Automobile manufacturers are facing sharp drop in sales and increased inventories as social distancing has been imposed in many cities and provinces, vehicle registration has been halted, and sale agents have had to close the doors. Vietnam Automobile Manufacturers Association (VAMA) reported that its member companies sold 16,035 cars in July, a sharp decrease of […]
Read MoreThe baht opened at 33.43 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency was likely to move between 33.40 and 33.55 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was likely to fluctuate and weaken due to the Covid-19 situation and the rising […]
Read MoreThe economy unexpectedly grew in the second quarter from the first, helped by exports and government spending, even though fresh coronavirus outbreaks battered consumption and tourism. The government again cut its 2021 economic growth forecast to 0.7-1.2% from 1.5-2.5% as the outbreak and lockdown measures crimped domestic activity amid the country’s slow vaccination rollout. The […]
Read MoreJAKARTA: COVID-19 has taught Indonesia how to find a balance between health and economic interests, said President Joko Widodo on Monday (Aug 16) as he addressed perceptions that government policies may not have been consistent when it comes to tackling the pandemic. Speaking at the annual State of the Nation Address ahead of the country’s […]
Read MoreThe Lao government has spent over LAK 15.82 billion on food, transportation, and other necessities for Lao migrant workers returning from Thailand. Minister of Labour and Social Welfare, Ms. Baykham Khattiya, said during the first extraordinary session of the ninth legislature last week that the Lao government has spent more than LAK 15.82 billion on assisting Lao […]
Read MoreREAL estate developers in Singapore moved 1,589 private homes in July this year, an 82.2 per cent surge from the 872 units sold in the previous month. These figures – which exclude executive condominium (EC) units – were released by the Urban Redevelopment Authority (URA) on Monday, based on its survey of licensed housing developers. […]
Read More
Thailand
