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Hyperinflation in Turkey led to higher banking profits

Due to hyperinflation in Turkey, ING has to depreciate heavily on assets in that country. This saves 277 million euros in Net Profit. The bank is still posting a result of almost 1.2 billion euros, according to the presentation of figures for the second...

An increase in tourism and domestic consumption warmed up Thailand economy (a bit)

The Thai economy improved in June and momentum should continue in the second half of the year thanks to an increase in tourism and domestic consumption as Pandemic restrictions ease, a central bank official said on Wednesday. While the tourism boom is a good boost...

Thailand’s industrial sentiment shows steady growth

Thailand's industrial sentiment picked up in June for the first time in three months, thanks to a easing of COVID-19 restrictions and improved economic activity, an industry group said on Wednesday. The Federation of Thai Industries (FTI) said its industry sentiment index rose from 84.3...