MANILA, Philippines — Car sales soared to a 4-month high in June to post another double-digit growth, as low base effects from last year’s pandemic-induced slump continued to bloat the figures. What’s new Carmakers sold 22,550 units in June, up 44.8% year-on-year, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers […]
Read MorePETALING JAYA: Malaysia will lower its economic growth outlook for this year due to movement restrictions against Covid-19, the country’s finance minister said, signalling the government may forecast expansion around 4%. While there’s optimism that the current surge in cases can be contained and lockdowns can be eased, the government still expects to lower its […]
Read MoreThe Bank of Thailand (BoT)’s view is that the government’s latest lockdown measures will lead to higher downside risks for the Thai economy amid the spread of the Delta variant of Covid-19, which is fuelling the latest wave of infections. The government’s new round of tighter lockdown measures and travel curbs reflect a higher downside […]
Read MoreHttpool has expanded its ad sales partnership with Spotify to include Laos and Cambodia, being the exclusive representative to manage Spotify’s advertising offerings in Indochina for brands of all sizes seeking to connect with their audiences. As the world’s most popular audio streaming platform, Spotify offers a palette of innovative advertising solutions for brands to […]
Read MoreThe Philippine peso slumped to a one-year low last week amid a strengthening US dollar and volatile oil prices. As a result, the peso weakened to 50.17 last Friday before closing at 50.08. This is the biggest one-week drop since 2013. Year-to-date, the peso has declined by 4.27 percent. The recent weakness of the peso […]
Read MoreThe Federation of Thai Industries (FTI) is closely monitoring the foreign exchange rate after the baht recently fell to its weakest value in 14 months at 32.29 baht to the US dollar, although this benefits Thai exporters. The baht is expected to remain weak in the short term because the US Federal Reserve is likely […]
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