Business News

iPhone production and exports surge had Taiwan-based manufacturers in India quickly request Product Linked Incentive after meeting the incentive targets. However, competitor Samsung is not having a smooth process in getting the payout.

Panasonic has shut down its factory that manufactured 12-volt lead acid batteries for vehicles but has not relocated its production base elsewhere.

Integrated nickel mining and downstream company PT Trimegah Bangun Persada Tbk is planning to release its shares to the public through an Initial Public Offering (IPO) of as much as 12.1 billion shares on 5-10 April 2023.

Mercedes-Benz (Thailand) is seeking more partners for joint investment in electric vehicle (EV) charging facilities to serve the growing domestic market.

Apple reportedly reshuffled its management team and promoted a head of its Indian market, making India a separate sales region, a sign of the India’s growing importance, which has seen double-digit sales growth in the South Asian nation.

Vietnam’s automaker VinFast on said it will push back its plan to start operations of its electric vehicles factory in the United States until 2025, citing a procedural delay.