Industry in South-Eastern Asia

  • Singapore Q4 Domestic Wholesale Trade Falls

    SINGAPORE, 2016/02/19 Singapore's domestic wholesale trade decreased in the three months ended December, though at a slower pace than in the previous quarter, data from the Department of Statistics showed Friday. At current prices, domestic wholesale sales slid 1.1 % quarter-on-quarter in the fourth quarter, following a 8.0 % sharp decline in the preceding quarter. Domestic sales of ship chandlers and bunkering fell the majority by 18.2 %, followed by chemical and chemical products with 8.1 % drop. The decreases were partially due to price decreases of petroleum and chemical products.

  • Philippines push to list SMEs

    PHILIPPINES, 2015/12/27 A drive to highlight the benefits of listing on the Philippines Stock Exchange (PSE) to small and medium-sized enterprises (SMEs) is gaining pace. Officials will be hoping that the push to persuade additional SMEs to inventory sets the scene for heightened activity on the exchange in 2016, next fewer than expected initial public offerings (IPOs) were carried out this year. Realising potential While micro and SMEs account for 99% of businesses operating in the Philippines and almost two-thirds of employment, only a handful of SMEs have listed on the PSE’s restructured Small, Medium and Emerging Board (SMEB) since it was initial launched in 2001.

  • Cambodian trade unions demand monthly minimum wage of 168 USD for garment sector

    CAMBODIA, 2015/09/29 Trade unions, which represent Cambodia's 700,000 garment and footwear workers, unanimously agreed on Tuesday to request the employers to increase the monthly minimum wage in the garment and footwear sector to 168 U.S. dollars for 2016, up from the current 128 U.S. dollars, according to a joint statement. "Next an over-an-hour conference on Tuesday morning, the trade union representatives unanimously decided to set a figure of 168 U. S. dollars to negotiate in a tripartite conference (trade union, factory, and government representatives)," the statement said.

  • Chinese car to be produced in Indonesia

    CHINA, 2015/07/27 A new joint venture company owned by Chinese and Indonesian investors is ready to produce Chinese-brand cars in Indonesia as the country’s request for vehicles continues to grow, an executive has said. The any minute at this time-to-be-named company was established by Indonesian investor Sokonindo Automobile and Chinese vehicle manufacturer DFSK, a joint venture between China-based firms Dongfeng Motor Group and Chongqing Sokon Motor Group. Under Sokonindo’s supervision, the company will finalize the commissioning of its US$150 million assembly plant in Tangerang, Banten, in November before launching its trial production of Chinese-brand Sokon cars, according to commissioner Alexander Barus.

  • The Malaysian small and medium enterprise(SME) sector

    MALAYSIA, 2013/12/22 The Malaysian small and medium enterprise(SME) sector is expected to continue on a sustained increase path and expand further in 2014, supported by sustained domestic request, higher tourism activities and development in exports. A recent survey by SME Corp Malaysia showed that additional than 50 % of respondents expected better performance next year. "In addition, the government through the 2014 Budget has taken the necessary measures to ensure that the SMEs are not adversely affected by the ongoing policy reforms.

  • Malaysian automotive industry players

    MALAYSIA, 2013/12/22 Malaysian automotive industry players are looking forward on the outlook for the industry next year at the same time as the National Automotive Policy (NAP) will be unveiled in January 2014. The long-awaited policy is expected to focus on further initiatives for the the electric vehicles (EVs) in the Energy Efficient Vehicle (EEV) segment. Industry players have been hoping for government funding for the EVs following significant success in the hybrid car segment. "Unfortunately, there has been no automobile-related matters mentioned in the 2013 and 2014 Budgets tabled by Prime Minister Datuk Seri Najib Tun Razak.

  • Audi Plans to Enter Local Luxury Car Market

    CAMBODIA, 2013/11/12 German car brand Audi has announced it will enter Cambodia’s luxury market next year with a new showroom on Monivong Boulevard, the new in a host of major car companies to break into the country’s small but growing industry for new automobiles. The carmaker follows in the footsteps of fellow German company BMW, which opened a showroom in August, and Porsche, which plans to open a showroom in the coming months.

  • SME Corp Malaysia says 25% of the local SMEs will have global market business

    MALAYSIA, 2013/10/13 SME Corp Malaysia says 25 % of the local small and medium enterprises (SMEs) will have world market business networking by 2020, its Chief Executive Officer Datuk Hafsah Hashim said Saturday. To date, 19 % of the local companies have established networking in foreign markets, with food and beverages segment making up the majority market, she said. With the government's decision to establish the Malaysian World Innovation and Creative Centre (MaGIC), Hafsah said: "We can increase local entrepreneurs' opportunities to due penetrate the world market.

  • Italian industry eyes stronger foothold in Indonesia

    INDONESIA, 2013/05/07 Italian industrial firms expect to tap into Indonesia’s robust economic increase by strengthening their presence in the country through investment , a visiting industry group says. Giorgio Squinzi, the president of Italian Industry Association, Confindustria, said on Monday in Jakarta that Indonesia was one of the majority interesting nations in the Southeast Asian region as it continued strong economic expansion amid protracted slowdown in the world economy.

  • New Malaysia strategies aim to spur rubber sector

    MALAYSIA, 2013/04/29 The Malaysian Rubber Board (MRB) is planning to launch a second edition of strategies for the local rubber industry within the next few months in view of new challenges and prolonged issues in the thriving industry, according to director-general Dr. Salmiah Ahmad.
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