Thailand’s car manufacturing for export from January to May decreased by 40% year-on-year to 72,527 units due to sluggish purchase orders, particularly from the European and US markets, says the Federation of Thai Industries (FTI). In May, car production for export fell by 23% year-on-year to 13,925 units. The decrease was attributed to the prolonged […]
Read MoreThe fields of medical services, beauty and e-commerce are tipped to see the brightest prospects in the second half of the year, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC). Thanavath Phonvichai, UTCC president, said the pandemic caused people to pay more attention to their healthcare, diet and […]
Read MoreDomestic car sales rose 15.71% in May from a year earlier to 64,735 units, helped by an easing of Covid-19 curbs and government stimulus measures, the Federation of Thai Industries said on Thursday. Sales in April rose 9.11% year-on-year. Source: https://www.bangkokpost.com/business/2332468/domestic-car-sales-up-15-71-y-y
Read MoreSINGAPORE consumer prices continued to climb in May, with headline inflation hitting 5.6 per cent, up from 5.4 per cent in April, according to the latest data on Thursday (Jun 23). The consumer price index (CPI) reading now stands at its highest since late 2011, and beat the median forecast of 5.5 per cent in […]
Read MoreKUALA LUMPUR: Malaysia’s economic recovery is in a better direction, as the performance of the Leading Index (LI) for April 2022 eased to a better negative of 0.5 per cent from a negative 1.4 per cent in March 2022, said the Department of Statistics Malaysia (DoSM). The LI is a predictive tool used to anticipate […]
Read MoreThailand’s customs-based exports rose a faster than expected 10.5% in May from a year earlier, helped by more shipments of oil and passenger cars, according to customs department data. That compares with a forecast for a rise of 6.7% in May in a Reuters poll. Imports jumped 24.1% year-on-year in May, with a trade deficit […]
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