Pimonwan Mahujchariyawong News
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Thailand’s export growth quickened to a 15-month high in November as factories returned to full capacity after last year’s floods and global demand improved.
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Thailand’s inflation accelerated in July, supporting the central bank’s view it may need to raise borrowing costs further.
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Yingluck Shinawatra became Thailand’s first female prime minister by pledging to lift rural incomes through higher rice prices. The rest of Asia may now have to pay for her campaign promise.
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Thai workers and employers agreed to a government proposal to boost the minimum wage, meeting a campaign pledge by Prime Minister Yingluck Shinawatra as floods disrupt operations at more than 1,000 factories.
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Thailand’s Finance Ministry raised its 2010 economic growth forecast for the third time in six months after exports surged in the first half of the year and local demand recovered.
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Economic expansion in Thailand and Malaysia probably slowed last quarter after global demand eased, reducing the scope for policy makers to raise interest rates even as rising commodity prices increase inflation risks.
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Thailand’s industrial output rose more than estimated in August as demand for autos recovered following the March earthquake in Japan, the Southeast Asian nation’s biggest trading partner.
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Thailand’s economy probably expanded at the fastest pace in 14 years last quarter, a recovery now endangered by the nation’s worst political violence in 18 years that’s shuttered sections of Bangkok and decimated tourism.
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