SIME Darby Motors Bhd expects the local assembly of Hyundai models at its Inokom plant in Kulim, Kedah, to increase despite the South Korean automotive giant moving its Asia-Pacific headquarters to Indonesia from Petaling Jaya by the end of 2021.
This is because the production of right-hand kits in Hyundai’s new plant in Indonesia will lead to tax savings even for the Malaysian market, and this is expected to increase the volume of Inokom’s assembly of Hyundai cars.
SD Motors owns Hyundai-Sime Darby Motors Sdn Bhd (HSDM), which is the sole distributor and exclusive importer of Hyundai cars in Malaysia. SD Motors is part of the Sime Darby Bhd group.
Indian generic drugmakers have a huge potential for growth in Vietnam, says Fitch Solutions Country Risk and Industry Research in its latest report. Vietnam’s domestic pharmaceutical industry is currently able to meet just 53 per cent of the country’s demand. And this is an excellent opportunity for Indian drugmakers as it is among the leading global producers of generic medicines.
India is Vietnam’s third largest supplier of pharmaceutical products, with an export turnover of US$198 million in the first nine months of 2020. It also provides raw pharmaceutical materials and generic medicines for the Vietnamese market. Fitch Solutions said the medicines and raw materials imported from India are reasonably priced and meet the diverse needs of Vietnamese.
Wednesday, 20 Jan 2021 10:08 AM MYT
BY SYED JAYMAL ZAHIID
A general view of the Suria KLCC shopping mall during the movement control order in Kuala Lumpur January 16, 2020. Picture by Hari Anggara
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KUALA LUMPUR, Jan 20 Fitch Solutions Country Risk and Industry Research has revised its consumer spending forecast for Malaysia, citing the current round of movement restrictions that is expected to delay recovery in the retail sector despite the initial anticipation that it would rebound this year.
The Fitch Group unit slashed its real household spending growth forecast to 7.2 per cent year-on-year from the previous forecast of 11.0 per cent for the same period.
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