Xinhua world economic news summary at 0930 GMT, Oct. 10
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BANGKOK -- The Siam Commercial Bank (SCB), one of Thailand's biggest commercial banks, expected the country's economy to return to 2019 growth levels in mid-2023 amid improving domestic and international demand.
Undermining damages from economic scars, including worsening business dynamics, increasingly fragile labor market conditions as well as deteriorating household and small and medium enterprises' balance sheets, mean that overall recovery of the Southeast Asia's second-largest economy would be gradual, according to a report released by the SCB Economic Intelligence Center. (Thailand-COVID-19-Economy)
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NEW DELHI -- Chief Minister of India's Delhi Arvind Kejriwal Saturday said the national capital could face a power crisis.
Kejriwal said his government has written to the country's Prime Minister (PM) Narendra Modi, seeking his intervention in making adequate arrangements of coal and gas to power generation plants, so as to ensure electricity supply to the city. (India-Delhi-Power crisis)
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GABORONE -- Botswana is exploring meaningful ways of ensuring the tourism sector benefits all, particularly women and youths, the southern African country's tourism minister said Saturday.
"Our economic empowerment and emancipation plan is focused on youths, women, the indigenous and minority groups," said Philda Kereng, Minister of Environment, Natural Resources Conservation and Tourism when sharing Botswana's commitment to an inclusive tourism economic recovery and growth in a speech to mark a belated World Tourism Day. (Botswana-Economy-Tourism)
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TIRANA -- Albanian Prime Minister Edi Rama unveiled on Saturday the government's emergency plan to overcome the expected energy crisis, in a bid to protect most vulnerable Albanians, consumers and small enterprises first.
In a press statement issued on Saturday, Rama declared that the plan to overcome the energy crisis will be based on three main pillars, including guaranteeing constant energy power, protecting families and small enterprises from increased prices, and procuring financial means to buy energy. (Albania-PM-Energy) Enditem
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