JAKARTA (BLOOMBERG) – Indonesia is planning a slew of incentives for electric-car manufacturers and drivers as it competes with nearby Singapore and Thailand to become the dominant force in South-east Asia for the sector. The move is part of an effort to fortify the local economy and reduce reliance on imported oil. Indonesia, one of the […]
Read MoreOverall consumer prices edged up in July, driven by fresh fruit and vegetables, fresh food, pork, milled rice and milled glutinous rice. The Commerce Ministry reported yesterday the consumer price index (CPI), which gauges headline inflation, rose by 0.98% last month from July 2018, following a 0.87% year-on-year rise in June, 1.15% in May, 1.23% […]
Read MoreASEAN is coming of age. Sixty per cent of the ASEAN population today is under 35 years old. The region is only behind China and India for having the most millennials. ASEAN is also becoming increasingly connected. In 2017, almost half of consumers in ASEAN have a smartphone. And with the price point of smartphones in ASEAN […]
Read MoreThe Hanoitimes – In addition to Indonesia and Malaysia, Grab will look more at Vietnam because it sees “increased deal flow on potential opportunities there,” said Grab Ventures’ executive. Ride-hailing operator Grab is expected to invest heavily in regional startups, including those from Vietnam, as the SoftBank Group-backed unicorn strives to expand the reach of its […]
Read MoreThe Bank of Thailand has requested banks and their subsidiaries reduce the ratio of new consumer loans extended to vulnerable groups with a high debt-service ratio (DSR) by at least 10% per quarter for four quarters, starting from the second quarter. The move is part of the central bank’s retail lending guidance, aimed at keeping […]
Read MoreMyanmar has been importing car parts and assembling them for years, but now Chinese cars will be produced here for the first time, at Myotha industrial zone in Ngazun township, Mandalay Region. Shining Star Group of Kunming, China, established Gold AYA Motor International Co Ltd to make automobiles in Myanmar in 2017. The plant on more […]
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