JP Morgan predicts Apple will manufacture more products in Vietnam. Malaysia is eyeing an EV share of 38% by 2030.
Apple to produce more tablets, PCs, wearables in Vietnam
TechCrunch cited JP Morgan as estimating that Vietnam may contribute 20% of all iPad and Apple Watch productions, 5% of MacBooks, and 65% of AirPods by 2025, and China- and Taiwan-based suppliers may split Apple's order in the country.
Indonesia passes data protection bill
According to Jakarta Post, Indonesia's House of Representatives passed the personal data protection bill into law, which requires companies to gather data before users' consent and allows users to withdraw their consent.
Japan's Yokowo to invest in Philippines
According to Inquirer.net, Japan-based Yokowo invested PHP230 million (US$3.91 million) in the Hermosa Ecozone Industrial park in Bataan, the Philippines, to manufacture automotive wiring harnesses and components.
Malaysia to boost EV share to 38% by 2040
According to Paultan, Malaysia is eyeing an market share of 38% for EVs by 2030 through the Low Carbon National Aspiration 2040, a part of the National Energy Policy 2022-2040, with carmakers asking for tax breaks on EVs to be extended to 10 years in Budget 2023.
Indonesia's Electrum plans to deliver 2 million E2Ws
According to Nikkei Asia, Electrum, a joint venture of TBS Energy Utama and Gojek, is planning to supply two million electric motorbikes and help Gojek to reach its goal of an all-electric fleet by 2030.
