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Prolonged lockdowns to cause GDP drop

The economic impact from lockdowns may cause Thai GDP to drop by 300 billion baht or 1.7 percentage points, while listed companies’ earnings price per share are expected to decline by 4% this year, as reflected in recent decreases in share prices, according to Kasikorn Securities. Source: Business

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Sandbox gets dirty

Even with the pandemic in Thailand surging, including new infections in the Phuket sandbox scheme, the country is unlikely to turn its back on reopening to tourists as the sector remains a lifeline for people struggling to survive financially during the crisis. Source: Business

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WHAUP to beef up Chon Buri plant

SET-listed WHA Utilities & Power (WHAUP), which provides utilities under WHA Corp, Thailand’s biggest industrial land developer and operator, plans to further develop its refuse-fired power plant in Chon Buri by increasing its generation capacity more than fourfold to 40 megawatts, making it a model clean energy project in Asean. …

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SCGP upbeat on B100bn forecast

SCG Packaging Plc (SCGP) is still confident it can manage to earn 100 billion baht this year from domestic and overseas businesses as well as merger and acquisition deals despite growing worries over the prolonged Covid-19 outbreak. Source: Business

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Thailand Post expects delays

Thailand Post says its postal services could be delayed in some areas due to the pandemic as some of its staff are infected with Covid-19, forcing post offices to shut temporarily. Source: Business

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