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China has developed a revolutionary car battery that can charge in just 10 minutes and power a car for hundreds of miles before it needs to be plugged in. A report from the International Energy Agency (IEA) has hailed “remarkable” developments in chemistry that have allowed China to develop new batteries that pack far more energy than existing technologies. The IEA highlighted EV batteries capable of travelling 250 miles without a recharge. Newer versions announced since the report was written can manage 600 miles.   Source : https://www.telegraph.co.uk/business/2024/05/17/china-revolutionary-electric-car-battery-charge-10-minutes/

Toyota  doubled  its  net  profit  in  the  fiscal  year  that  ended  in  March,  as  strong  vehicle  sales  and  a  favorable exchange rate lifted results for Japan’s top automaker. Toyota Motor Corp.'s annual profit totaled 4.9 trillion yen ($31.9 billion), up from 2.45 trillion yen the year before, while its sales jumped 21 percent to 45 trillion yen ($290 billion). The results exceeded Toyota’s own projection for a 4.5 trillion yen ($29 billion) profit, as its global sales surged to 9.4 million vehicles from 8.8 million vehicles in the previous fiscal year.   Source : https://jakartaglobe.id/business/toyota-racks-up-booming-profit-vows-to-invest-to-keep-growth-going

Indonesia has received technical assistance from the Asian Development Bank (ADB) worth Rp. 37.22 billion to help develop its new capital city Nusantara in North Penajam Paser, East Kalimantan. In addition to sponsoring Nusantara, the bank has also approved a 650 million USD loan to improve Indonesia's healthcare facilities, such as standardizing initial healthcare services and reducing accessibility gaps, especially for the poor and those living in rural or remote areas.   Source : https://en.vietnamplus.vn/adb-supports-indonesia-in-building-new-capital/274977.vnp

Indonesia's  economy  grew  by  5.11%  in  the  first  quarter  from  a  year  earlier,  faster  than  expected,  data  from  the statistics bureau showed on Monday. Economists polled by Reuters had expected Indonesia to post annual growth of 5% in the January-March period. Annual growth in the fourth quarter was 5.04%. On a quarterly, non-seasonally adjusted basis, gross domestic product (GDP) shrank 0.83% in the first quarter, compared with a 0.89% contraction forecast in the poll.   Source : https://www.reuters.com/markets/asia/indonesia-posts-quicker-than-expected-q1-gdp-growth-yryr-2024-05-06/

Vietnam boasts three seaports listed among the Top 50 largest container ports globally, namely Ho Chi Minh City Port, Hai Phong Port and Cai Mep-Thi Vai Port. In the Lloyd's 2023 list, which ranked ports by the volume of container traffic represented in million twenty-foot equivalent unit (TEU), the port of HCM City secured the 23rd position, slipping one spot from the previous year’s list. Vietnam leads the ASEAN region with three ports in the Lloyd’s list, followed by Malaysia with two ports, while the Philippines, Indonesia, Thailand and Singapore each have one.   Source : https://vietnam.vnanet.vn/english/tin-van/vietnam-boasts-three-seaports-in-top-50-largest-container-seaports-worldwide-363610.html

China’s  economy  in  the  first  quarter  grew  faster  than  expected,  official  data  released  Tuesday  by  China’s National Bureau of Statistics showed. Gross domestic product in the January to March period grew 5.3% compared to a year ago — faster than the 5.2% expansion in the fourth quarter of 2023 and 4.6% growth expected by economists polled by Reuters. Industrial output for March grew 4.5% year on year, missing expectations of 6%. Retail sales grew 3.1% year on year, lower than expectations of 4.6%.   Source : https://www.cnbc.com/2024/04/16/chinas-q1-gdp-grew-5point3percent-in-the-first-quarter-beating-expectations.html

Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday. “We talked about the president’s desire to see manufacturing in the country, and it’s something that we will look at,” Cook told reporters after the meeting.

The UOB Business Outlook Study 2024 surveyed more than 4,000 businesses in seven key markets across the ASEAN and Greater China regions, found that more than 80 per cent of businesses want to expand overseas. This interest is most keenly felt in Indonesian and Vietnamese companies. The top two sectors looking to expand are manufacturing and engineering, as well as tech, media and telecom.   Source : https://www.taiwannews.com.tw/news/5671472