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Thailand's Bank Chief Warns of Risks From High Household Debt and Outdated Laws
Summary by Pattaya Mail
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Payong Srivanich warns of dangers to the Thai economy posed by high levels of government debt and outdated laws and calls for urgent structural reforms. PATTAYA, Thailand – A local visit to Pattaya on October 1 made it clear that the important tourist destination remains heavily dependent on tourism. Over 90% of the local workforce is employed in services such as restaurants, hotels, and related industries. A weaker Thai baht has temporarily mad…
·Pattaya City, Thailand
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