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
Hitachi Strengthens Parts Remanufacturing Business in Indonesia
Japan's Hitachi Construction Machinery is establishing a new remanufacturing plant in Bekasi, east of Jakarta, to recycle components for medium-sized and large hydraulic ...
Arkema Building World’s Biggest Integrated Bio-factory in Singapore, Production Starts in 2022
French chemicals and plastics producer Arkema is building a new plant on Jurong Island, Singapore, to produce its flagship Rilsan polyamide 11 high-performance polymer. This ...
Singapore’s Surbana Jurong and Singtel to Develop Smart-city Solutions
Singapore's urban infrastructure specialist Surbana Jurong and communications group Singtel entered a Memorandum of Understanding (MOU) to form a strategic alliance to ...
San Miguel Eyes PH’s First Bus Rapid Transit System
Philippine conglomerate San Miguel Corp is considering building a bus rapid transit (BRT) system in its newly opened elevated expressway, Skyway, to ease commuter woes and ...
Putrajaya City Council Works with Vectolabs for Municipal Smart City Implementation
Putrajaya City Council, Perbadanan Putrajaya (PPj), has partnered with Vectolabs Technologies Sdn Bhd (Vectolabs), a Malaysia-based Internet of Things (IoT) solutions ...
Israel´s Tri-Logical to Supply Railway IoT Solutions
Tri-Logical, an Israeli company that develops IoT and cyber solutions for mission-critical applications, has won a tender from the Thai government to monitor the locomotives ...
Indonesia and Hungary Create Joint Investment Fund of USD 500 Million for Infrastructure Projects
Indonesia and Hungary are setting up the Indonesia-Hungary Investment Fund (IHIF), worth USD 500 million, to help finance the Indonesian government's infrastructure projects. ...
ESR Forms Joint Venture with BW to Develop the My Phuoc 4 Industrial Park
Hongkong-based ESR Cayman Limited (ESR) has formed a joint venture with Warburg Pincus-backed BW Industrial Development Joint Stock Company (BW), the largest and ...
Vietnam’s First Data Center Qualifies for Uptime Institute’s Tier 3
HTC International Telecommunication JSC (HTC-ITC), a subsidiary of the Hanoi Telecommunications Corporation (Hanoi Telecom), has officially implemented its Hoa Lac Green Data ...
Singapore-based Temasek Invests USD 120 million into Edtech Startup UpGrad
UpGrad, an edtech startup founded in 2015, has raised USD 120 million from Singapore-based Temasek in its first external fundraising. The company plans to use the new funds ...
PH Internet Speeds Continue to Improve
The Philippines’ broadband and mobile internet speed have continued to improve as of April 2021 as shown in the Speedtest Global Index by Ookla, according to a statement ...
MDEC and Austrade Strengthen Collaboration on Digital Transformation via Australia-Malaysia Tech Exchange (AMTX)
On 6 May 2021, the Malaysia Digital Economy Corporation (MDEC) and the Australian Trade and Investment Commission (Austrade) organized a virtual event for tech companies from ...
Gojek and Tokopedia to Merge and Create GoTo, Indonesia’s Largest Digital Services Company
Gojek and Tokopedia, two of Indonesia's most valuable tech companies, have agreed to merge and create the GoTo Group. The new combined entity will be the biggest privately ...
Dell Technologies Looking to Expand Hybrid Cloud Services in Thailand
Tech giant Dell Technologies is looking into expanding its hybrid cloud services in Thailand, where the cloud computing market is expected to be valued at THB 15 billion ...
Vietnamese Healthtech Startups Docosan and POC Pharma Raise Over USD 5 Million
Docosan, a Vietnamese healthtech startup, has raised more than USD 1 million in seed funding. The investment was led by Taiwanese investor AppWorks, with participation from ...
The Medical City Hospital Group Partners with Ascent for Medical Flight Services
Leading hospital group The Medical City has partnered with Ascent for the provision of air medical evacuation (medevac) services. Ascent is a Singapore-based on-demand air ...
TE Asia Healthcare Partners to Expand Specialty Healthcare in Singapore, Malaysia, and Indonesia
In response to increasing demands for specialty care, specifically in oncology, cardiology, and orthopedics, TE Asia Healthcare Partners plans to invest USD 90 million over ...
NHAM, AstraZeneca Launch Educational Website to Increase Awareness of Heart Failure
The National Heart Association of Malaysia (NHAM) has partnered with AstraZeneca Malaysia to launch ‘Spotlight on Heart Failure’, a public educational website aimed at ...
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