Showing 1 - 10 of 151
Auto sector reels from falling orders, soaring household debt
Reuters, Published on 25/09/2024
» Thailand's US$53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives.
China new home prices fall at fastest pace in over 9 years
Reuters, Published on 14/09/2024
» BEIJING - China's new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector.
Thai investigation into BYD EV discounts moves ahead despite cash-back offer
Reuters, Published on 19/07/2024
» A Thai investigation into discounts from China's BYD (Build Your Dreams) will continue despite a cash-back programme from its distributor in response to a backlash from consumers who felt they overpaid for their electric vehicles (EVs), a senior official said on Friday.
Asia rice - Vietnam, Thai rates dip as eyes turn to India
Reuters, Published on 12/07/2024
» BENGALURU - Rice export prices from Vietnam slipped to their lowest levels in a year, and Thai rates also dropped this week amid lacklustre demand, as markets awaited potential easing of restrictions by top exporter India.
China's BYD opens EV factory in Thailand, first in Southeast Asia
Reuters, Published on 04/07/2024
» RAYONG - China's BYD (Build Your Dreams) opened an electric vehicle (EV) plant in Thailand on Thursday, the auto maker's first factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player.
Hyundai Motor, LG Energy Solution launch Indonesia's first EV battery plant
Reuters, Published on 03/07/2024
» JAKARTA - South Korea's Hyundai Motor Group and LG Energy Solution on Wednesday launched Indonesia's first battery cell production plant for electric vehicles (EVs) with an annual capacity of 10 Gigawatt hours (GWh) of battery cells.
Vietnam may permit gold imports for first time in years
Reuters, Published on 12/06/2024
» SINGAPORE - Vietnam could allow companies to import gold for the first time in over a decade, as it aims to bridge the widening gap between local prices and international benchmarks, an industry official told Reuters.
China's central bank adds to gold reserves as price soars
Reuters, Published on 08/04/2024
» LONDON - China's central bank added 160,000 troy ounces of gold to its reserves in March, it said, in line with the market view that persistent official sector demand had supported gold's continuing rally.
EVs will be cheaper to produce by 2027
Reuters, Published on 07/03/2024
» BENGALURU - Battery electric vehicles (BEVs) will be, on average, cheaper to produce than a comparable internal combustion engine by 2027 thanks to new manufacturing methods that are lowering production costs, market research firm Gartner said on Thursday.
India rice rates extend rally on low supplies; Thai prices ease
Reuters, Published on 02/02/2024
» BENGALURU - Parboiled rice export prices from India extended their record rally this week, driven by tight supplies and firm demand due to higher prices in other hubs, while Thai rates slipped as new supply from fresh harvests trickled in.