Jardine C&C betting on Asean consumer story
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Singapore
NEW car sales in Indonesia are still stuck in a soft patch, but Alex Newbigging, outgoing group managing director of Jardine Cycle & Carriage (JC&C), isn't fretting over the speed bumps.
"The long-term fundamentals remain very exciting in Indonesia. And for the automotive industry, if you look at the penetration levels of automotives, there's a lot of growth to come. We're very optimistic about the automotive industry in Indonesia," Mr Newbigging told The Business Times in his first media interview.
