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Regulations 1 year ago
PREMIUM
Ministry suggests reviving COVID-era tax break for car sales
The proposal to reinstate the incentive has resurfaced amid falling car sales. During the first half of 2024, wholesale, or factory-to-dealer sales, were down 19.5 percent year-on-year (yoy) to 408,012 units from the same period last year.
Companies 1 year ago
VinFast considers delaying $4 billion US plant
VinFast announced in 2022 that it would build an EV and battery factory in the United States with an annual production capacity of 150,000 vehicles, seeking to take advantage of the Biden administration's efforts to approve subsidies for EVs made in America.
Economy 2 years ago
PREMIUM
Retail sales grow for fourth straight month, pushed by fuel purchases
Preliminary data from Bank Indonesia (BI) show that Indonesia’s retail sales were projected to grow for the fourth month in a row in December as the country entered the Christmas and New Year holiday season.
