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Thailand’s protest leads to 1.5 billion dollars damage

Aishwarya Gupta

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red shirt

The council of economic ministers today estimated that the red shirt demonstration would shave the gross domestic product by 0.64 percentage point, with damage of about Bt50 billion, if it continues for no longer than 3 months.

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The estimation is based on the forecast GDP growth of 4.5 per cent, said Putthipong Punnakan, vice minister to the PM’s Office.

The red shirts started demonstration at Rajprasong on April 3. Businesses and their employees in the area have suffered from business closures, and been asking for the government's financial assistance.

via Red protest leads to Bt50 bn damage.

China

Bangkok 7th World Most connected city to China

Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.

Daniel Lorenzzo

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While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)

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Featured

Thailand’s Special Economic Zones (SEZ) and new opportunity connected

The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment

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With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
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Banking

Decrypting the Crypto Bubble : China Ban Vs. Thailand’s cautious welcome

ICO has gained popularity among tech startups as a convenient and timely way to access funding. In the past few months, ICO has grown exponentially and has surpassed early stage venture capital funding

Olivier Languepin

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Twenty years ago, day trading was the great new pastime for Americans, all of them tuned to the financial news and reports on the day’s newest crop of IPOs. (more…)

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