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.
Thanh Cong Group has officially signed a new joint venture with the Republic of Korea’s Hyundai Group to manufacture and distribute commercial vehicles in Vietnam.
Singapore’s Purchasing Managers' Index (PMI) - an indicator of manufacturing activity – hit 51.1 in April, a slight decrease from March's 51.2 reading.
ASEAN
