Despite the lingering effects of the pandemic, the Ministry of Industry and Trade forecasts that Vietnam’s total trade value this year may reach a new record of between US$640 – 645 billion, with a slight trade surplus. The ministry attributed the results to the great efforts of the business community in overcoming the difficulties of […]
Read MoreThe luxury car market in Thailand is expected to keep expanding with double-digit growth this year, despite the impact of lockdown measures implemented to contain the spread of Covid-19. Demand for cars and the purchasing power of prospective buyers remain strong in these segments, making Thailand a target market for upper-end car manufacturers, said Teeraphong […]
Read MoreSINGAPORE – Singapore households have amassed a larger pile of debt than they had before Covid-19 struck, thanks to a buoyant property market. Hence, households must carefully assess their ability to meet mortgage obligations and those with a heavy debt load should not take on more loans, the Monetary Authority of Singapore advised in its […]
Read MoreMANILA, Philippines — There were fewer jobless Filipinos recorded in October, thanks to looser pandemic restrictions that have allowed people to find work. However, the quality of available jobs deteriorated in the face of hard economic times and high inflation. A survey of 43,181 households in the country showed there were 3.50 million people who […]
Read MoreThe automobile market has become bustling again after the Government cut by 50 percent the vehicle registration tax. Car sales in the first three quarters of the year witnessed a sharp fall of 46 percent compared with the same period last year. However, the market has warmed up since the second month of the fourth […]
Read MoreThailand is on course to achieve economic growth of around 1.2% this year, said government spokesman Thanakorn Wangboonkongchana, adding the economy is likely to grow by 3.5-4% next year. Thailand’s foreign reserves reached US$246 billion (about 8.17 trillion baht) in October, he continued, which is about three times the size of the country’s short-term foreign […]
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