A good relationship with the Cambodian government would be a prerequisite for the resumption of negotiations on overlapping claims to natural gas resources in the Gulf of Thailand, experts said,…
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A good relationship with the Cambodian government would be a prerequisite for the resumption of negotiations on overlapping claims to natural gas resources in the Gulf of Thailand, experts said,…
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Thai Airways International (THAI) is expected to exit the court sanctioned rehabilitation plan three months ahead of schedule, in the middle of next year, as the airline’s performance has been…
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Seoul : Tens of thousands of scouts are set to gather for a massive K-pop festival in Seoul on Friday, as South Korea seeks to salvage a problem-plagued jamboree with…
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Amid sliding exports and the sluggish world economy, tourism is playing a key role in shoring up Thailand’s economy. The tourism industry has generated 1.1 trillion baht revenue for the country…
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Prices of jasmine have increased as the country prepares to celebrate Mother’s Day on August 12. Following Thai tradition on this special day, children will present jasmine garlands to their…
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Delay in the formation of the new government has caused the Tourism Council of Thailand (TCT) to adjust its estimate of tourist arrivals this year down to 28 million, from…
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Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates, with inflation for the whole year expected to range between 1% and 2%,…
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Thailand is due to hold the 5th Indo-Pacific Economic Framework’s (IPEF) Negotiation Round, from September 10-16, according to an informed source. Thailand is one of the 14 founding signatories to…
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The government has recently issued a new ministerial regulation, requiring all mega projects to undergo a strategic environmental assessment (SEA), on top of the existing environmental impact assessment (EIA) and…
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South Korea has spent billions of dollars on policies to boost its birth rate. But when Kim Kyu-jin and her wife wanted to have a baby, they had to fly…
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Economic experts are not happy with the policies pursued by the outgoing administration to increase the income of Thai households, as well as the proposals of the parties who could…
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The Bangkok Metropolitan Administration will revoke the construction permit for the luxury Ashton Asoke condominium in Bangkok’s Sukhumvit area, as ordered by the Supreme Administrative Court, but the owner can…
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Thailand could face a “lost year” if the country delays the process of forming a new government until May next year, according to Assoc. Prof. Dr. Thanavath Phonvichai, the president…
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Thailand’s Department of Rail Transport will seek approval from the new government for the implementation of four train projects, with a total estimated investment of 63.4 billion baht investment. According…
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Thailand is well-known for its brightly coloured tuk-tuks, which are as much of a feature of the country as the ancient temples built during the Ayutthaya period. Today, the country…
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The prices of new houses and condominium units in and around Bangkok have steadily been risen in the past two quarters of the year, due to higher land prices, increasing…
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Diplomatic relations between Saudi Arabia and Thailand were re-established in 2022, ending several decades of rift between the two countries. This led to growing economic cooperation. Thai entrepreneurs had been…
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Household debt in Thailand has climbed to an average of 559,408 baht per household, an increase of 11% compared to last year, due to slow economic recovery, the COVID19 pandemic,…
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Most business leaders in Thailand are concerned that the delay in the formation of a new government and post-election political conflicts will impact the Thai economy during the second half…
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Thailand’s exports have contracted for nine months in a row, but are expected to rebound during the second half of this year, with export growth of 1-2% for the whole…
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The Pheu Thai Party’s economic platform is back in focus now that it has been tasked with the responsibility of forming the next government. Pheu Thai, which has the second…
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Three leaders of Thailand’s private sector are urging the speedy formation of a new government, insisting that the country, particularly the national economy, cannot afford to wait up to ten…
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About 40% of Thai people are most concerned about their financial problems, spending, political uncertainty and corruption, according to a survey conducted in 30 countries by Ipsos, a market research…
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The International Monetary Fund has slightly upgraded its outlook for global growth this year on the back of resilient service sector activity in the first quarter and a strong labor…
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Thailand’s state welfare card holders will soon be able to use the 750 baht/month travelling subsidy, provided by the government, to travel by boat, “song thaew” and other transport services…
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Several of Thailand’s business leaders are expressing concern over political instability. A new government has still not been formed since the general election in May. The business community is asking…
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The Finance Ministry has collected about 1.95 trillion baht in total revenues during the first nine months of the 2023 fiscal year, beginning last October, which is 136 billion baht…
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For the first time since reliable records have been kept, Thailand is experiencing a tourism deficit with Japan, according to statistics for the first 6 months of 2023, revealed the…
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Thailand’s household debt has ballooned to almost 16 trillion baht, with more and more Thais at risk of defaulting on their loan repayments. The pressure then falls on guarantors, who…
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It has become a trend in China as well as in Taiwan, where a large number of young people flock to buy electric wheelchairs to facilitate mobility and prioritize many…
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Thai people are burdened with high household debt. For many of them, the burden starts early and can last a lifetime. Some young adults, in particular, have racked up massive credit…
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While accommodating potential Olympic visitors is one topic to fret about 12 months ahead of the Paris Games, there are also concerns that the sports showpiece could exacerbate existing issues…
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As the Pheu Thai party takes over from the Move Forward party at the core of the government- forming 8-party coalition, it is a good time to take a look…
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The Thai private sector is ready to work with the new government, but it does not expect the administration to be in place until August or September, according to Sanan…
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A report on gender equality and development shows that, despite significant progress in education equality, the disparity still exists. The literacy rate of Thailand’s adult females in 2022 was 92.4%,…
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The Asian Development Bank cut its inflation forecast for developing Asia on Wednesday, as food and fuel prices eased, supply chain disruptions waned and interest rate hikes started to bite….
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The new head of the World Bank said Tuesday that growing divides between rich and poor nations risked deepening poverty in the developing world, at a meeting of G20 finance…
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Language barriers and cultural differences remain major obstacles to globalised trade, in a world that might not be as interconnected and integrated as we think. While cultural and linguistic diversity…
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Indian tourists are streaming into Southeast Asia, cementing the world most populous country’s position as a key growth market for a travel and tourism sector that is feeling the pinch…
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Delay in the formation of the new government will impact the disbursement of the 2024 national budget, especially investment in new mega projects, which may not be launched, according to…
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The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has proposed two ways by which the government could cut the FT (fuel tariff) on electricity charges for the September-December…
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From October, France will pay a bonus to encourage people to have their clothes and shoes repaired rather than throwing them away, the government said. The move aims to cut…
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Consumers will be expected to pay more for chicken eggs after poultry farmers agreed to charge an extra 20 satang per egg, bringing the ex-farm price to 4 baht each…
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Singapore-based United Overseas Bank (UOB) will shut down all accounts belonging and relating to Myanmar’s Myanmar Airways International (MAI) by August 15th. Documents, supposedly leaked from within MAI, show that…
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The Tourism Authority of Thailand (TAT) has set an ambitious goal of welcoming 68.5 million foreign tourists in 2028, which will generate an estimated total revenue of 5.6 trillion baht,…
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The Airline Association of Thailand presented three strategies, to revive the tourism industry, Thailand’s economy and to support the aviation sector, during a meeting today (Tuesday) with Move Forward Party…
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Fitch credit rating agency has affirmed Thailand’s long-germ foreign-currency issuer default rating (IDR) at BBB+, with a stable outlook. Fitch warns, however, that lingering political uncertainty may weigh on Thailand’s…
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Thai durian exporters have capitalised on the ASEAN-China free trade agreement (FTA) and the Regional Comprehensive Economic Partnership Agreement (RCEP) by exporting about US$2.8 billion worth of fresh durian to…
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Thailand’s next leader should implement policies for solid development, to solve issues in the domestic economy, the bureaucratic system, and leverage cooperation with neighbouring countries, according to President of American…
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China said on Monday it will impose export restrictions on gallium and germanium products used in computer chips and other components to protect national security interests. The decision, widely seen as retaliation for U.S. curbs on…
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Bangkokians are getting more commuting options. The Yellow Line recently began daily trial runs. The route starts from Lat Phrao Road, one of the most congested areas in the city, snakes…
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Foreign buyers will fuel growth in Thailand’s property market during the second half of this year but domestic buyers have not fully regained their purchasing power due to unfavourable factors,…
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The Stock Exchange of Thailand (SET) Index has been heading south in recent days due to poor market sentiment, partly caused by the accounting scandal at Stark Corporation Public Company…
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Naresuan University, in Thailand’s northern province of Phitsanuloke, has been researching crickets as an alternative source of protein, with a vision that this insect could address a protein shortage in…
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Despite the various degrees of content limitation and changes Southeast Asia media are facing, all online media in the region, and probably globally, are now struggling financially. As social media…
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The Business Development Department (BDD) has explained that the status of iTV Public Company is “currently operational”, which has no legal definition, but means that it is a corporate entity…
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Thailand’s next government should implement sustainable policies to fortify the cooperation between the EU and Thailand, including an EU-Thailand Free Trade Agreement. In an exclusive interview with Thai PBS World,…
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The domestic MICE (Meeting, Incentive, Convention, Exhibition and Event) industry has long played a major role in helping the travel industry and stimulating the economy when international demand has significantly…
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The latest action of Thailand’s Election Commission (EC) to investigate the main prime minister hopeful has heightened political uncertainty in the country with the potential to hurt market sentiment, according…
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Japanese auto maker Isuzu has no plan to move its production plants from Thailand to Indonesia, as reported by Indonesian media, according to Narit Therdsteerasukdi, secretary-general of Thailand’s Board of…
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Raising the daily minimum wage to 450 baht, as promised in election campaign, addresses the cost of living, being pushed up by electricity, diesel and transportation prices, according to Move…
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Two economists from the World Bank, Ndiame Diop and Hassan Zaman, have stressed the critical need for political stability, urgent reforms and the development of high-value-added sectors in Thailand, to…
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The rate of inflation in Thailand has dropped for five consecutive months, to 0.53% in May, which is the lowest for 21 months, thanks to the reduction in electricity and…
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Thailand’s Excise Department will propose that the new government provide at least 3 billion baht to subsidise electric vehicles (EV), to encourage people to switch to them to reduce greenhouse…
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Thailand’s rice output this year may drop by as much as 6%, to between 25.1 and 25.6 million tonnes, due to the impacts of the El Niño weather phenomenon, according…
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The Bank of Thailand’s monetary policy committee unanimously voted on Wednesday to increase the policy rate by 0.25 percentage point to 2%, with immediate effect. Piti Disyatat, secretary of the…
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Any delay in getting the new government in place could damage the country, as the international community is watching closely, Sanan Angubolkul, chairman of the Thai Chamber of Commerce (TCC)…
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Thailand’s continuing export contraction, now in its seventh consecutive month, with April down by 7.6% year on year, will pose a real challenge for the new government, according to a…
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The Move Forward Party, the leader of the coalition tipped to form the next government after the May 14 election, has proposed using zero-based budgeting (ZBB) to replace the current…
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Despite slowing inflation, the residential market in the first few months of 2023 has been sluggish, the real estate sector reports. Overall, the housing demand in Thailand has dropped and…
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Raising the minimum wage in Thailand to 450 baht a day will make workers happy, but certainly not business operators, as reflected in the negative opinions voiced by various business…
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The construction of three suburban electric train lines in and around Bangkok, the orange, yellow and pink lines, is over 90% complete and proceeding according to plan, with the pink…
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Thailand is expected to earn 70 billion baht from the five-day food and beverage trade fair THAIFEX-Anuga Asia 2023 as the event returns in full force for the first time…
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The Federation of Thai Industries (FTI) will submit a five-point proposal, including the new minimum wage and energy fees, to the new government for urgent consideration. The FTI’s move follows…
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Move Forward’s leader Pita Limjaroenrat stole the limelight again on Tuesday by using a motorcycle taxi to go to a meeting at the Federation of Thai Industries (FTI). He did…
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Members of the Federation of Thai Industries (FTI) are scheduled to meet with key members of the Move Forward party, to express their concern over the party’s policy to increase…
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If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone. The repercussions of a first-ever default on the…
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Amid the strong likelihood of the next government being formed by a coalition led by the Move Forward Party, the biggest gainer in the May 14 general election with 152…
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House prices in Thailand are expected to increase towards the end of this year due to the rising costs of construction materials and land, as well as the anticipated minimum…
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Most of the major political parties campaigning for the general election on May 14 are focusing heavily on reaching out to voters through populist platforms, such as cash handouts, farm…
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The Thai cabinet approved the allocation of 10.464 billion baht from the Central Fund today (Tuesday), to subsidise electricity charges for 18.32 million households from May through August and for…
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The world’s population is getting older. And Thailand is among the fastest-aging societies in the world. Of its 67 million population, more than 12 million Thais are elderly, according to…
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Travel experiences in Asia Pacific have returned to rapid growth since the region reopened borders for regional and long-haul travel. However, the industry – especially tour activities and attractions –…
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Security guard Nopporn Net-aram does not expect much on Labor Day, marked on May 1 every year. Nor does he have high hopes of the May 14 election. “I always…
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The agriculture sector has always held an important place in Thailand, even though the country’s agricultural output accounts for less than 10 percent of gross domestic product (GDP). The sector’s importance…
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Thailand’s imports of luxury and beauty enhancement products, such as brand-name bags, fillers and Botox, during the first half of the 2023 fiscal year increased by 40% year on year,…
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Thailand’s Industrial Sentiment Index (TISI) was at its highest for a decade in March, boosted by a rebound in domestic demand, production increases and improved performance, with the exception of…
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Thailand, Vietnam and India are the Asian countries which have most improved their ranking over the past year in the list of the best countries in which to do business…
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Thailand expresses gratitude and respect for the older generation every year on April 13, National Elderly Day. Yet, every year the number of senior Thais in dire straits, struggling to…
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Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn…
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PTT and Bangchak have announced that they will not increase fuel prices at their gas stations nationwide for one week, while people travel during the Songkran festival, to negate concerns…
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Traders have been warned not to sell high-pressure water guns or face up to three years in prison and/or a maximum fine of 600,000 baht, Office of Consumer Protection Board…
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The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical…
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The latest populist promise by the Pheu Thai Party of digital currency handouts has stirred a hot debate on the policy platforms of parties contesting the May 14 general election….
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World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse…
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A continued slowdown in almost all the world’s advanced economies is expected to drag global growth below three percent this year, the International Monetary Fund’s managing director warned on Thursday….
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This year’s Songkran is set to be the most lively since Thailand began living with the COVID-19 pandemic three years ago, with total spending among Thai and foreign revellers estimated…
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The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China’s abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region’s prospects….
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The UK’s announcement that it will soon join 11 other countries in a major Asia-Pacific trade partnership — the country’s biggest post-Brexit trade deal to date — earned a mixed…
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Bank customers who want to transfer more than 50,000 baht electronically from their bank accounts are required to have their faces scanned to confirm their banking transactions, under a new…
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