Malaysia’s Stock Market Set to Trade Higher This Week

The Malaysian national news agency Bernama reported on August 8 that the FTSE Bursa Malaysia KLCI (FBM KLCI) is projected to trade with an upward trend bias leading into the week of August 8. This favourable momentum is estimated to oscillate within a narrow consolidation range of 1,720 to 1,750 points.

Indonesia Targets Mass Production of National Electric Vehicles by 2028

President Prabowo Subianto said that Indonesia aims to kickstart the mass production of domestic electric vehicles (EVs) by no later than 2028. This ambition was announced during the inauguration of the National Electric Motorcycle (Molinas) in Bekasi, West Java province, on August 13. The president noted that “a large complex is being developed” across adjacent areas.

France Is Looking to Indonesia. Can Its Tech Startups Follow?

Having lived in Indonesia for the past 14 years, Jakarta-based French entrepreneur and President of La French Tech Indonesia, Reza Pir Nazar, views Southeast Asia’s largest economy as an “interesting destination” for global technological investment. However, Reza highlights a stark regional imbalance, noting that “Singapore is getting the most attention”.