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Thai Economy Reels From Monthlong Unrest

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Gathering of the United Front of Democracy Against Dictatorship (UDD)

Thai troops patrolled Bangkok’s financial district on Monday in a show of force as protesters threatened a march on Tuesday that could incite a new confrontation.

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With the nearby commercial center already paralyzed by thousands of protesters, the prospect of a demonstration in the financial district seemed emblematic of the economic costs of the monthlong unrest.

Fitch Ratings announced a cut in Thailand’s long-term currency credit outlook to negative from stable, citing the country’s continuing unrest.

The index for the nation’s main stock exchange, the SET, dropped for a third day by 1.3 percent to close at its lowest level in five weeks.

In another indication of flagging confidence, Amata, the country’s biggest seller of industrial land, said some Japanese clients — their biggest customers — had delayed signing deals.

via Thai Economy Reels From Monthlong Unrest – NYTimes.com.

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Thailand Approves Latest Economic Relief Package for Businesses

Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.

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On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.

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Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)

The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.

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The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.

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Asia-Pacific sees 3.9% growth in deal activity in February 2021

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Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.

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