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  • *Finance Ministry cuts 2014 growth forecast to 1 pct. Also on Monday, the Finance Ministry cut its forecast for 2014 economic growth to 1.0 percent, from 1.4 percent. With commodity prices expected to remain weak well into 2015 and soft demand seen from China and Europe, Thailand's trade and manufacturing sectors are seen dragging on the economy well into next...

  • BANGKOK, Dec 29- Thai factory output fell more than expected in November, the latest evidence that the country's economy is still struggling more than six months after the army took power to end prolonged political unrest. Thailand is grappling with poor exports and still-subdued domestic demand. On Monday, the Industry Ministry said factory output in...

  • Thailand's economic growth view goes under the knife Saturday, 27 Dec 2014 | 12:19 AM ET
    Thai baht banknotes

    Thailand's central bank said the country's economy will barely grow this year and cut its 2015 forecast, mainly on expectations exports will remain lackluster.

  • JAKARTA, Dec 22- The Ciliwung River flows from a volcano south of the Indonesian capital, through the heart of one of the world's most densely populated cities and almost into Jakarta Bay. The same is true for the rest of the half-dozen sewage-choked rivers that wind though central Jakarta. "Jakarta is a bowl, and the bowl is sinking," said Fook Chuan Eng, senior water...

  • *10 years on from Boxing Day tsunami, weaknesses remain. BANGKOK, Dec 21- In April 2012, Indonesia's Banda Aceh, the city worst hit by the tsunami that killed at least 226,000 people on Boxing Day ten years ago, received a terrifying reminder of how unprepared it was for the next disaster. But if it had, the damage would have been "worse than 2004, if it was the same...

  • Global oil impact: Who's hurting, happy, hopeful Friday, 19 Dec 2014 | 1:12 PM ET

    Russia's currency has nose-dived, for instance, and investors worry Venezuela could default on its debt. The world's four biggest economies— U.S., China, Japan and that of the European Union— all benefit from lower oil prices. "Economically this is a good thing for the U.S., it's a good thing for Europe, it's a good thing for China and it's a good thing for most consumers,"...

  • Bumble Bee was acquired by the British investment firm Lion Capital LLP in late 2010. If approved, Thai Union expects to take ownership in the second half of next year. Thai Union has annual sales exceeding 100 billion baht with a worldwide workforce of more than 35,000, the company said. Thiraphong Chansiri, the president and CEO of Thai Union, said it would be the...

  • Canada man finds woman for free trip around world Thursday, 18 Dec 2014 | 7:59 AM ET

    TORONTO— A Toronto man who made headlines last month by offering a free round-the-world air ticket to a woman with the same name as his ex-girlfriend has found Ms. Jordan Axani, 28, and his then girlfriend, named Elizabeth Gallagher, booked heavily discounted round-the-world air tickets in May, but their relationship ended and he didn't want her ticket to go to...

  • Currency and stock markets in Asia generally firmed on Wednesday after a two-day sell-off that saw Indonesia's rupiah drop to its weakest level since the Asian currency crisis in 1998 and Thailand's main stock index register its biggest intraday loss since October 2008. Bank Indonesia said it had sold dollars to support the rupiah on Tuesday, and traders...

  • HAPPISBURGH, England, Dec 12- Bryony Nierop-Reading has what she calls a million-dollar view from her clifftop property in east England, looking out over North Sea swells beyond a sandy beach where gulls wheel overhead. Her bungalow was demolished by the local council after a December 2013 storm bit a 33- foot chunk out of the cliff, leaving her home perched over a...

  • *Thai order comes on same day as New Delhi ban. *Uber cancels Monday meet with Vietnam authorities. BANGKOK, Dec 9- Thailand has ordered U.S. online taxi booking company Uber to cease operations, on the same day taxi apps were banned in the Indian capital New Delhi where an Uber driver is under arrest for suspected rape.

  • *CITIC Ltd shares jump as much as 6.3 pct. HONG KONG, Dec 5- CITIC Ltd is in early talks with companies including Japan's Itochu Corp and Thailand's Charoen Pokphand Group about a large share placement, a person familiar with the matter said, as the Chinese state-owned conglomerate tries to broaden its investor base. To part-fund that acquisition and increase the...

  • World Bank: East Asia is strongest growing region  Tuesday, 2 Dec 2014 | 8:36 PM ET

    Axel Van Trotsenburg, Vice President for East Asia and Pacific at World Bank, outlines the organization's forecasts for the year ahead.

  • BANGKOK, Nov 28- Thailand released a mixed bag of October data and surveys on Friday, indicating the country's economic recovery remains patchy though the central bank said there was "broad-based improvement" last month. While the Bank of Thailand's private investment index rose from September, one for consumption slipped and annual industrial output...

  • *Output -2.87 pct in Oct y/y, down a 19th straight month. BANGKOK, Nov 28- Thai factory output fell slightly more than expected in October, suggesting that the country's economic recovery remains fragile six months after the army took power to end political tension and to try restarting growth engines. The Industry Ministry said output was 2.87 percent lower than...

  • *Army seized power on May 22 in bid to end unrest, lift growth. BANGKOK, Nov 17- Thailand's economy grew much less than expected in the July-September quarter as exports and tourism contracted, forcing the authorities to again cut the country's growth forecast for 2014.. Southeast Asia's second-largest economy grew 1.1 percent in the third quarter from the prior...

  • *Army seized power on May 22 in bid to end unrest, lift growth. BANGKOK, Nov 17- Thailand's economy grew much less than expected in the July-September quarter as exports contracted, forcing the authorities to again cut the country's growth forecast for the year. The army seized power on May 22 in a bid to end the crisis and kick-start the sputtering economy, but...

  • *Army seized power on May 22 in bid to end crisis. BANGKOK, Nov 14- Thailand's economy probably expanded slightly in the third quarter after a military coup in May returned some stability to the country, but the pace of recovery will likely be slower than expected as exports and domestic demand remain sluggish. "Fragile domestic demand and weak exports temper high...

  • *Committee votes 6-1 to keep rate at 2.0 pct; one wanted a cut. BANGKOK, Nov 5- Thailand's central bank left the door open to a possible cut in interest rates as the economy is growing more slowly than it forecast earlier, but held its policy rate steady on Wednesday. The Bank of Thailand said at a policy review it would cut its GDP forecasts this year and next, although...

  • BANGKOK, Nov 5- Thailand's central bank left its benchmark interest rate unchanged on Wednesday, as expected, but said there was still room to cut rates if needed as economic growth slows. The Bank of Thailand said it would cut its economic growth forecasts this year and next, but noted exports were poised to gradually pick up next year with the global recovery.