Domestic car sales shrank for a 17th straight month in October, down 1.4% from a year earlier to 74,114 vehicles, after a 4.1% fall in the previous month, the Federation of Thai Industries (FTI) said on Tuesday. The improved sales were helped by relaxed coronavirus restrictions, government relief measures and launches of new car models, […]
Read MoreBorrowers showed improved debt-servicing ability in the third quarter, especially for numerous auto loan customers that exited from the Bank of Thailand’s debt relief measures. Commercial banks provided financial assistance to customers worth a total of 3.78 trillion baht from July to September, making up 26% of the commercial bank industry’s total outstanding loans, said […]
Read MoreVietnam will see strong growth in industrial property next year due to higher demand for industrial parks as business expand production or relocate out of China, according to Savills Vietnam. “In the coming years, particularly 2021 and 2022, I think we are going to see a big emphasis on supply,” John Campbell, Industrial Services, Savills Vietnam, told Việt Nam News. “This […]
Read MoreUNEVEN economic growth in Asia is likely to persist for some time, while it is uncertain if the current recovery in some Asian economies may be sustained. Such a scenario points to various vulnerabilities arising from record budget deficits, rising debt levels, geopolitical risks and uncontrollable virus infections. Malaysia’s economy may have posted a smaller […]
Read MoreThe Lao government has announced that additional bonds worth 3.2 trillion kip ($346 million) and $50 million will be available for trade on the Lao Securities Exchange (LSX) through the co-arrangers Lanexang Securities Public Company, BCEL-KT Securities Co Ltd, and Lao-China Securities Co Ltd. A news conference on the offering of the bonds took place […]
Read MoreBANGKOK (CNA) – Thailand’s central bank has the necessary policy tools to handle the strengthening of the baht, the Finance Minister said yesterday, as the currency hit its highest level in more than 10 months against the United States (US) dollar. The baht’s strength has been driven by foreign inflows, partly due to optimism over […]
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