Indonesia has launched the Motosikal Elektrik Nasional (MOLINAS) initiative to transition toward electric transportation, aiming to reduce fuel imports and drive economic growth. President Prabowo Subianto highlighted the goal of achieving energy independence through electric motorcycles and vehicles. The program involves substantial private-sector collaboration and plans for an EV manufacturing complex, with significant market potential projected.
Category: Business
Indonesia’s BRI Bank Drives SME Transformation with Trillion-Rupiah Credit Program
PT Bank Rakyat Indonesia (BRI) is committed to enhancing Indonesia’s micro, small, and medium enterprises (UMKM) by disbursing Rp 103.81 trillion in Kredit Usaha Rakyat (KUR) to over 2 million borrowers by June 2026. Focused on agriculture and trade, BRI aims to support sustainable economic growth and housing development while maintaining responsible lending practices.
Thailand Government Slashed Diesel Prices by Tapping on Refinery Profits
Thailand’s Energy Policy and Planning Committee has approved a plan to allocate 4.475 billion baht from refinery profits to reduce diesel prices by 2.40 baht per liter for a month. This initiative is part of a broader effort to alleviate energy costs amidst fluctuating global markets and reflects the government’s commitment to benefiting citizens.
Vietlott Employee Income Reaches New Heights in 2025
In 2025, Vietlott reported a significant increase in employee earnings, averaging 547 million VND annually. The compensation structure chiefly comprises salaries and bonuses, with senior executives earning notably higher. The company surpassed financial targets, contributing significantly to the state budget and awarding substantial jackpots since 2016.
No Registration Costs Until 2030: Vietnam Bets Big on Electric Cars
Vietnam has extended the exemption of registration fees for electric vehicles until 2030, enhancing affordability for consumers and attracting international manufacturers. This strategic move supports the country’s environmental goals toward achieving net-zero emissions by 2050. However, experts urge additional measures, such as improving charging infrastructure and modernizing the electricity grid, for effective transition.
Vietnam Pushes Military Modernization Through Drone Warfare Initiative
Vietnam has established a new Department of Unmanned Vehicles within its military to enhance defense capabilities and readiness for modern warfare. Announced on June 11, the department will focus on organizing operations, ensuring safety, and developing unmanned technology. It aims to integrate high-tech solutions into military strategies for improved national security.
Thailand’s TH‑AI Passport: A Billion‑Baht Leap Into the AI Future
The TH-AI Passport project by Thailand’s Ministry of Digital Economy aims to provide five million citizens free access to premium AI models for a year. Launched with a budget of 1.6 billion baht, the initiative intends to enhance digital literacy and bridge the digital divide, while also facing scrutiny over economic efficiency and reliance on foreign providers.
US Crab Ban Threatens Philippines’ ₱7-Billion Industry & Thousands of Jobs
The United States has banned imports of Philippine blue swimming crab meat due to non-compliance with the Marine Mammal Protection Act. This ban could cost the local industry ₱6 to ₱7 billion annually and displace thousands of workers. Alternative markets cannot compensate for the lost exports, causing financial strain on fishermen and processors.
First IKEA in Cebu, Philippines at Gatewalk Mall This December
Ayala Land Inc. will launch Ayala Malls Gatewalk in Mandaue City this December, featuring the region’s first IKEA store. This 56,000-square-meter complex will combine shopping, dining, and entertainment, enhancing Cebu’s retail landscape and supporting regional growth. It aims to create a new retail experience connected to a public transport hub.
Malaysia at the Center of Palm Oil Price Surge
The palm oil market is poised for significant price increases in the latter half of 2026 due to the anticipated El Niño phenomenon and growing biofuel demand. With Malaysia’s yields expected to drop and tight supply dynamics, analysts predict Malaysian Standard Palm Oil prices could average RM4,350 per tonne, benefiting local producers while raising costs for downstream industries.
