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Thailand: Domestic car sales down 12.1% y/y

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, […]

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FTAs help attract more foreign investors to Vietnam

Free 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 […]

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Philippines’ richest see fortune smashed by pandemic

MANILA, 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, […]

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