Asia
New incentives to cement Thailand as EV production hub
New incentives to cement Thailand as EV production hub
Incentives will drive renewed interest from automakers.
Rail to become a major driver of Thai transportation sector growth
The government is seeking to transform Bangkok into a regional railway hub.
Carsome makes V-shaped recovery in June
It is said to have almost fully recovered its high transaction volume pre-lockdown.
APAC's HNW wealth up 7.9% in 2019
The region fell behind the average global HNWI growth rate despite robust market performance.
Eight in 10 SMEs in ASEAN rely on technology for cash flow woes
Technology is the top investment priority by most of the respondents.
Electric vehicle sales in Australia to surge in 2020
Long term Govt. incentive is required to retain this growth.
Malaysia's current account surplus may fall below 1% of GDP
The market’s imports and exports are expected to remain in the red.
Lack of domestic demand to result in current account surplus in Thailand
Goods exports and imports in April went down by 3.3% and 17%, respectively.
India's automotive industry to weather another poor year before recovery
Weak domestic and global demand may force factories to suspend operations.
China's construction sector to grow 1.8% this year
This is due to the uptick of investment activity in real estate and infrastructure.
Philippines' manufacturing PMI rose to 40.1 in May
Easing of measures helped businesses to restart operations.
Chinese property sales shrink 2.6% YoY in April
The property sector is starting to show more activity as sales recover.
Nearly half of APAC firms stray from due diligence checks
This comes as companies struggle to monitor third-party risks during the pandemic.
SEA VC funds accumulate $1.3b in additional assets
Singapore and Indonesia dominated the VC fundraising market.
Japan's GDP growth could contract 5.2%
Economy activity is expected to suffer despite restrictions being lifted in prefectures.
Thailand's GDP to maintain 4% contraction
This comes as exports, public consumption, and investment dragged on growth.
Philippine economy contracts 0.2% in Q1
The contraction was due to the Taal volcano eruption and lockdowns brought by the pandemic.
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