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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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Vietnam to see boom in supply of industrial property next year: Savills

Vietnam 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 […]

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Risks to uneven economic growth in Asia

UNEVEN 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 […]

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