Weakening purchasing power following business disruptions caused by the COVID-19 pandemic has battered the country’s automotive industry, forcing carmakers to significantly lower their car sales targets this year. The Association of Indonesian Automotive Manufacturers (Gaikindo) cut its domestic car sales target this year by 40 percent to just 600,000 units as the government’s large-scale social […]
Read MoreDomestic car sales shrank for an 11th straight month in April, tumbling 65.02% from a year earlier to 30,109 vehicles, as the coronavirus outbreak dampened demand, the Federation of Thai Industries (FTI) said on Wednesday. Sales in March slumped 41.74% from a year earlier. It was the 11th consecutive month of decreases after more than […]
Read MoreKUALA LUMPUR, May 20 — Malaysia’s consumer goods price inflation dropped 2.9 percentage points in April compared to the same period last year, with fuel recording the sharpest drop, official figures released showed today. The Department of Statistics’ latest inflation data marks the lowest monthly year-on-year consumer price index rate, but was expected as the […]
Read MoreMANILA, Philippines — Economists expect a bigger drop in remittances from overseas Filipino workers (OFWs) this year due to job losses resulting from lockdowns in host countries amid the coronavirus disease 2019 or COVID-19 pandemic. Euben Paracuelles, economist at Japanese investment house Nomura, said the amount of money sent home by OFWs to their loved […]
Read MoreAfter lagging other Asian currencies for most of the year, Thailand’s baht has staged a sharp rebound to outperform its peers. The baht has rallied almost 1.5% in May after dropping over 7% in the first four months of 2020. The catalyst? Traders are betting Thailand’s tourism-dependent economy will recover swiftly from the virus-induced slump […]
Read MoreThe Hanoitimes – AEONMall is pushing forward for the construction of the third shopping mall in Hanoi. Vietnam in general and Hanoi in particular is a priority for investment for AEONMall, stressed Tetsuyuki Nakagawa, director general of AEONMall Vietnam, in a meeting with Secretary of the Hanoi Party Committee Vuong Dinh Hue, also attended by Deputy […]
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