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

Positive Outlook for Vietnam’s Pharmaceutical Companies

May 2022 Vietnam, Healthcare

Drug companies’ earnings have surged during the first quarter of 2022 due to high demand for Covid-19 medicines and other relevant products. DHG Pharmaceutical JSC, the ...

Organizations to Step Up to Solve Plastic Pollution

May 2022 Vietnam, Environment

Vietnam discards over 3.9 million tons of waste each year, and roughly a third of that is recycled properly. The remaining amount is often burned, buried in landfills, or ...

Vietnam to Consider Returning to Nuclear Energy

May 2022 Vietnam, Energy

Experts say Vietnam should restart its nuclear energy program by 2030 in order to meet its commitment to attaining carbon neutrality by 2050. According to a former head of ...

Vietnam’s Proptech Startups to Attract More Investors

May 2022 Vietnam, Economy

Since the epidemic, many real estate companies have turned to technology to promote their sales, and investments are pouring into these proptech startups to capitalize on the ...

Vietnam’s First Cargo Airline Close to Takeoff

May 2022 Vietnam, Defense/Aerospace

As freight demand grows, Vietnam's Ministry of Transport has sought the Prime Minister's consent to grant a license to IPP Air Cargo, marking it to be the country's first ...

Malaysia’s Trade Outlook Remains Optimistic, Records USD 53.89 Billion in March

May 2022 Malaysia, Economy

Department of Statistics Malaysia (DOSM) announced that Malaysia's total trade increased by 27.3% year-on-year (y-o-y) in March 2022, with a strong record of MYR 236.6 ...

Consortiums Led By Boost, Grab, Sea, Aeon, and KAF Awarded Malaysia’s Digital Bank Licenses

May 2022 Malaysia, ICT

Malaysia’s Central Bank, Bank Negara Malaysia (BNM) has announced the five successful applicants for the digital bank licenses, in an effort to boost financial inclusion in ...

Philippines Attracts More Investments from US Companies

May 2022 Philippines, Economy

Several US companies have expressed interest to invest further in the Philippines, taking advantage of the incentives brought forth by recently enacted laws that liberalized ...

Airbus Boosts Support for the Philippines’ Defense Needs

May 2022 Philippines, Defense/Aerospace

A multinational aerospace company, Airbus, sees the Philippines as an important market for the company. The country's defense market is poised to grow since the country is ...

Vietnam to Designate New Specialized Zones for Agriculture

May 2022 Vietnam, Agrifood

Ho Chi Minh City (HCMC) will work with the Ministry of Agriculture and Rural Development to develop five zones in 13 provinces dedicated solely to agriculture, forestry, and ...

The Philippines’ DOST Collaborates with Australia’s RMIT on Digital Healthcare System

May 2022 Philippines, Healthcare

The Philippines' digital healthcare system gets a boost from Australia after the Philippines' Department of Science and Technology (DOST) and Australia's Royal Melbourne ...

JICA Continues to Support the PH Agriculture

May 2022 Philippines, Agrifood

The Japan International Cooperation Agency (JICA) extended its continued support to the endeavors of the Philippine Department of Agriculture (DA) during a courtesy call on ...

Chioson Fully Shifts to Renewable Energy by Tapping First Gen

May 2022 Philippines, Manufacturing

Chioson Group, a Cebu-based steel manufacturer and property developer is set to be a carbon-neutral firm by 2025 as it completely shifted to renewal energy by tapping First ...

Filipino Consumers Deliberate on Spending More on Retail Shopping

May 2022 Philippines, Retail/FMCG

The data from the Q1 2022 Consumer Pulse Study by TransUnion revealed a shift in spending priorities as the Philippine economy reopened early this year. Eager to move on from ...

Shizen Malaysia to Build One of the Largest Floating Solar Facilities in South East Asia

May 2022 Malaysia, Energy

Japanese EPC contractor Shizen Energy, through its local unit, Shizen Malaysia Sdn Bhd, is planning to build a 150 MW floating solar power plant in Durian Tunggam Dam, Melaka ...

Enza Zaden Opens Its First Regional R&D Facility in Malaysia for Agriculture Seed Research

May 2022 Malaysia, Agrifood

Enza Zaden, a leading vegetable-breeding firm from the Netherlands announced the completion of its first South East Asia Research and Development (R&D) infrastructure ...

Petronas and Aerodyne Team Up to Commercialize Drone-Based Solutions

May 2022 Malaysia, Defense/Aerospace

Malaysia’s national oil and gas firm, Petronas, has formed a strategic collaboration with a homegrown global leader in drone technology, Aerodyne Group, to examine the ...

DAdvance Agarwood to Partner with Huawei Technologies on Cloud-Based Digital Solutions

May 2022 Malaysia, Agrifood, ICT

Malaysia’s major agarwood producer, DAdvance Agarwood Solutions Sdn Bhd (DAAS) has inked a memorandum of understanding (MOU) with Huawei Technologies Malaysia to implement ...

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