‘Total’ demolition of Aetas, says City Hall

The contractor who will be selected to demolish the Aetas Hotel and Residence in Bangkok’s Pathumwan district must knock down the entire structures, not just the high-level floors, said a senior official at City Hall.

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BoT mulls new methods to curb debt service ratio

The Bank of Thailand has floated the idea of curbing the debt service ratio (DSR) by requiring lenders to change the computation method based on a borrower’s overall debt repayment ability instead of each lending product as a means to control household…

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The Oil Giant Focusing Only On Africa

The state oil company of OPEC member Angola, Sonangol, plans to sell off stakes in dozens of joint ventures and cut jobs in order to focus on its core exploration and production business in Africa, Sonangol’s chairman Carlos Saturnino said on Friday. “…

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The Oil Giant Focusing Only On Africa

The state oil company of OPEC member Angola, Sonangol, plans to sell off stakes in dozens of joint ventures and cut jobs in order to focus on its core exploration and production business in Africa, Sonangol’s chairman Carlos Saturnino said on Friday. “…

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Is Bernie Stealing Trump’s “No More Wars” Issue?

Authored by Patrick Buchanan via Buchanan.org,

“The president has said that he does not want to see this country involved in endless wars… I agree with that,” Bernie Sanders told the Fox News audience at Monday’s town hall meeting in Bethlehem, Penns…

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What Were They Thinking?

  Learning From Other People’s Mistakes is Cheaper One benefit of hindsight is that it imparts a cheap superiority over the past blunders of others.  We certainly make more mistakes than we’d care to admit.  Why not look down our nose and acquire some lessons learned from the mistakes of others?   Bitcoin, weekly. The […]

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Average US Credit Score Hits An All Time High

Something unexpected happened after the financial crisis: Americans have become far more responsible when it comes to their finances. At least that is the conclusion one would derive by looking at the average US credit score, which has increased by nea…

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CNN Admits “Mueller’s Report Looks Bad For Obama”: Op-Ed

With Congressional Democrats tantruming over redactions, presidential candidates out-virtue-signalling one another in denigration of Trump (for what it is unclear) calling for impeachment (again, for what is unclear) and the liberal media desperate for…

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Central bank mulls new methods to curb DSR

The Bank of Thailand has floated the idea of curbing the debt service ratio (DSR) by requiring lenders to change the computation method based on a borrower’s overall debt repayment ability instead of each lending product as a means to control household…

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FTA and GSP use by exporters rises 3.4%

The use of free trade agreement (FTA) privileges and the Generalised System of Preferences (GSP) by Thai exporters amounted to US$11.57 billion in the first two months of 2019, up 3.4% from the same period last year.

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Listed banks report fall in Q1 net earnings

Six SET-listed commercial banks’ net profits fell in the first quarter, with the two largest lenders posting softer earnings as weaker non-interest income and a rise in operating expenses dealt a blow.

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Critics slam aid for big three

Academics and consumer groups voiced strong opposition on Friday to Section 44 assistance for the three major telecom operators, saying the move would cost the state 19.7 billion baht and enrich the three firms through reduced financial costs stemming …

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Stimulus package vowed within weeks

An economic stimulus package containing seven measures worth a combined 20 billion baht will seek the cabinet’s approval in the next two weeks with the aim of preventing the economy from losing momentum and growing below its potential.

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Next stage of the rally is here

After underperforming regional bourses, the Thai stock market is expected to recover on the back of economic stimulus as the country awaits the formation of the new government, while global sentiment will be bolstered by Chinese stimulus and a more dov…

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Fitch issues stable outlook on five major lenders

Fitch Ratings has released its ratings and outlooks on five major Thai banks — Krungthai Bank (KTB), Siam Commercial Bank (SCB), Bangkok Bank (BBL), Kasikornbank (KBank) and Bank of Ayudhya (BAY) — to mixed results.

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Apisak: Data request is for ‘fair’ society

The Revenue Department’s demand for the interest income data of all depositors is aimed at closing a loophole used by some small banks in helping their customers shun paying a 15% withholding tax on interest, says Finance Minister Apisak Tantivorawong.

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System D: 2.5 Billion People Can’t Be Wrong

Authored by Mark Nestmann via InternationalMan.com,

Nearly two billion people work in it. And it accounts for perhaps 20% of the world’s total economic activity.

“It” is the black market, or System D, a slang phrase adapted from the French word déb…

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Energy Industry On Edge As Geopolitical Tensions Rise

Libyan oil is still flowing – for now – but a stoppage is becoming increasingly likely as General Haftar’s advance on Tripoli hits a few snags thanks to militia paid for by the UN-backed Government of National Accord (GNA). What happens next in Libya h…

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Is It Time To Invest In Offshore?

After years of neglect due to low oil prices, oil companies are again beginning to devote capex to the offshore, and deepwater sectors. They are able to do this for two reasons. – Retooled project portfolios with breakeven costs in the $30-40 range. – …

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Top Heavy Oil Markets Continue To Rally

U.S. West Texas Intermediate and international-benchmark Brent crude oil managed to eke-out a small gain for the holiday-shortened week, but the volatile, two-sided price action indicated cracks may be developing in the bullish narrative. Crude Oil Gai…

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Yesterday’s Country: Not to Worry, They Can’t Innovate

Guest Post by Fred Reed For many years the United States has regarded itself as, and been, the world’s technological leader. One can easily make a long and impressive list of seminal discoveries and inventions coming from America, from the moon landings to the internet. It was an astonishing performance. The US maintains a lead, … Continue reading “Yesterday’s Country: Not to Worry, They Can’t Innovate”

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The Firm Floor Under Oil Prices

The continued slowdown of US shale production and the looming deadline for Iran sanctions waivers have put a floor under oil prices this week Friday, April 19, 2019 Oil held steady at the close of the week, with a slowdown in U.S. shale and the looming…

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Prepare For An Oil Price Spike

Friday April 19, 2019 1. China’s oil demand remains robust- The bearish case for crude oil this year largely comes down to softening demand, particularly in China.- However, China has defied expectations of an economic deceleration. China just posted s…

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White privilege lecture tells students white people ‘dangerous’ if they don’t see race

Via The College Fix     BOSTON — During a guest lecture at Boston University on Monday, University of Washington Professor Robin DiAngelo told the audience a “dangerous white person” sees people as individuals rather than by skin color. DiAngelo, whose main field of work is “whiteness studies,” added that those who say they were … Continue reading “White privilege lecture tells students white people ‘dangerous’ if they don’t see race”

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Can Haris revive FGV?

KUALA LUMPUR (April 20): Ever since Datuk Haris Fadzilah Hassan was appointed CEO of FGV Holdings Bhd in late January this year, there have been questions as to how he would fare. Would he take the bull by the horns and turn the ailing FGV’s fortunes a…

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2:00PM Water Cooler 4/18/2019

Today’s Water Cooler: China and WTO, Biden to run, Buttigieg (Zuckerberg; donors), Harris, Moulton (!), Sanders, Warren, Yang, RussiaGate, super-delegates, jobless claims, leading indicators, retail sales, Sears, Lyft, CA carbon tax debacle, real-time …

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FRIDAY FAIL

https://i.chzbgr.com/completestore/16/3/21/F1ksbVgfsU6AiNCBFt8uVw2.mp4 It was supposed to provide the perfect festive romantic moment: a mistletoe drone that would get diners at TGI Friday’s to kiss on camera. But the restaurant’s plan to lure in festive diners went horribly wrong after one of the machines smashed into a photographer’s face at a launch event in New York. Georgine … Continue reading “FRIDAY FAIL”

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Armed Militia Rounding Up Migrants At Southern Border

A New Mexico militia operating along the border with Mexico has been stopping groups of migrants who have illegally entered the country, holding them at gunpoint, and then handing them over to Border Patrol agents, according to the New York Times. 
Fac…

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Why Russia Fails To Speed Up Production Cuts

Russia’s crude oil production stood at around 11.24 million bpd in the first 18 days of April, Reuters reported on Friday, citing an industry source. This means that the leader of the non-OPEC group part of the OPEC+ deal has yet to fall in line with t…

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Guaido Takes Strides To Topple Maduro

The US-recognized interim president of Venezuela called on the country’s people to hold the “largest march in the history of Venezuela” to urge Nicolas Maduro to leave office as the country languishes in chaos. “We call on all the people to join in the…

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