Markets
Thailand’s auto sales drop 10% in May
Thailand’s auto sales volume in May dropped 10 per cent compared to the same period last year as a result of the decline in production capacity of the Japanese automotive industry.

Thailand’s auto sales volume in May dropped 10 per cent compared to the same period last year as a result of the decline in production capacity of the Japanese automotive industry.
Toyota Motor Thailand Senior Vice President Wuttikorn Suriyachantananon said the sales volume in May reached only 55,851 units for passenger vehicles, the largest drop in the past 21 months.However, the first five months of this year saw 361,753 units sold, which was a new record high.

Thailand's auto sales volume in May dropped 10 per cent compared to the same period last year as a result of the decline in production capacity of the Japanese automotive industry.
The rise in the cumulative figure counted as 26 per cent year-on-year. The demand for sedans rose 33 per cent, while vehicles for commercial purposes increased 21 per cent owing in part to the improving domestic economy and more exports that encouraged consumers higher purchasing power. Mr Wuttikorn said the auto sales volume in June is likely to grow, thanks to Japans ability to produce automobiles and the Thai governments economic measures to boost consumers spending. MCOT online news
via Thai auto sales drop in May due to decline in Japanese manufacturing.
Japan’s automobile production fell 6. 3 percent in January from a year earlier, marking the fourth consecutive month of decline, the Japan Automobile Manufacturing Association (JAMA) said in a report on Monday.
Automobile production in January totaled 706,107 units, down from the 753,734 units total production logged in the same month a year earlier, JAMA said.
January’s decline follows a 5.1 percent fall the previous month and a 6.7 percent contraction logged in November, the industry body said.
Manufacturing of passenger cars fell 7.2 percent to 609,598 units, while truck production dipped 2.1 percent to 87,830 units to mark the second straight month of decrease. The production of buses however, increased 17.2 percent to 8,679 units, marking the fourth straight month of increase, JAMA said.
The association also noted that domestic sales of automobiles in Japan dropped 16.7 percent year-on-year in January to 305,500 units sold.
JAMA highlighted that the domestic sales figures were in stark contrast to figures showing that auto exports increased in the recording period by 7.3 percent in comparison with the same month of the previous year.
Forex
Leverage from Forex Brokers & How Beginners Can Benefit from It
In this post, we will tell you what to look for when choosing a broker in order not to fall into a financial trap and how to benefit from dealing with such companies.

Recent statistics show that the number of people willing to invest in the stock market is steadily growing from year to year.
(more…)Forex
How to Trade the EUR/USD Currency Pair: Professional Tips
The behaviour of the EUR/USD pair is a kind of indicator showing the comparative condition of the US and EU economies. If the US economy steadily grows, and problems arise in the EU, the EUR/USD decreases.

EUR/USD is one of the most popular currency pairs for Forex trading. Since the beginning of trading in 1999, the currency pair has undergone significant changes. For the first two years, the future for the euro was uncertain and the quotation was declining, reaching a minimum of 0.8200.
(more…)Markets
Thailand remains ASEAN’s largest Exporter of Vegetables
Currently, the kingdom has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables, including China, Hong Kong, Australia, New Zealand, Japan, Chile, Peru and 6 countries in ASEAN.

-
Forex6 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National3 days ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Banking5 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?
-
Economics3 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020