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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.

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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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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Thailand switches to black and white for final farewell to late King

Many businesses across Thailand will come to a halt while others will make necessary adjustments to pay their last respects to the beloved late King Bhumibol Adulyadej.

Boris Sullivan

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Many businesses across Thailand will come to a halt while others will make necessary adjustments to pay their last respects to the beloved late King Bhumibol Adulyadej. (more…)

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