The issuance of the permits follows last month's announcement of more than US$300 million investments by Apple in Indonesia, including in plants making components for its products, and a research and development center.

Indonesia, home to the world's largest nickel reserves, has been seeking to position itself as a regional EV hub and a key player in the global EV supply chain.

Thailand International Auto Parts and Accessories Show 2025 (TAPA 2025), a premier trade show presenting new products and innovations in the auto parts and accessories industry is set to take place from April 3-5, 2025 in Bangkok. For more than two decades, the event has brought together leaders in the auto parts, accessories and related services industries from Thailand and around the world, thus becoming known as the world auto parts sourcing hub.

The United States averted a government shutdown with hours to spare Friday as lawmakers already reeling from President Donald Trump's radical federal spending cuts voted to keep the lights on through September.

Nearly three weeks have passed since the much-anticipated launch of Danantara, Indonesia’s latest and most ambitious investment entity, on Feb. 24, 2025. Positioned as a strategic vehicle to consolidate state-owned enterprises (SOEs), attract investment and become one of the world’s largest sovereign wealth funds, Danantara was introduced with strong national aspirations.

California-based MGA Entertainment, which makes its Bratz and L.O.L. Surprise! dolls and other toys primarily in China, is taking steps to move 40 percent of its manufacturing to India, Vietnam and Indonesia within six or so months, up from around 10 percent to 15 percent currently, CEO Isaac Larian said in an interview.

The euphoria that Donald Trump's election triggered for financial markets seems to be a thing of the past as investors now fret over the prospect of the president's trade wars sparking a US recession.

Asian stocks fell sharply on Tuesday as a market selloff extended on mounting worries that a wide-ranging trade war could dent US economic growth and lead to a recession, sending skittish investors to the safe-haven Japanese yen.

The Japanese government began a rare auction on Monday of its emergency rice stockpiles in a bid to help drive down the surging price of the national staple.

Global coffee traders and roasters say they have slashed their purchases to minimal levels, as the industry reels from a steep surge in prices that suppliers have yet to convince retail stores to accept.