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Thailand: Prices heading sideways down

The gold price is likely to move sideways down in the short and medium term, pressured by the progress of Covid-19 vaccines, but the long term price is still expected to trend upwards, supported by global central banks’ money-easing policies. The global gold price briefly fell on Monday night as Moderna announced that its vaccine […]

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Vietnamese brands thirsty for support policies

The Hanoitimes – Many Vietnamese enterprises do not truly understand the significance of brands or see them as a long-term investment. While Vietnam is beefing up global integration, brand building is a key step to help Vietnamese products compete with their foreign peers. However, there is still a lack of efforts from both enterprises and local […]

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Philippines: Fresh vaccine hopes propel stocks higher

MANILA, Philippines — Share prices got a much-needed boost from another COVID-19 vaccine breakthrough, halting the market’s decline over the past three trading sessions. Investors yesterday rejoiced on news that US biotech firm Moderna’s experimental COVID-19 vaccine appears to be 94.5 percent effective. It marked the second time this month that a company unveiled such […]

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Thailand: October domestic car sales fall 1.4% y/y

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, […]

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Thailand: Repayment progress in Q3

Borrowers 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 […]

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