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Indonesia: Mitsubishi Invests in GoJek to Face Future Challenges, Says CEO

TEMPO.CO, Jakarta – On July 8th, Mitsubishi Motors Corporation (MMC) has announced its partnership with Indonesian startup company GoJek. MMC Chairman Osamu Masuko on Wednesday said that the automotive company is looking forward to the partnership that conforms to the company’s views on future development. “Future challenges will surely get more difficult. We need a partner to work with […]

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Philippines: Traders call for review of rice tariffication

MANILA, Philippines — The Federation of Chinese Chambers of Commerce and Industry Inc. urged President Duterte to review the Rice Import Liberalization Law, saying it is drastically affecting farmers.  In a press briefing on Friday, FCCCII president Henry Lim Bon Liong said farmers are already suffering because of the slump in the buying price of […]

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Thailand: The coming storm

It’s been over two years since the government laid a foundation for electric vehicle (EV) production in the country. The scheme has garnered 20-30 investment applications, covering car assembly, vital parts manufacturing and EV charging stations. The Board of Investment (BoI) has yet to grant investment incentives to all applicants, saying it’s considering many for […]

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Philippines: Economists slash inflation forecasts

MANILA, Philippines — Economists of private banks lowered anew their inflation forecasts for this year and next year due to easing global crude oil prices, base effects, implementation of non-monetary policy actions and mitigating measures against El Niño, according to the results of a survey conducted by the Bangko Sentral ng Pilipinas. Dennis Lapid, officer-in-charge […]

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