s opposition won its fourth straight Bangkok governor election today, staving off a challenge from a member of Prime Minister Yingluck Shinawatra’s party who led in polls before the vote.
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Thai Prime Minister Abhisit Vejjajiva said the government had restored order two days after a military assault to end anti-government protests in Bangkok killed 15 and triggered widespread rioting.
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Thailand’s government increased its diesel subsidy to oil companies by 0.5 baht (2 cents) per liter, which will deplete the state oil fund soon, Energy Minister Wannarat Charnnukul said.
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Former Thai Prime Minister Abhisit Vejjajiva said soldiers acted in self-defense when setting up live-fire zones around a protest site in 2010 as he fights murder charges over a crackdown that killed more than 90 people.
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Thai Prime Minister Abhisit Vejjajiva promised policies to help families cope with rising fuel and food costs that threaten to undermine his party’s gains ahead of this year’s national elections.
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