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Consumer confidence rises for first time in June

Thailand’s consumer confidence rose in June for the first time since 2009 amid signs of economic recovery in the country’s infrastructures.

The index advanced to 65.4 from 64.3 in May, according to data released by the University of the Thai Chamber of Commerce in a survey conducted nationwide of 2,245 respondents.

Thailand’s policy makers have pledged more than 1.4 trillion baht ($41 billion) of investment from 2009 through 2012. The stimulus in restoration of investors’ confidence was generally welcomed by the business sector.

The Bank of Thailand holds its benchmark interest rate for one-night bond repurchase at 1.25, the lowest level since 2004 to help boost loans and spending.

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