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.



Oil Falls from Highest since October as Dollar Strengthens

People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
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Oil Falls from Highest since October as Dollar Strengthens

People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP
People stand on the the pier with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. Mario Tama/Getty Images/AFP

Oil prices dipped on Monday amid a strong US dollar ahead of key economic data by the US Federal Reserve and US payrolls later in the week.
Brent crude futures slid 28 cents, or 0.4%, to $76.23 a barrel by 0800 GMT after settling on Friday at its highest since Oct. 14.
US West Texas Intermediate crude was down 27 cents, or 0.4%, at $73.69 a barrel after closing on Friday at its highest since Oct. 11, Reuters reported.
Oil posted five-session gains previously with hopes of rising demand following colder weather in the Northern Hemisphere and more fiscal stimulus by China to revitalize its faltering economy.
However, the strength of the dollar is on investor's radar, Priyanka Sachdeva, a senior market analyst at Phillip Nova, wrote in a report on Monday.
The dollar stayed close to a two-year peak on Monday. A stronger dollar makes it more expensive to buy the greenback-priced commodity.
Investors are also awaiting economic news for more clues on the Federal Reserve's rate outlook and energy consumption.
Minutes of the Fed's last meeting are due on Wednesday and the December payrolls report will come on Friday.
There are some future concerns about Iranian and Russian oil shipments as the potential for stronger sanctions on both producers looms.
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude, two sources with knowledge of the matter said on Sunday.
Goldman Sachs expects Iran's production and exports to fall by the second quarter as a result of expected policy changes and tighter sanctions from the administration of incoming US President Donald Trump.
Output at the OPEC producer could drop by 300,000 barrels per day to 3.25 million bpd by second quarter, they said.
The US oil rig count, an indicator of future output, fell by one to 482 last week, a weekly report from energy services firm Baker Hughes showed on Friday.
Still, the global oil market is clouded by a supply surplus this year as a rise in non-OPEC supplies is projected by analysts to largely offset global demand increase, also with the possibility of more production in the US under Trump.