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

Petronas Becomes World’s First to Produce LNG from Two Floating Facilities

Malaysia’s state-owned oil and gas company Petronas has become the first global energy company to produce liquefied natural gas (LNG) from two floating facilities. This ...

AC Energy Injects USD 93.7 Million in Unit Behind Zambales Solar Project

AC Energy has invested PHP 4.5 billion (USD 93.7 million) in its subsidiary Santa Cruz Solar Energy, Inc, according to the filing at the Philippines Stock Exchange (PSE). The ...

Vietnam’s Exports to the US Increasing Sharply Despite the Pandemic

According to the Wall Street Journal, the US is accounting for a growing share of Vietnam's exports, estimated at 29% of the Asian country's total exports as of January 2021. ...

UAE, Singapore Explore Cooperation at the 13th Abu Dhabi-Singapore Joint Forum

The United Arab Emirates (UAE) and Singapore have reaffirmed their strong bilateral economic ties and will be looking into further collaboration in areas including ...

Thailand Launches Regional Comprehensive Economic Partnership (RCEP) Center

Following the ratification of the Regional Comprehensive Economic Partnership (RCEP), Thailand set up its RCEP Center to facilitate trade and economic expansion. As the ...

Philippines’ DICT, ARTA To Upgrade Digital Infra To Improve Ease of Doing Business

The Philippines' Department of Information and Communications Technology (DICT) and the Anti-Red Tape Authority (ARTA) are aiming to upgrade its digital infrastructure by ...

Malaysia’s MITI Plans to Ratify RCEP by End 2021 to Boost FDI, External Trade

Malaysia International Trade and Industry Ministry (MITI) Deputy Secretary-General (Industry) Datuk Seri Norazman Ayob stated that the country is planning to ratify the ...

Indonesia Ratifies Agreement with European Free Trade Association, Agrees to Enhanced Trade with UK

Indonesia is moving forward with its first trade agreement with European countries, namely Iceland, Norway, Liechtenstein, and Switzerland, as the Indonesian Parliament has ...

Singapore-based Kelley Aerospace to Launch World’s 1st Supersonic Unmanned Combat Air Vehicle

Singapore-based aerospace company Kelley Aerospace has officially launched its supersonic unmanned combat air vehicle (UCAV) concept and has reportedly secured over 100 ...

Malaysia Aviation Group Presents Sustainability Blueprint, Aims Zero Carbon Emissions by 2050

Malaysia Aviation Group (MAG), the country’s leading aviation organization, presented its new Sustainability Blueprint to achieve net-zero carbon emissions by 2050. Under ...

Germany’s Microdrones Appoints Indonesian Distributor of Drone Surveying Equipment

German aerial mapping technology company Microdrones has recently appointed Multi Konsultindo Jaya, a Yogyakarta-based consulting, surveying, and mapping service provider, as ...

Cebu Pacific Embarks on Upgrading Fleet by 2027

Cebu Pacific, the Philippines' largest budget carrier, will push forward its plans to upgrade its entire fleet of Airbus to newer, more modern aircraft despite the negative ...

Bangkok-based Space Technology Company mu Space Receives BOI Highest-Rank Investment Incentives

Thailand's space technology company mu Space has secured the highest incentives available from the Thailand Board of Investment (BOI). Founded in 2017, the company develops ...

Bamboo Airways to Launch IPO in the US, Expands to Europe, Asia Pacific and North America

Vietnamese airline Bamboo Airways has announced plans to raise up to USD 200 million in an initial public offering (IPO) in the United States, potentially securing a market ...

Singapore’s Sky Urban Solutions Launches Micro-Farming Solutions

Singapore's first commercialized vertical farm company Sky Urban Solutions has launched a new micro-farming system that combines aquaculture, vertical vegetable farming, and ...

Opportunities for High Tech Shrimp Farming in Vietnam

High tech shrimp farming is gaining traction in Vietnam. For instance, the province of Bac Lieu, in the Mekong Delta, recently revealed plans to expand super - intensive ...

Malaysia Launches QR Code to Trace Origins of Imported Beef

The Department of Islamic Development Malaysia (JAKIM), which is the agency responsible for overseas halal certification in Malaysia, has released a draft of the Malaysia ...

Dutch Manufacturer to have USD 265 Million Milk Factory Operating in 2023

Milk manufacturer PT Frisian Flag Indonesia (FFI) has begun developing a new production facility worth IDR 3.8 trillion (USD 264.6 million) at the Cikarang industrial ...

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