Fuel prices fall slightly from July 17
Retail fuel prices in Vietnam have seen a slight decrease as of 15:00 of July 17, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.
Thailand plans to eradicate polluting steel production technology
The Thai Ministry of Industry will review the certification standards for steel manufactured via the IF process, a method known for its limitations in removing impurities from molten steel and higher levels of dust and toxic gas emissions compared to more modern methods.
Petrol prices down in latest adjustment
The Ministry of Industry and Trade and the Ministry of Finance have decided to reduce the retail sale prices of petrol products from 3pm on July 25.
Thailand moves to increase capacity of SMEs
The Thai Ministry of Industry has put forward a five-point strategy to support domestic small- and medium-sized enterprises (SMEs) in adjusting to global industrial trends in the new era that focuses on using clean energy and having high-skilled labour.
Indonesia focuses on building electric vehicle ecosystem
Indonesia's Ministry of Industry is striving to accelerate the growth of the battery-based electric motorised vehicle (KBLBB) ecosystem to reduce fuel consumption, according to the ministry's Secretary General Dody Widodo.
Indonesia targets 1.6 million cars produced this year
Indonesia is aiming to manufacture 1.6 million cars this year, higher than the 1.5 million units recorded in 2022, according to the country's Ministry of Industry.
Thailand's industrial production index falls sharply in December
Thailand's industrial output further declined more than expected in December 2022, as a global slowdown hit demand for Thai exports, according to the Ministry of Industry.
Thailand: Industry Ministry expects 2.5-3.5 percent sector growth this year
Thailand’s Ministry of Industry has projected up to 3.5 percent economic growth for the industrial sector, citing government stimulus measures and recovering export markets. However, high fuel costs and new Omicron coronavirus variant remain key challenges going forward.
Thailand puts forward measures to bolster economy
Thailand’s Ministry of Industry plans to launch a digital platform and big data system to facilitate the industrial sector and smooth the government’s ease of doing business next year.
Indonesia works to attract firms relocating from China
The Indonesian government, through the Investment Coordinating Board (BKPM) and the Ministry of Industry, is working to attract companies relocating their operation from China due to trade tension with the US, according to BKPM Chairman Thomas Lembong.