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Business

Toyota’s US$2b pledge revs up Indonesia’s electric car push

JAKARTA: Toyota Motor Corp. will lead 50 trillion rupiah ($3.6 billion) in investments that global car makers have pledged to plough into Indonesia’s electric-vehicle program in the next five years, Industry Minister Airlangga Hartarto said.

Business

VW to deepen alliances with battery suppliers

LEIPZIG: Volkswagen will create joint ventures and help finance battery production to persuade sceptical cell suppliers to back its aggressive push for mass producing electric vehicles, board member Stefan Sommer told Reuters.

Nation

Govt has made commendable progress, but unfulfilled promises remain, says Bersih

PETALING JAYA: The Pakatan Harapan government has made commendable progress in implementing institutional reforms during its first year in office, but there remain many unfulfilled promises, says Bersih 2.0.

Business

Volkswagen eyes big stake in China partner JAC

HONG KONG: Volkswagen AG (VW) is exploring purchasing a big stake in its Chinese electric vehicle joint-venture (JV) partner Anhui Jianghuai Automobile Group (JAC Motors) and has tapped Goldman Sachs as an adviser on the plan, sources said.

Economy

Malaysia's economy to grow between 4.7% and 4.8%

SUBANG JAYA: Malaysia's economy is projected to grow between 4.7 and 4.8 per cent this year, if the conditions improve during the second half of the year, said Deputy International Trade and Industry Minister Dr Ong Kian Ming.