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APEC leaders agree to boost trade and investment

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Government leaders of 21 countries, all members of Asia-Pacific Economic Cooperation (APEC), agreed Sunday in the Japanese city of Yokohama to refrain from imposing any fresh barriers to trade and investment, or measures to stimulate exports, until the end of 2013.

The declaration titled “Yokohama Vision” said: “We commit to take steps to roll back trade distorting measures introduced during the (financial) crisis”.

Despite differences among several government leaders over currency policies which saw Asian currencies appreciated against the US dollar in recent months and other issues, several leaders at the two-day meeting appeared to agree on the significant role freer trade can play in sparking growth. They also agreed on the need to reduce trade imbalances and government debt and avoid sharp, potentially disruptive fluctuations in exchange rates, according to the Associated Press (AP) news agency.

via APEC leaders agree to boost trade, investment; Australia, Canada to widen trade with Thailand.

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Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

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BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

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Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak

The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.

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The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.

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