The spread of new Covid-19 variant Omicron brings a fresh concern to automakers as they open Thailand International Motor Expo on Wednesday, hoping to promote the electric vehicle (EV) era in the country. If Omicron is identified as a virulent strain, it will affect the automotive industry and overall economy, said Takeshi Kasahara, vice-president of […]
Read MoreMANILA, Philippines — The Philippines maintained its position as the second fastest growing market for motor vehicle production and sales in Southeast Asia, registering double-digit hikes in the 10 months to October. Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) data showed a total of 71,758 motor vehicles were assembled in Philippine plants in […]
Read MoreSINGAPORE – Singapore’s labour market is slowly recovering – with more residents being employed and incomes rebounding – but unemployment rates continue to lag behind pre-pandemic levels, according to advance estimates released by the Ministry of Manpower (MOM). The incomes of residents – Singaporeans and permanent residents – rose above pre-Covid-19 levels this year, rebounding […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is pursuing digital solutions to enable offline payments as part of efforts to boost financial inclusion under the government’s Digital Payments Transformation Roadmap. During a virtual conference themed, “Building Back Better: Harnessing Digitalization Towards a Transformed Philippines” organized by the Philippine Economic Society (PES), BSP Governor […]
Read MoreThailand’s manufacturing production index (MPI) in October rose by 2.91% year-on-year to 97.99 points, close to the level recorded for the corresponding month in 2019 — prior to the pandemic, as the industrial sector looks set to gain momentum, says the Office of Industrial Economics (OIE). The improved manufacturing outlook was attributed to various factors […]
Read MoreThe daily consumption of fuel in Thailand fell 5.1 per cent in the first 10 months of this year compared to the same period last year. However, the Department of Energy Business said fuel usage picked up in October once pandemic restrictions were lifted. Nantika Thangsupanich, the department’s director-general, said on Monday that the daily […]
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