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Libya interim leader tasked with forming new cabinet

Libya's parliament tasked the interim prime minister on Tuesday with forming a new cabinet, weeks after ousting his predecessor for failing to rein in the lawlessness gripping the country. Prime minister Abdullah al-Thani, defence minister under ousted premier Ali Zeidan, will face the daunting task of bringing former rebel brigades to heel following the 2011 NATO-backed uprising that ended Moamer Kadhafi's four-decade rule.

Protest-hit Thai economy slows in fourth quarter

Thailand's economy grew 0.6 percent in the final three months of 2013 compared with the same quarter a year earlier, data showed Monday, as political turmoil hit consumer confidence and tourism. With no end in sight to more than three months of anti-government protests, the National Economic and Social Development Board (NESDB) also trimmed its growth outlook for 2014. The fourth-quarter gross domestic product growth figure represents a sharp slowdown from the 2.7 percent year-on-year expansion in the previous quarter.

Urgent: Thai king approves general election on Feb.2

Urgent: Thai king approves general election on Feb.2 BANGKOK, Dec. 9 (Xinhua) -- The Thai king on Monday approved the dissolution of the House of Representative and the holding of the next general election slated for Feb. 2, 2014, according to the Royal Gazette.

Thai economy grows 2.7% in third quarter

Thailand's economy grew at a lower-than-expected pace in July-September, data showed Monday as the government cut its forecast for the year while analysts warned political turmoil could inflict further damage. On a year-on-year basis, gross domestic product (GDP) expanded 2.7 percent in the third quarter of 2013, weaker than the adjusted 2.9 percent in April-June, the National Economic and Social Development Board (NESDB) said.

Thai economy grows 2.7% in third quarter

Thailand's economy grew at a lower-than-expected pace in -July September, data showed Monday as the government cut its forecast for the year while analysts warned political turmoil could inflict further damage. On a year-on-year basis, gross domestic product (GDP) expanded 2.7 percent in the third quarter of 2013, weaker than the adjusted 2.9 percent in April-June, the National Economic and Social Development Board (NESDB) said.

Luxury cars, land seized from disgraced Thai monk

Thailand has seized nearly $800,000 worth of assets, including a Porsche and a Mercedes-Benz, from a monk who was disrobed for a controversial trip in a private jet, authorities said Friday. Thailand's Anti-Money Laundering Office (AMLO) said Wiraphon Sukphon was suspected of deceiving people to give him donations. "Monks can receive donations and must use them for the benefit of the public, not for private use and their own personal comforts," Police Colonel Seehanat Prayoonrat, secretary of the AMLO, told AFP.

Thai economy contracts in first quarter

Thailand's economy shrank 2.2 percent in the three months to March from the previous quarter -- the first contraction in more than a year -- as manufacturing output fell, official data showed Monday. The decline followed a blistering year-long recovery from devastating floods in late 2011 that hit major factories north of the capital Bangkok and caused a double-digit drop in gross domestic product (GDP). On a year-on-year basis, GDP expanded by 5.3 percent in the first quarter of 2013, the government's National Economic and Social Development Board (NESDB) reported.

Thailand holds rates amid upbeat outlook

Thailand's central bank left its benchmark interest rate unchanged at 2.75 percent on Wednesday, with policymakers citing the ongoing strength of the kingdom's economy. The Bank of Thailand said domestic demand was expected to continue to be a key engine for growth, supported by buoyant household income and high employment. "The Thai economy is projected to moderate towards a normal trend in the first quarter of 2013, after accelerating in the previous quarter," said assistant governor Paiboon Kittisrikangwan.

Thai economy soars in Q4 on post-flood recovery

Thailand's economy enjoyed record growth in the fourth quarter of 2012 as industry recovered from the impact of the kingdom's worst floods in decades, official data showed Monday. Gross domestic product (GDP) soared 18.9 percent in the three months through December from the year-earlier period according to the government's National Economic and Social Development Board (NESDB). GDP rose 3.6 percent compared with the previous quarter. Strong domestic and international demand helped to drive the strong performance, said NESDB secretary general Arkhom Termpittayapaisith.
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