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Thailand scores the lowest in Japanese business confidence survey |
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Wednesday, 31 January 2007 |
Thailand has received the lowest grade in a survey of the business sentiment of five ASEAS countries by the Japan External Trade Organization. Singapore scored the highest on the survey, followed by Indonesia, the Philippines and Malaysia, respectively. Thailand’s poor performance was attributed to rising production costs, larger wage bills, a slowdown in domestic consumption and investment, rising oil prices, baht appreciation and political instability.
Bangkok Post
MCOT
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