A report by Fortune Business Insights noted more importance are placed on high efficiency, transparency and lower labour costs — with the bulk from the automotive sector’s advancements and increasing investments in construction.
Many are turning to electric vehicles (EVs) as a way of reducing carbon emissions. Global efforts to diversify supply chains combined with the drive to adopt green technology have left an opportunity for EV production ripe for the taking, especially in Southeast Asia.
Saudi Arabia is Indonesia’s largest trade partner in the Middle East and the Gulf country is seeking to increase its investments in Indonesia in a number of sectors, such as upstream and downstream commodities and electric vehicle battery production.
Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation, is strengthening its partner network in the region with its latest partnership with CAD-IT, a Singapore-based leading Industry 4.0 technologies provider.
JAKARTA — Shares of coal mining companies in Indonesia, the world’s largest thermal coal exporter, have surged on the back of record prices for the fuel in the wake of Russia’s invasion of Ukraine. But the threat of another government export ban is deterring producers from immediately increasing shipments, likely keeping prices elevated for a while.