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Thailand is betting on "revenge spending” by tourists and a rush of travelers from Europe and the US looking to trade harsh winter at home for tropical weather to accelerate a recovery in its tourism industry.
Thailand expects eight million to 10 million foreign tourist arrivals this year after reopening the country to visitors, the finance minister has confirmed.
Singapore’s overall inflation rose to a more than eight-year high in October, helped by higher car prices and housing rents, while core inflation climbed to its highest in nearly three years.