While Covid-19 has had a big impact on the economy and most people, it has not hurt the rich. They are stil spending big money on luxury car models. Some buyers in Hanoi said they had signed contracts to buy a Mercedes car in October but would get delivery in December. As the supply is […]
Read MoreThe Federation of Thai Industries (FTI) has expressed serious concerns about the baht’s appreciation and its impact on the export sector, which covers farm produce, food and consumer products. The FTI called on the government on Tuesday to carefully manage the baht’s value and its exchange rates in order to help local industries struggling to deal […]
Read MoreGovernment-sponsored development banks of Japan, China and the Republic of Korea signed an agreement with major financial institutions in the Association of Southeast Asian Nations (ASEAN) to boost inter-bank cooperation during the ASEAN Plus Three Summit held virtually on November 14. ASEAN participants in the scheme include Canadia Bank Plc. of Cambodia, PT Bank Mandiri […]
Read MoreKUALA LUMPUR: The ringgit extended its gains for the third consecutive day against the US dollar today on bullish sentiment surrounding the local and regional markets. At 9.10 am, the local currency stood at 4.1000/1050 against the greenback compared with Tuesday’s close of 4.1020/1070. Axi chief global market strategist Stephen Innes said the US dollar […]
Read MoreJAKARTA: Indonesia’s new sovereign wealth fund will offer dedicated industry funds in a bid to drum up US$15bil investment and deepen access to global capital by South-East Asia’s biggest economy, Finance Minister Sri Mulyani Indrawati told Reuters. The structure, outlined in a briefing by top economic ministers last Friday, has been adopted to entice global […]
Read MoreMANILA, Philippines — Car importers sold 43 percent less in 10 months this year as all vehicle segments registered fewer demand amid the pandemic. The Association of Vehicle Importers and Distributors Inc. (AVID) said in a statement yesterday it sold 40,993 units as of end-October, lower than the 71,362 units in the same period last […]
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