Domestic car sales shrank for a 15th straight month in August, falling 12.1% from a year earlier to 68,883 vehicles as the coronavirus outbreak crushed demand, the Federation of Thai Industries said on Thursday. However, sales increased 16.1% from July, helped by easing virus restrictions, a motor sales event and launches of new car models, […]
Read MoreFree trade agreements (FTAs) that Vietnam has signed with its partners have been an important factor attracting foreign investments to the country. In the first eight months of 2020, Vietnam attracted 19.5 billion USD in foreign direct investment (FDI), down 13.7 percent year-on-year. There were 1,797 new FDI projects licensed, with registered capital totalling 9.73 […]
Read MoreMANILA, Philippines — Wealth was wiped out from most of the Philippines’ richest people this year as the pandemic left some businesses struggling while others benefitted from a change in consumer behavior brought by the health crisis. In the latest Forbes ranking of 50 wealthiest Filipinos, the Sy siblings controlling the country’s largest mall chain, […]
Read MoreThai aviation faces a real threat in the fourth quarter when operating costs surge again after the government’s aid measures end, while some carriers may not get the soft loans the prime minister has promised. After a meeting between seven airlines and Prime Minister Prayut Chan-o-cha on Aug 28, there remains no conclusion on how […]
Read MoreINDONESIA’S August trade figures remained weak, with imports in particular expected to continue underperforming due to weak domestic demand, said economists after the release of official data on Sep 15. Though improving marginally from July’s year on year declines, both imports and exports remained weak. Imports were down 24.2 per cent year on year, while […]
Read MoreIndonesian ride-hailing and food delivery giant Gojek, whose Thai unit Get recently moved to unite under the same brand, on Wednesday launched the Gojek app in Thailand with a heavy subsidy for the platform’s users in order to gain ground in the highly competitive market. E-commerce pundit Pawoot Pongvitayapanu said the unified brand under Gojek […]
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