The total industry volume (TIV) of Malaysia’s automotive sector is forecasted to increase in 2021, driven by the sales tax exemption extension under the National Economic Recovery Plan (Penjana) scheme. The sales tax exemption was introduced in June 2020 for six...
In October 2020, several state-owned Indonesian companies formed a joint venture for batteries for electric vehicles (EV). The new joint venture, called Indonesia Battery Holding, will cover everything from producing chemicals and minerals to the manufacturing of...
During an electronics manufacturing services (EMS) webinar organized by the Philippine Trade and Investment Center, the Department of Trade and Industry (DTI) Secretary Ramon M. Lopez, encouraged US firms to do business in the Philippines, particularly in electronics...
The hard disk drive manufacturer Western Digital has committed to increasing its investments in Malaysia by MYR 2.3 billion (USD 566.3 million) to boost its production capacity in Penang and Sarawak. This raises Western Digital’s total investment in Malaysia to...
Japanese company Yokowo Co Ltd has set up its automotive wiring harness and components manufacturing facility in the Philippines after a year-long due diligence process in the country. Yokowo Co Ltd has registered a 100% wholly-owned subsidiary company in the...
Eat Just, a plant-based egg substitute producer, has announced a partnership with an investment consortium, led by Proterra Investment Partners Asia, to launch a new subsidiary in Singapore, known as Eat Just Asia. Through this subsidiary, both parties will also...
Royal Enfield, a British motorcycle brand that has been owned by Indian Manufacturer Eicher Group since 1994, has announced its intention to expand overseas, with plans to establish manufacturing plants in Brazil, Columbia, and Thailand. Its Thailand factory is...
In October 2020, Samsung Electronics Vice Chairman Lee Jae-Yong had a meeting with Vietnamese Prime Minister Nguyen Xuan Phuc to discuss possible investment plans. Samsung is the biggest South Korean investor in Vietnam, where it manufactures around half of its...
Indonesia is moving toward building an industry to supply nickel for batteries and electric vehicles (EV). Crucially, the country has already banned the export of nickel ore, which is a key component of EV batteries. The Indonesian government and electric vehicle...
Chinese automobile manufacturer GWM (Great Wall Motors) has signed an agreement with US peer GM (General Motors) to acquire GM’s production facilities in Rayong, Thailand. GWM plans to make Thailand its ASEAN production base for new energy and internal-combustion...
The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) plans to work with industry associations in Malaysia and France to implement activities, including research and development (R&D) and training to help promote the growth of the...
Germany’s Infineon Technologies, a multinational semiconductor manufacturer has announced investments of MYR 3.25 billion (USD 784 million) into its existing operations in Melaka, Kedah, and Perak states of Malaysia over the next ten years. The Prime Minister’s Office...
