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General Motors is hitting the accelerator on its drive towards electric autos, significantly boosting its near-term investments as it unveils new models and builds production capacity.
KUALA LUMPUR: Proton Holdings Bhd exported 669 cars to overseas distributors, the highest in 98 months since March 2013, with new market Pakistan being the best performer, while it plans to return to Thailand and Indonesia.
KUALA LUMPUR: The UMW Group recorded automotive sales of 25, 568 units in May, more than doubled the 11, 342 units registered a year ago during the Movement Control Order or MCO 1.0.
SINGAPORE (The Straits Times/ANN): Singapore will relax the tightened Covid-19 measures currently in place and move to phase 3 (heightened alert) from Monday (June 14).
KUALA LUMPUR: AmInvestment Bank Research remains cautious on the property sector amid ongoing headwinds brought on by the pandemic and elevated home prices.
PETALING JAYA: Certain sectors are being allowed to operate during the movement control order because the Finance Ministry wants to ensure there is supply chain continuity for essential products and services, as well as for the wellbeing of the public.
The aerospace industry, oil & gas, manufacturing and electrical & electronics (E&E) sectors have been allowed to operate during the full lockdown from June 1 to 14 as they are crucial to the economy, the Ministry of Finance (MoF) says.