Vietnam Proposing Tax Cuts on Locally Made Auto Parts

Feb 1, 2019

The Ministry of Finance in Vietnam has sent in a ministry document (655/BTC-CST) to the prime minister requesting a change in laws to remove the special consumption tax on locally made auto parts and components. The move could cut prices on cars assembled locally. As...

iPhone Assembler Considering Setting up Plant in Indonesia

Jan 1, 2019

Pegatron Corp, a Taiwanese electronics manufacturer that assembles iPhones, is considering to set up a plant on Batam Island, Riau Islands. If confirmed, the investment is estimated to be worth USD 1 billion. It will also employ 8,000 to 10,000 workers in the rented...

Malaysia Aims to Become ASEAN Train Equipment Manufacturing Hub

Jan 1, 2019

The Malaysian government is keen to position its self as the rail equipment Manufacturing hub in the ASEAN region based on a strong partnership with China, according to recent comments from the Transport Minister. The Transport Minister invited further investments...