UMW Toyota Motor has unveiled its fourth-generation edition of Toyota Vios with more than 5,000 orders to date since the announcement of the order-taking on Feb 24, 2023.

The growth rate of Malaysia’s exports is expected to slow down this year, following the stellar 25% year-on-year (y-o-y) growth in 2022, as multiple headwinds weigh on prospects, according to economists.

Auto sales fell by 27% to 68,402 units in the first two months of the year as consumers tightened purse strings amid rising inflation and credit remained expensive.

Taiwan's export orders in February shrank for a sixth straight month, though at a slower pace, dragged down by China and as global demand continued to be squeezed by inflation and interest rate hikes.

Indonesia will allocate 7 trillion rupiah ($455.88 million) in state funds to subsidise electric motorcycle sales through 2024, officials said on Monday, as it pushes mass adoption of EVs with the aim of attracting investment in the domestic industry.

South Korean exports tumbled for the first 20 days of March and producer inflation eased last month, data showed on Tuesday, reinforcing expectations the central bank will not raise interest rates further amid current market turbulence.