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Thai companies venture abroad as economy slows

With the kingdom registering growth rates that are lagging peers in South-east Asia, firms such as Siam Cement are looking to expand in Vietnam, Cambodia, Myanmar and Laos
Wednesday, June 21, 2017 - 05:50

Thai companies benefit from factors such as strong domestic cash flows and access to debt capital at highly attractive terms, says David Aronovitch, Morgan Stanley's co-head of investment banking for South-east Asia.


BOGGED down by policy uncertainty under military rule, companies in Thailand are spreading out.

Thai businesses invested a record US$13 billion abroad in 2016, dwarfing inflows of US$1.6 billion, according to the United Nations Conference on Trade and Development (UNCTAD

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