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UTCC advises more stimulus

The government needs to pump more money into circulation — a range of 30-50 billion baht — to reach the target of 3% economic growth this year, says the University of the Thai Chamber of Commerce (UTCC). Source: Business

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MGM sells Bellagio, Circus Circus resorts

LOS ANGELES: MGM Resorts International, pressured by investors to unload its remaining company-owned casinos, agreed on Tuesday to sell the Bellagio resort in Las Vegas to Blackstone Group for $4.25 billion and will continue to operate the property under a lease arrangement. Source: Business

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Production date for 777-8 up in the air

SINGAPORE: The date of entry into service of Boeing Co’s ultra-long-range 777-8 wide-body airliner would depend partly on customer demand, an executive said, with the planemaker hoping to win an order from Qantas Airways to supply the plane for Sydney-London flights. Source: Business

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Fitch downgrades DTAC's outlook on leverage questions

Fitch Ratings has revised its outlook for Total Access Communication Plc (DTAC) to negative from stable to reflect expectations that the mobile phone service provider’s financial leverage by the year-end will increase to a level that is not commensurate with current ratings. Source: Business

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Commerce Ministry on track despite cuts

The Commerce Ministry’s priority plans for export stimulus, an income guarantee for farmers, cost-of-living supervision and trade talks will remain intact despite the ministry’s allocated budget for fiscal 2020 being cut by 7.7% or 599 million baht to 9.812 billion baht. Source: Business

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