Japan’s Mitsui Kinzoku plans to build a factory in Malaysia, focusing on high-performance copper foil for AI and semiconductor industries. Set to operate by 2031, it will enhance global production capacity. This move highlights Malaysia’s growing role in advanced manufacturing and Mitsui Kinzoku’s commitment to expanding its technological footprint.
Tag: news
Indonesia’s Creative Leap Forward
Indonesia’s Ministry of Creative Economy has launched the Creative Economy Master Plan (Rindekraf) 2026–2045 to drive economic growth, targeting a 6 percent expansion by 2027. This strategic framework emphasizes regional development and transforms creativity into a key economic driver, fostering innovation and supporting diverse communities across the nation.
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.
Prabowo’s Indonesia: Can the National Car Initiative Compete with Thailand, Vietnam, and China?
Indonesia’s National Car Project aims to produce 50,000 vehicles annually in Subang, expanding to 300,000 over time. Backed by the government, it seeks to boost economic resilience and technological independence. However, Indonesia faces stiff competition from Thailand’s EV efforts and Vietnam’s international market strategy, needing to pivot towards electric vehicles to succeed.
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.
Vietnam’s Nuclear Future: Building the Human Capital for Long-Term Energy Security
Vietnam is focusing on its energy future by reviving the Ninh Thuan nuclear projects to diversify its energy sources. Success depends on developing a skilled domestic workforce proficient in nuclear technology. Approximately 4,000 trained personnel are needed by 2030, necessitating a specialized training program and strong international cooperation for lasting energy independence.
Thailand’s Energy Giants Announce Diesel Price Cuts to Ease Consumer Burden
Thailand’s PTT and Bangchak energy companies will reduce diesel prices starting June 11, with standard diesel dropping by 40 satang and premium diesel by one baht per liter. This decision aims to alleviate consumer fuel costs amidst fluctuating global oil prices and rising inflation, reflecting broader economic concerns.
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.
