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
Philippines Begins Hydrochlorofluorocarbons Phase out; In talks with Japan for Assistance
The Department of Environment and Natural Resources (DENR) announced that it will now begin the second stage of the Hydrochlorofluorocarbons Phase-out Management Plan (HPMP), ...
Philippines’ Energy Department Awards 928 Renewable Energy Projects
Following the suspension of granting new contracts for greenfield coal power projects in the country, the Department of Energy (DoE) has recently okayed 928 more renewable ...
Senate Approves Bill to Amend the Philippines’ Foreign Investment Law
In mid-September 2021, the Philippine Senate unanimously approved Senate Bill 1156, a new bill that will amend the country’s foreign investment law, the Foreign Investments ...
Philippine Government Inaugurates New Army Aviation Hangar
The Philippine government inaugurated the new PHP 63.1 million (USD 1.25 million) hangar facility at the Philippine Army's Aviation Regiment in Fort Ramon Magsaysay in ...
PHP 24 Million Shrimp Hatchery Launched in Mindoro
The Department of Agriculture (DA) led the inauguration of the Philippines’ first Department of Agriculture-Bureau of Fisheries and Aquatic Resources (DA-BFAR) Shrimp ...
Boxed and AEON Announce the Launch of myAEON2go Software and Services Technology in Malaysia
Boxed, an e-commerce grocery provider based in New York has inked a partnership with AEON Co, one of the largest hypermarket retailers in Asia to launch an end-to-end ...
Lam Research Opens Largest Manufacturing Facility in Penang
Lam Research Corporation, an American global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, has launched its new facility in ...
Logistics, Transport Infrastructure to be Strengthened under 12MP
The Economic Planning Unit of Malaysia has released the 12th Malaysia Plan (2021-2025), which aims to boost national productivity, facilitate economic growth, and enhance ...
Tata Communications, TM to Collaborate on ASEAN IP Transit Services
Indian telco giant, Tata Communications has agreed to work with Telekom Malaysia (TM) to utilize its data center, connection, and network infrastructure to expand the IP ...
K-One Technology to Produce NASA-approved Ventilators
Owing to the growing need for ventilators throughout the world to manage the COVID-19, K-One MediTech Sdn Bhd (KOM), the wholly-owned subsidiary of K-One Technology Bhd ...
Malaysia to Become Low Carbon Nation, Transition to Circular Economy by 2025
The 12th Malaysia Plan (12MP) has unveiled that Malaysia will pursue a low-carbon, clean and resilient development strategy to achieve sustained socio-economic growth. The ...
PETRONAS and ENEOS Expand Energy Partnership To Develop Hydrogen Supply Chain
PETRONAS, Malaysia’s state-owned energy firm via its subsidiary, PETRONAS Gas & New Energy Sdn Bhd (PGNESB) has signed a Memorandum of Understanding (MoU) with Japanese ...
Malaysian Government Announces The Biggest Five-Year Development Plan with MYR 400 Billion Budget
Prime Minister Ismail Sabri Yaakob has presented the 12th Malaysia Plan (12MP), the nation’s five-year development framework between 2021-2025. The 12MP is largest five-year ...
Aerospace Sector to be Boosted Under 12MP
The Twelfth Malaysia Plan (12MP), the country's long-term development plan has identified the aerospace sector as one of its high-tech and priority industries to be ...
Malaysia to Launch National Agrofood Policy 2021-2030
The Malaysian government will be launching a National Agrofood Policy 2021-2030 (NAP 2.0) to transform the agrofood industry into a sustainable, competitive and ...
E-commerce Firms in Indonesia Competing in the Groceries Segment
The Institute of Grocery Distribution estimates that Indonesia has one of the biggest grocery markets in Asia, with a value expected to reach around USD 170 billion in 2022, ...
Hyundai and LG Begin Construction of EV Battery Cell Plant in Indonesia
In September, Hyundai Motor Group announced the commencement of construction of an Electric Vehicle (EV) battery cell plant in Karawang, near Jakarta Indonesia. The ...
Indonesia Moving Forward with Plans for New Capital
The president of Indonesia, Joko “Jokowi” Widodo, has just approved the government work plan (RKP) of 2022, which allocates over USD 32 million for the country’s new capital ...
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