Hyundai Indonesia eyes more CKD projects from principal
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Hyundai Indonesia is in talks with its South Korean principal to obtain more completely knocked down projects, an executive has said.
The company has an assembly plant in Pondok Ungu, Bekasi, West Java to assemble big, H-1 multipurpose vehicles with 43-per-cent local content.
Hyundai Indonesia exports 250 units per month to Thailand.
“We are in discussions with the principal to see if we can build mini-MPVs here,” president director Mukiat Sutikno said recently.
Demand for mini-MPVs was big in Indonesia, prompting more manufacturers to concentrate on them, such as Toyota Avanza, Daihatsu Xenia, Honda Mobilio and the upcoming Mitsubishi |– The Jakarta Post
Meet on Brexit impacts
US Federal Reserve officials and central bank executives from 12 economies were gathering in Bali yesterday to discuss and share their experience regarding global monetary policy, including measures to deal with the knock-on effects of the UK’s decision to leave the European Union, a move dubbed Brexit.
The discussion is part of the annual Executives’ Meeting of Asia Pacific Central Banks featuring as speakers Federal Reserve Bank of New York president William Dudley and Reserve Bank of India Governor Raghuram Rajan.
Other issues to be addressed include ways of boosting the over-the-counter derivatives market, assessment of the global and regional monetary situation, and monetary surveillance. |– The Jakarta Post
Bid for double-digit growth
GCH Retail (Malaysia), the owner of Giant, hopes to secure double-digit revenue growth this year following the hypermarket and retailer chain’s renewed and improved customer shopping experience.
General merchandising director Lee Siew Mei said about 50 per cent of the growth would be mainly contributed by a dedicated baby promotional fair, attracting mothers aged 35 and above.
“We introduced a one-stop centre last year to enable mothers to buy baby products such as diapers, powdered milk, toiletries and clothes and the response was encouraging,” she told Bernama.
“We are also working closely with suppliers to come out with exclusive items to complement their products.
For instance, if a mother purchases a powdered milk product above 50 ringgit (Bt432) in a single receipt, she is entitled to get free baby food,” she said. – The Star
Hotel network enters Laos
Muong Thanh Group, Vietnam’s largest private hotel operator, launched its first luxury hotel in Laos on Thursday in hopes of expanding its operations into overseas markets.
The Muong Thanh Luxury Hotel, located in Phonsinuan village of Sisattanak district, is one of the biggest buildings in the country.
The five-star hotel has 25 floors and 331 rooms with a maximum guest capacity of 700.
It also has four restaurants and |an 800-seat convention hall. |– Viet Nam News
