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The Edge Malaysia is Malaysia's leading financial news organisation, committed to reporting the truth with independence and integrity. Our flagship publication, The Edge, provides authoritative and analytical content on corporate, investment, and economic issues, as well as news on real estate, digital technology, and
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News
Thailand to increase tax on EV imports, official says
3+ day, 3+ hour ago (243+ words) BANGKOK (Sept 10): Thailand's electric vehicle board has agreed to increase excise tax on EV imports to promote investment in domestic auto manufacturing, a finance official said on Thursday. Fully imported vehicles (CBUs) will face the highest tax rate, above the…...
China's EV penetration could reach 80% by 2030, Sinopec researcher says
3+ day, 7+ hour ago (243+ words) SINGAPORE (SEpt 10): China's electric vehicle penetration rate is expected to continue rising, albeit at a slower pace toward the end of the decade, to reach 75% to 80% by 2030, a researcher at state oil company Sinopec said on Thursday. The continued growth…...
Lithium’s inventory upheaval confounds industry, hits prices
5+ day, 4+ hour ago (322+ words) (Sept 8): A surprise surge in lithium stockpile data — after a change in methodology — has confounded traders and weighed on prices, prompting some to call on authorities to step in. Data released last week by SMM Information & Technology Co, leaning on…...
Globaltec’s NuEnergy raises RM8.8 mil to advance Indonesian gas commercialisation
6+ day, 9+ hour ago (208+ words) KUALA LUMPUR (Sept 7): Globaltec Formation Bhd’s (KL:GLOTEC) 70%-owned subsidiary NuEnergy Gas Ltd is raising A$3.05 million (about RM8.8 million) to advance the commercialisation of its gas assets in Indonesia. The proceeds will mainly be used to support development of the Tanjung…...
Jaguar Land Rover to cut 4,000 jobs as sales slide, Times says
1+ week, 1+ day ago (289+ words) (Sept 5): Jaguar Land Rover Automotive plc is set to cut 4,000 jobs over the next two years as the UK’s largest carmaker confronts soaring costs, plummeting sales and the effects of US tariffs, The Times reported. Staff were warned late Friday…...
Honda said to tell suppliers to cut costs in US$9 bil push to fend off China
1+ week, 4+ day ago (628+ words) TOKYO (Sept 2): Japan's Honda aims to cut more than US$9 billion (RM36 billion) in costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with the matter. Honda,…...
China issues guidelines for automakers' overseas operations
1+ week, 5+ day ago (181+ words) The guidelines follow a rapid global expansion by Chinese automakers, led by BYD, as intensifying competition at home pushes manufacturers to seek growth abroad. The rules call on automakers to base pricing on costs and market conditions, avoid using prices…...
Powering the future of aviation: How KLIA Aeropolis Solar Park supports Malaysia Airports’ transformation journey
1+ week, 6+ day ago (543+ words) Across its network, the focus is shifting towards strengthening the foundations that enable airports to serve future demand. While some improvements are visible to passengers through refreshed facilities and smoother journeys, many of the changes taking place are behind the…...
Hyundai Motor sets 2030 sales target at 5.5 million units
2+ week, 4+ day ago (144+ words) SEOUL (Aug 26): Hyundai Motor said on Wednesday that it had set a global vehicle sales target of 5.5 million units for 2030 and aims for electric vehicles to account for 60% of its sales mix, up from 23% in 2025. The South Korean automaker said…...
Indonesia's Prabowo launches 14 solar power projects
2+ week, 5+ day ago (154+ words) JAKARTA (Aug 25): Indonesian President Prabowo Subianto inaugurated 14 solar power plant projects on Tuesday with a combined capacity of 5.3 gigawatts, part of the country's goal to add 100GW of new solar capacity by 2029 and reduce its dependence on climate-warming fossil fuels. Of…...