Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in Southeast Asia

Monthly Business News to Help You Understand the Market

Team Sweden and Indonesia Set 2025 Agenda for Sustainable Healthcare Collaboration

Jan 2025 Indonesia, Healthcare

In a continued effort to strengthen healthcare ties, Team Sweden, a collaboration of the Swedish Embassy, Business Sweden, and various Swedish companies, is working closely ...

Indonesia’s Star Energy Geothermal Partners with US Company for Generative AI and Cloud Solutions

Jan 2025 Indonesia, ICT

Indonesian geothermal developer Star Energy Geothermal, a subsidiary of Barito Renewables Energy (BREN), has teamed up with US-based IT firm Kyndryl to enhance its operations ...

ADB and Singapore’s TBS Partner for Sustainable Transportation in Indonesia

Jan 2025 Indonesia, Infrastructure

The Asian Development Bank (ADB) has partnered with Singapore-affiliated PT TBS Energi Utama (TBS) to advance sustainable transportation in Indonesia. The initiative focuses ...

Singapore’s EliTe Solar Launches New Solar Cell Facility in Indonesia

Jan 2025 Indonesia, Manufacturing

Singapore-based solar manufacturer EliTe Solar has officially launched a high-efficiency solar cell production facility in Indonesia, marking a significant expansion into the ...

Korean Fried Chicken Chain BHC to Open First Indonesian Outlet in 2025

Jan 2025 Indonesia, Retail/FMCG

Korean fried chicken brand BHC is set to enter the Indonesian market in early 2025, marking its debut in the country. Dining Brands Group, the company behind BHC, confirmed ...

FILA Launches in Malaysia with Three New Stores

Jan 2025 Malaysia, Retail/FMCG

FILA has officially launched its presence in Malaysia with the opening of three stores within a month, marking a significant entry into the local market. The first store ...

Hyundai Motor Partners with INOKOM for Automotive Assembly Investment in Malaysia

Jan 2025 Malaysia, Manufacturing

Hyundai Motor is set to establish a strategic partnership with INOKOM for the assembly of several new automotive models in Malaysia, backed by a significant investment of MYR ...

Malaysia and Singapore Collaborate on Digital Transformation in Maritime Industry with New MoU

Jan 2025 Malaysia, Infrastructure

Malaysia’s MISC Berhad and Maritime and Port Authority of Singapore (MPA) have signed a memorandum of understanding (MoU) aimed at enhancing collaboration in ...

Malaysia Launches National AI Office to Drive Digital Transformation and Economic Growth

Jan 2025 Malaysia, ICT

Malaysia has officially launched the National AI Office (NAIO), a pivotal initiative aimed at advancing the country’s digital transformation and positioning it as a ...

Mahkota Medical Centre Launches Malaysia’s First Next-Gen Smart Ward

Jan 2025 Malaysia, Healthcare

Mahkota Medical Centre (MMC) in Malacca has launched Malaysia’s first Next-Gen Smart Ward, marking a significant milestone in patient care as the facility celebrates ...

UVCell Solar and Iozela Collaborate on Two Major Energy Projects in Malaysia

Jan 2025 Malaysia, Environment

UVCell Solar and Iozela Data Center have announced a strategic collaboration to develop two significant projects in Malaysia, focusing on sustainability and renewable energy. ...

Pengerang Energy Complex Secures USD 3.5 Billion Financing for Low-Carbon Petrochemicals Facility

Jan 2025 Malaysia, Energy

Pengerang Energy Complex (PEC) has secured project financing of USD 3.5 billion from leading export credit agencies (ECA) and Islamic financing entities to develop a ...

Malaysia Secures USD 56.58 Billion in Investments, Targets Top 30 Global Economy by 2033

Jan 2025 Malaysia, Economy

Malaysia has demonstrated strong investor confidence with approved investments totaling MYR 254.7 billion (USD 56.58 billion) for the first nine months of 2024, reflecting a ...

World’s First AI-Powered Palm Oil Mill Launched in Malaysia

Jan 2025 Malaysia, Agrifood

The world’s first palm oil mill utilizing artificial intelligence (AI) technology has been launched in Kuala Kangsar, Malaysia, marking a significant advancement for ...

Malaysia to Lease 28 AW149 Helicopters in USD 3.4 Billion Defense Initiative

Jan 2025 Malaysia, Defense/Aerospace

The Malaysian government has announced a significant initiative to lease 28 AW149 medium helicopters from Italy’s Leonardo, with a contract valued at USD 3.4 billion ...

Japanese Conglomerate Launches Vietnam’s First Refrigerated Beef Processing Plant

Jan 2025 Vietnam, Agrifood

Sojitz Corporation, a Japanese conglomerate, has officially commenced operations at one of Vietnam’s largest beef processing plants located in Tam Dao, Vinh Phuc ...

Vietnam and US Strengthen Defense Ties at Defense Expo

Jan 2025 Vietnam, Defense/Aerospace

Vietnam’s Prime Minister (PM) Pham Minh Chinh welcomed a delegation of aerospace, defense, and security companies from the US-ASEAN Business Council (USABC) in Hanoi in ...

Vietnam Attracts Record Foreign Investment, Aims for Global Economic Leadership

Jan 2025 Vietnam, Economy

Vietnam has demonstrated impressive growth in foreign investment in 2024, attracting over USD 27.26 billion as of October, marking a 1.9% increase from the previous year. The ...

Explore Our Services