Indonesia plans to extend tax break on cars World

Indonesia plans to extend tax break on cars

Indonesia is planning to extend a luxury tax break on the sale of sedans and two-wheel drive cars with engine power of less than 1,500 cc to August to support its pandemic-hit automotive industry.
Vietnam the world's next growth market: SeekingAlpha World

Vietnam the world's next growth market: SeekingAlpha

The COVID-19 situation has considerably sped up the transition of manufacturing work into Vietnam and the country is uniquely positioned to take advantage of this move, said an article recently published on SeekingAlpha content service.
Masan, Mitsubishi Materials to develop tungsten platform Business

Masan, Mitsubishi Materials to develop tungsten platform

The Masan High-Tech Materials Corporation (MHT) announced on November 27 that it has completed a strategic alliance in the tungsten industry with the Mitsubishi Materials Corporation (MMC), with a view to developing a leading high-tech tungsten materials platform.
VinFast buys testing ground in Australia Business

VinFast buys testing ground in Australia

Vietnam’s first automaker, VinFast, inked an agreement on September 9 to purchase the Lang Lang proving ground in the Australian state of Victoria; the latest move in its development strategy to become a global brand.
Indonesia’s auto sector urged to improve regulations ASEAN

Indonesia’s auto sector urged to improve regulations

Various regulations have hindered Indonesia’s automobile manufacturing and the country’s car exports are still lagging behind its neighbours like Thailand, General Secretary of the Indonesian Automotive Industries Association (Gaikindo) Kukuh Kumara said.
Auto makers in Indonesia to resume operations in June World

Auto makers in Indonesia to resume operations in June

Automotive manufacturers in Indonesia are ready to resume production in June following the government’s enforcement of the “new normal” scenario, said Chairman of the Association of Indonesian Automotive Manufacturers (Gaikindo) Yohannes Nangoi.