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Monday, April 29, 2024

Hotel, retail shares plunge beneath new Covid wave

A health worker administers the CoronaVac vaccine, developed by China’s Sinovac firm, to a woman from an at-risk group following a Covid-19 coronavirus cluster traced to entertainment venues, at a makeshift clinic at Saeng Thip sports ground in Bangkok on Wednesday. (AFP photo)

Thailand’s benchmark SET Index of stocks dropped as much as 1.4% as Prime Minister Prayut Chan-o-cha said he’s concerned about a new wave of Covid-19 infections sweeping the nation’s capital and hinted at fresh control measures to stem the outbreak that’s already forced the closure of dozens of nightlife entertainment venues.

Gen Prayut chose to hold the weekly cabinet meeting on Wednesday via video conference after Transport Minister Saksayam Chidchob, secretary-general of the Bhumjaithai Party, tested positive for…

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