BoI Approvals Set to Shrink in Thailand

Board of Investment (BoI) applications for privileges will probably not surpass 600 million baht by the end of the year. This would reflect a 7.69% decrease from last year. Political turmoil in Thailand may have hurt the country's image in the past few years, especially with new investors.

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Creation of Agency on Nuclear Energy is Planned in Kazakhstan

Kazakhstan's government aims to create an agency on nuclear energy.

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India's Government to Allow More Private Participation in PPP Projects on Cards

India's government is currently discussing plans to change the model concession agreement to allow more qualifying bidders for road projects. The government plans to modify the shortlisting norms for public-private partnership projects in highways.

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Russian Bankers Get Wish For Extra Liquidity

The government has pledged to provide Russia's three largest banks with greater access to funds. The Finance Ministry and the Central Bank are also planning to provide additional liquidity within the next week.

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Australian Senators Set to Support Luxury Car Tax Increase

The Senate is expected to clear a controversial luxury car tax increase today. Those opposed to the tax increase say that it unfairly hits primary producers and tourism operators. To appease the opposition, farmers and tour operators will now receive a $3,000 tax rebate for each vehicle in operation.

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China Eases Policy Decisively to Support Economy

For the first time since February of 2002, China's central bank cut the cost of bank loans. In addition, the People's Bank of China lowered the reserve requirement by 1% for almost all banks. The two moves by the central bank are attempts to stimulate the country's slowing economy.

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Workers Pile Pressure for Pay in Bangladesh

Garment factory workers and trade union leaders are putting pressure on factory owners for the payment of their salary and bonuses by the 20th of Ramadan. Some factory owners have not yet decided how much they will give in bonuses. Several trade union leaders have accused factory owners of purposely delaying giving out the bonuses.

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