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[1/2] A worker cleans an electric-powered car Neta V, that is displayed during the Gaikindo Indonesia International Auto Show in Tangerang, near Jakarta, Indonesia, August 10, 2023. Dody Hartono, a visitor at the auto show who plans to buy his first EV by 2024, said he wants a better deal. Indonesia has ambitious EV growth plans as it races Thailand and India to build out an EV industry as an alternative to China, the world's largest producer. CONFIDENCE ISSUESToyota (7203.T), its affiliate Daihatsu, and Honda (7267.T) account for two-thirds of auto sales in Indonesia but have been slow to pivot to EVs. Toyota has said it has no plans yet to build an EV in Indonesia.
Persons: Willy Kurniawan, Dody, EVs, Hartono, China's, Hendra Pratama, Hendra Budi, , Johan Purnomo, Stefanno Sulaiman, Kevin Krolicki, Himani Organizations: REUTERS, Hyundai, HK, Air EV Lite, Daihatsu, Huawei, Toyota, Honda, Mitsubishi Motors, Thomson Locations: Indonesia, Tangerang, Jakarta, Thailand, India, China, Southeast Asia
Southeast Asian finance leaders discuss containing global risks
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +2 min
NUSA DUA, Indonesia, March 31 (Reuters) - Talks between Southeast Asian central bank governors and finance ministers entered their final day on Friday, with the leaders focused on strengthening the region's resilience against global risks. The gathering of finance leaders from the Association of Southeast Asian Nations (ASEAN) comes amid a backdrop of recent global banking turmoil after the collapse of Silicon Valley Bank and the bailout and takeover of Credit Suisse. Indonesia's central bank governor Perry Warjiyo called on the forum to boost the use of local currencies for settlements to reduce volatility and exposure to major currencies. They also discussed cryptocurrencies and central bank digital currencies, he added. Reporting by Stefanno Sulaiman; additional reporting by Ananda Teresia in Jakarta Editing by Ed Davies, Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.
NUSA DUA, Indonesia, March 31 (Reuters) - Southeast Asian central bank governors and finance ministers are set to wrap up talks on Friday, after meeting in Bali this week for discussions often focused on how the region can remain resilient in the face of a spike in global risks. The gathering of finance leaders from the Association of Southeast Asian Nations (ASEAN) comes amid a backdrop of recent global banking turmoil after the collapse of Silicon Valley Bank and the bailout and takeover of Credit Suisse. Dody also said finance deputies discussed connecting payment systems in the region, even though the infrastructure of some ASEAN countries was not fully developed yet. They also discussed cryptocurrencies and central bank digital currencies, he said. They knew the memory of the Asian financial crisis," Philippine central bank governor Felipe Medalla told the seminar on economy resiliency.
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