Jakarta (VNA) –Japanese carmaker Toyota is planning to invest 2 billion USD in developingelectric vehicles (EV) in Indonesia in the next five years.
The commitment was made during a virtual meetingon December 8 between Toyota's chief executive officer for Asia region YoichiMiyazaki and Coordinating Minister for Economic Affairs Airlangga Hartarto.
Toyota is set to cooperate with the IndonesiaTourism Development Corporation to carry out the EV Smart Mobility project inNusa Dua, Bali’s eco-tourism ecosystem.
Miyazaki said the manufacturer plans tointroduce 10 electric vehicles to Indonesian consumers by 2025, noting that itprepares the country to become an export hub for Toyota products, not only forthe ASEAN region but also for other markets.
In 2019, its unit PT Toyota MotorManufacturing Indonesia (TMMIN) announced to start the EV production inits factory located in Karawang, West Java province. The TMMIN presidentdirector, Warih Andang Tjahjono, said a change in the productionline is required to run the planned.
The company is attempting to produce hybridvehicles in Indonesia. Hybrid vehicles are perceived as being better alignedtoward the production of electric vehicles since its engine uses both batteryand gasoline. The car producer expects to begin producing hybrid cars in 2022with sport utility vehicles and multipurpose vehicles as a start.
Indonesian President Joko Widodo used to voicehis desire to turn the archipelago nation into an EV hub for Asia andbeyond with a target to start the production in 2022 and the share to reach 20percent of total car production by 2025./.
Indonesia plans to exclude several “sensitive” commodities such as rice, weaponry and alcoholic beverages from its scheduled commitment to eliminating tariffs in the Regional Comprehensive Economic Partnership (RCEP).
Indonesia’s domestic motorcycle sales dropped strongly in October 2020 due to impacts of COVID-19 pandemic, according to the Association of Indonesia Motorcycle Industry (AISI).
Bank Indonesia (BI) sees bank lending to expand by 7 - 9 percent next year on the back of low-interest rates and recovery in the economy, according to its Governor Perry Warjiyo.
The tourism sector of Indonesia has fallen into deep difficulties due to the impact of the COVID-19 pandemic, with losses incurring so far amounting to around 7 billion USD.
As Southeast Asian ride-hailing giants Gojek and Grab are reportedly discussing a merger deal, Indonesian officials and experts have warned that a consolidation of such dominant companies may cause a market monopoly.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
A car assembly factory of Toyota (Photo: VNA) 
