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

Indonesia Issues New Guidelines to Drive Rooftop Solar Adoption

The Ministry of Energy and Mineral Resources has taken a strategic step to enhance the implementation of Rooftop Solar Power Plants (PLTS) by issuing Regulation Number 2 of ...

Indonesian Vice President Calls for Collaboration in Halal Industry with New Zealand

During a meeting held in Auckland in March 2024, the Vice President of Indonesia urged stakeholders in New Zealand’s halal industry to strengthen collaboration with ...

US Firm Lands Contracts for Maritime Patrol Aircraft Services in Indonesia

Integrated Surveillance and Defense (ISD), a US-based firm, has been awarded a contract by the US Navy to enhance three maritime patrol aircraft (MPA) for the Indonesian ...

Indonesian Fisheries Industry Pursues Increased AI Integration

Indonesia aims to modernize its fisheries sector to meet the growing demand for farmed seafood and capture a larger share of the lucrative global markets, valued at USD 421 ...

Thermo Fisher Scientific Expands Local Operations in Indonesia

Thermo Fisher Scientific, an American supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology ...

Singaporean Digital Infrastructure Company Partners with Indonesian Conglomerate to Build Data Center in Indonesia

BW Digital, a subsidiary of the Singapore-based BW Group, and Citramas Group, an Indonesian conglomerate, have announced a partnership to develop a carrier-neutral digital ...

Consortium of Oil and Gas Companies Selected for LNG Infrastructure Project in Indonesia

A consortium consisting of AG&P LNG, Suasana Benua Sukses, and KPM Oil and Gas, all operating within the energy sector, has secured a 20-year contract for the development ...

South Korea’s CMG Pharmaceutical Set to Enter the Vietnamese Cosmetics Market

With a focus on young Vietnamese consumers, South Korea’s CMG Pharmaceutical is preparing to enter the Vietnamese cosmetics market. The pharmaceutical company, known for its ...

Dutch Company to Build New Semiconductor Component Plant in Vietnam

In March 2024, VDL ETG, the high-tech cluster of VDL Groep, ratified cooperation with Frasers Property for the construction of a new facility in Vietnam to make semiconductor ...

Dutch Shipping Company APM Terminals Strengthens Collaboration for Terminal Development in Vietnam

During a trade mission of Dutch copmanies to Vietnam, APM Terminals and Hateco Haiphong International Container Terminal (HHIT), a fully owned subsidiary of Hateco Group, ...

South Korea’s Hanwha Life to Support Training for ICT and Fintech in Vietnam

South Korea’s Hanwha Life recently inked a memorandum of understanding with its local collaborator, the Vietnam-Korea University of Information and Communication ...

South Korea’s Genuone Sciences Strengthens Business Presence in Vietnam

South Korea’s pharmaceutical company Genuone Sciences has recently formed a partnership with Vietnam’s pharmaceutical manufacturer Imexpharm in a strategic move to expand its ...

Dutch Hollow Fiber Nanofiltration Specialist to Advance Sustainable Water Solutions in Vietnam

Dutch hollow fiber nanofiltration technology specialist NX Filtration recently announced the signing of two agreements aimed at advancing sustainable water solutions in ...

Denmark’s Copenhagen Infrastructure Partners Explores Green Energy Opportunities in Vietnam

Denmark’s Copenhagen Infrastructure Partners (CIP), via its Growth Market Funds, has entered into a Memorandum of Understanding (MoU) with PetroVietnam, a leading ...

New Business Delegation from the United States Visits Vietnam

In March 2024, a large American business delegation, which includes Meta, Boeing, and wind energy company GE Vernova, visited Vietnam to seek investment opportunities with ...

Swissport International Partners with Vietnam’s Low-Cost Carrier Vietjet Air

Swiss aviation services company Swissport International AG has been selected by Vietnamese low-cost carrier Vietjet Air to provide a wide range of airport ground services. ...

Vietnam’s Dairy Giant Adopts Dual Vacuum Technology

Vinamilk, Vietnam’s largest dairy company, has introduced its latest offering, the Vinamilk Green Farm fresh milk, produced from eco-conscious farm ingredients and ...

Shell to Construct Indonesia’s Frist Grease Manufacturing Plant

Shell, an international oil and lubricant company, has begun constructing Indonesia’s first Grease Manufacturing Plant (GMP). It represents an additional investment ...

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