Thailand Gears up for Motor Show as Pandemic Restrictions Ease

Bangkok on Tuesday prepared to host its twice-postponed annual auto show. (Reuters)
Bangkok on Tuesday prepared to host its twice-postponed annual auto show. (Reuters)
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Thailand Gears up for Motor Show as Pandemic Restrictions Ease

Bangkok on Tuesday prepared to host its twice-postponed annual auto show. (Reuters)
Bangkok on Tuesday prepared to host its twice-postponed annual auto show. (Reuters)

Thailand’s capital on Tuesday prepared to host its twice-postponed annual auto show, with organizers saying it would showcase the country’s success in containing the coronavirus.

From Detroit to Geneva, motor shows have been forced to cancel due to the COVID-19 pandemic, throwing the future of the industry’s traditional way of marketing new models into doubt.

The 41st Bangkok International Motor Show opens to the public on Wednesday after being pushed back twice since March.

“This is more than the motor show, but also Thailand’s reputation because the other event organizers will be watching,” said Prachin Eamlumnow, chief executive of head organizer of the event, Grand Prix International.

Thailand will be the first to host a motor show on this scale since the pandemic, he told reporters.

Thailand has had no locally transmitted cases of COVID-19 for about seven weeks and has been easing restrictions imposed to tackle the outbreak, seeking to get its economy moving again.

The Southeast Asian country is a major regional car production hub, with its previous motor shows registering more than a million visitors.

Organizers have pledged to limit crowds this year and control entry at the show, where 25 car brands - including Ford and Subaru - and 22 motorcycle manufacturers will display their products.

Each brand’s booth has entry and exit points and guests are required to scan a QR code, a type of barcode, with their mobile phones when entering and leaving, unlike at previous shows when people could roam freely.

Staff at the booths will also be wearing masks or face shields during the show, which runs from July 15 to July 26.

“The government allowed us to hold it, but we still must be very careful,” said Prachin.



Gold Rises on Dip-buying, Focus on US-China Trade Updates

FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
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Gold Rises on Dip-buying, Focus on US-China Trade Updates

FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo
FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth//File Photo

Gold prices rebounded on Thursday as investors bought bullion following a sharp decline in the previous session, while focus still remained on US-China trade tensions.
Spot gold was up 1.6% to $3,340.79 an ounce, as of 0907 GMT, Reuters reported. Bullion lost over 3% on Wednesday, in its worst daily performance since late November.
US gold futures gained 1.8% to $3,352.10.
"Gold's pullback earlier has cleared some of the froth from its latest surge. That in turn attracted some buy-the-dip action, amid still-persistent global trade war fears," said Han Tan, Exinity Group's chief market analyst.
"Given the still-evident tailwinds for this precious metal, gold bugs could ultimately conquer the $3,500 level with conviction."
Non-yielding bullion, traditionally seen as a hedge against global instability, has risen over 27% so far this year.
The International Monetary Fund made sharp reductions to its outlook for both US and global growth this year, with President Donald Trump's tariff policy the central reason behind the downgrade.
"If the economic outlook deteriorates further, then there's no reason why gold could not receive another strong bid," said Ole Hansen, head of commodity strategy at Saxo Bank.
However, US Treasury Secretary Scott Bessent said the US economic growth will surpass the IMF's revised estimate of 1.8%, down from 2.7% in January, if Trump administration's policies are implemented.
He also said that the excessively high tariffs between the US and China are unsustainable, and must be reduced before trade negotiations can proceed.
Supporting gold, the US dollar eased, making the greenback-priced bullion cheaper for overseas buyers.
Spot silver fell 0.5% to $33.37 an ounce, platinum was steady at $973.25 and palladium was down 0.6% to $939.53.