Ayala Group’s automotive unit sets P50-B revenue goal by 2025

AC Motors, the automotive arm of the Ayala Corp. conglomerate, aspires to become a pioneer in new energy vehicles sector and preeminent auto group in the country through disruptive technologies four years from now or by 2025 through disruptive technologies.

Indonesia presses for TKDN certification for electricity products

Jakarta (ANTARA) – The government continues to encourage electricity products in Indonesia to have a local content requirement (TKDN) certificate in a bid to substitute imported products while fostering greater self-reliance in the local electricity industry.