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Thailand SET index breaks 800 to hit 22-month high

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Thai stocks reached their highest point in nearly two years yesterday, with the main index rising by 1.69% to close at 801.32 points.

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The index, which rose to as high as 803.92 points, ended the day up 13.34 points in trade worth 28.715 billion baht. The index is at its highest point since June 2008.

Energy stocks led the rally, rising by 2.57% as crude oil prices continued their two-month upwards trend by topping $84 per barrel. Bank stocks rose by 0.59% while construction material stocks rose by 3.46%.

via SET breaks 800 to hit 22-month high.

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Asean

ASEAN economies poised for robust recovery with 6% real GDP growth in 2021

The six largest ASEAN nations (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam) are expected to witness positive real GDP growth rates in 2021 according to Global Data

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Receding daily COVID-19 cases, rollout of vaccines, increased spending by the governments along with easing of monetary restrictions will help revive the Association of Southeast Asian Nations (ASEAN*) economies in 2021 with their real GDP forecasted to rise by 6%, says GlobalData, a leading data and analytics company.

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Thailand new coronavirus cases -59- down to two digits

Of the new cases, 28 were exposed to the virus while visiting high-risk areas. The province with the highest number of infections is Bangkok (10), followed by Samut Sakhon (7).

Boris Sullivan

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Thailand confirmed 59 new coronavirus cases and one additional death on Wednesday, taking its total infections to 12,653 and fatalities to 71, the first day Covid infections are down to two digits since the beginning of the second Covid-19 outbreak in the country in December.

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Alibaba Initiates $3Bln Partnership with Thai Gov in Support of Thailand 4.0

This is probably the first major milestone for Thailand 4.0 economic plan to upgrade Thai economy : a major commitment of a big private investor

Olivier Languepin

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The e-commerce giant’s executive chairman, Jack Ma, was in Thailand this week and has become the first big name to join Thailand’s plan to upgrade its economy known as Thailand 4.0. (more…)

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