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China's Geely acquires 49.9% of Malaysia's Proton

May 24, 2017
DRB-Hicom said Wednesday it will sell 49.9% stake in Proton Holdings, its fully owned automaker, to China's Zhejiang Geely Holding Group. Proton will also sell its 51% stake in British sports car maker Lotus to Geely.

Indonesia's carmakers take aim at Australian market

May 19, 2017
Industry hampered by tax policies, environmental issues and trade restrictions. When Indonesian President Joko Widodo met Toyota Indonesia vice president Warih Andang Tjahjono recently, one of the main topics of discussion was Indonesia's export potential, with the country's leader urging Toyota to try to ship more cars abroad.

Toyota decides flying cars aren't so crazy after all

May 18, 2017
Automaker agrees to fund young employees' extracurricular project. Toyota Motor has decided to finance a flying car project that some of its young employees have been voluntarily working on.

Somkid in Wal-Mart talks on farm and fisheries products

Febuary 24, 2017
Deputy Prime Minister Somkid Jatusripitak yesterday held talks with Wal-Mart Stores Inc executive vice president Scott Price, and said the US retail giant was interested in Thailand's agricultural and fisheries products and praised the country's solutions to its illegal-fishing problems.

Thai - Myanmar talks due

Febuary 1, 2017
Deputy Prime Minister Somkid Jatusripitak will be leading major Thai businesses to meet a team of Myanmar officials and businesses to seek further cooperation in developing industrial estates in Myanmar and border trade operations on Feb 3-4. Industry Minister Uttama Savanayana said the Thai business group, which comprise PTT Plc (PTT), Siam Cement Group (SCG) and Ch. Kanchang Plc (CK), are due to meet the team of Myanmar officials, which includes an adviser to Myanmar State Counsellor Aung San Suu Kyi.

Nissan to start assembling cars in Myanmar this year

Febuary 18, 2016
Nissan Motor Co will start assembling cars in Myanmar for the first time this year as the company expands its presence in one of Asia’s final economic frontiers.
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