Car sales in Indonesia are down by 18.4 per cent year-on-year this July despite growing sales of battery electric vehicles (BEVs). Data from the Indonesia Automotive Industries (GAIKINDO) revealed that a total of 60,552 new vehicles were sold last month, down from 74,230 units sold in the same month last year.
Indonesia's central bank cut interest rates again in a surprise move on Wednesday and flagged it could cut some more, as it stepped up support for Southeast Asia's largest economy against the backdrop of global uncertainties.
Oil prices gained slightly on Thursday as larger-than-expected declines crude oil and fuel inventories in the US, the world's biggest oil user, supported expectations for steady demand.
US crude exports are finally picking up after a muted summer as domestic refineries begin preventive maintenance and the Trump administration threatens tariffs on India for purchasing Russian oil.
The Malaysian Automotive Association (MAA) has released vehicle sales data for the month of July 2025, which saw a total of 70,057 units delivered to customers. This is considerably more than the 54,863 units sold in June 2025 and represents an increase of 28% or 15,194 units.
Japan's exports posted the biggest monthly drop in about four years in July, government data showed on Wednesday, as the impact of U.S. tariffs intensified, raising concerns about the outlook for the export-reliant economy.