News
Toyota’s full-year net profit drops 14% on rising costs
Toyota aims to sell 11.38 million cars globally this year as it ramps up EV push.
Toyota’s full-year net profit drops 14% on rising costs
Toyota aims to sell 11.38 million cars globally this year as it ramps up EV push.
China’s BYD eyes EV production plant in Vietnam, says government
With its Thailand plant slated to open next year, BYD plans a second factory to boost production in Southeast Asia.
ASEAN manufacturing rises to seventh-month high in April
Thailand’s PMI outperformed its neighbors by a huge margin last month.
Ayala’s IMI inks $250m deal with American car maker to set up first e-motorcycle factory in the Philippines
IMI is set to assemble around 18,000 Zero e-motorcycle units each year in its manufacturing plant in Laguna.
Hyundai Mobis struggles with one-off costs in Q1 2023
Despite setbacks, analysts see these investments as key to Q2 rebound.
LG reports second highest Q1 revenue and strong profitability in First-Quarter 2023 Results
The company attributes success to improved operations efficiency while expanding B2B and non-hardware businesses.
China’s manufacturing activity contracts in April: official data
The official April PMI marked China's first contraction in its manufacturing sector since December.
Samsung’s semiconductor business swings to loss in Q1
Samsung expects chip demand to rebound in the second half
Singapore, Germany collaborate for manufacturing and tech projects
This also marks the inaugural NRW-Singapore Open Innovation Call.
Taiwanese chip giant TSMC’s net income up 2% in Q1, warns of slowing sales
TSMC posted NT$508.6 billion in Q1 sales but warned revenues may drop further to around NT$462 billion in Q2
Apple sets up first shop in India as part of retail push
After 25 years of operation in India, this marked the US tech giant’s first official store in the country.
Delta Electronics’ net profit to increase 39% YoY in Q1
Thanks to better revenue and gross margin from a low base, UOBKayHian said.
Taiwanese manufacturer of Nike, Adidas shoes commits $280m for first factory in India
The Taiwanese sports shoe maker says this can be the first of many investments in the country.
Samsung's Q1 profit misses estimates; Analyst says production cut sign of market nearing bottom
Samsung estimated that its operating profit may have plunged by as much as 96 percent year on year in Q1.
Manufacturing-related stocks post S$52m net inflows in Q1, returns dip 0.5%
Shipping firms Sembcorp Marine and Yangzijiang Shipbuilding were the most traded manufacturing-related stocks on SGX last quarter.
Hong Kong plans to develop AI centre
The Supercomputing centre will boost the city’s demand for AI services.
India is set to be the 2nd largest solar PV manufacturing market
The module manufacturing capacity more than doubled to 38GW in March 2023.
