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 […]
Read MoreThe government should speed up providing assistance to groups badly affected by Covid-19, such as hotel operators in Phuket, according to academics. At a forum arranged by the Foundation for Labour and Employment Promotion, Kiriya Kulkolkran, a lecturer at the Faculty of Economics Thammasat University, said the number of foreign tourists in the country has […]
Read MoreDomestic 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 […]
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