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

Ho Chi Minh City to Invest USD 350 million in Anti-Flooding and Environmental Sanitation Projects

In May 2021, it was announced that Ho Chi Minh City (HCMC) will invest close to USD 350 million for the construction of 11 anti-flooding and environmental sanitation projects ...

Canadian, Dutch and UAE Players to Establish Indonesia’s First Infrastructure Investment Platform

In May 2021 it was announced that Indonesia Investment Authority (INA), Caisse de dépôt et placement du Québec (CDPQ), APG Asset Management (APG), and a wholly-owned ...

Thailand Spearheads 5G Developments in the Region

Thailand just announced that its Eastern Economic Corridor (EEC) will become the first special economic region in South East Asia to offer 5G telecommunications services. The ...

New Testbed Facility in Singapore for Data Centers Located in Tropical Locations

Social media giant Facebook and the Singapore government are joining forces to fund a USD 17 million project to address the need to boost the number of sustainable data ...

Indonesia’s Largest Telecom Company Launches Commercial 5G Mobile Services

Indonesia’s state-owned and largest telecom company, Telkomsel, launched its commercial 5G mobile services in May 2021. At the beginning, 5G services will be rolled out to ...

I-Bhd Plans to Expand its Data Center Park in Selangor

Malaysia’s leading property developer I-Bhd is planning to expand its data center park, i-City Golden Triangle (i-City), in Shah Alam, Selangor state. i-City is one of ...

Australia Increases its Funding Support to Vietnam’s Innovation and Artificial Intelligence Ecosystem

Australia's Department of Foreign Affairs and Trade has agreed to increase funding for the Aus4Innovation (A4I) in Vietnam by USD 2.7 million, raising the total to USD 10.4 ...

Alibaba Cloud to Build First Data Center in the Philippines

Alibaba Cloud, the cloud computing subsidiary of Alibaba Group, announced in early June 2021 that it is planning to build its first data center in the Philippines by the end ...

Vietnam Captures Wave of Multilateral Green Funding

Vietnam is securing a fresh wave of green funding from multilateral actors. In May 2021, the Asian Development Bank signed a USD 116 million loan for three wind farms to be ...

Thailand’s Clean Energy Goals Attract Solar Rooftop Players

Thailand's latest Power Development Plan states that the country aims to draw 35% of its energy from non-fossil fuels by 2037. One of the most promising clean segments is ...

Maynilad Spends USD 8.4 Million for PRV Technology

West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has spent PHP 410 million (USD 8.4 million) for the installation of pressure-regulating valves (PRV) in ...

JTC, Shell Explore Solar Farm Development at Semakau Island

JTC Corporation and Shell Singapore have signed a non-binding Memorandum of Understanding supported by the National Environment Agency and Energy Market Authority (EMA) to ...

ESG-Themed Funds Gaining Popularity in Malaysia

The development of environment, social, and governance (ESG) investments in Malaysia is still considered to be at an early stage. However, ESG-themed funds are starting to ...

Danone-AQUA and Veolia Indonesia Inaugurate the most Modern and Largest Plastic Recycling Facility in Indonesia

PT Veolia Services Indonesia (Veolia Indonesia) in partnership with PT Tirta Investama (Danone-AQUA) have inaugurated the largest and the most modern recycling and ...

Wärtsilä Finalizes Commissioning of First Two Energy Storage Projects in the Philippines

The technology group Wärtsilä has signed multiple energy storage contracts with SMC Global Power Holdings Inc. through its subsidiary, Universal Power Solutions Inc, in the ...

Vietnam and Denmark Join Forces for the Construction of an Offshore Wind Farm

In May 2021, the La Gan Wind Power Development Corporation agreed to collaborate with Vietnam’s Northern Center for Planning and Investigation of Marine Resources and ...

Petronas Appoints Ria Solutions To Enhance Fire Water System on its Floating LNG Facility

Malaysia’s Fortune 500 oil and gas firm Petronas has selected Ria Solutions (M) Sdn Bhd, a distributor for Norwegian-based Vipo to supply 1,400 m of its Elastopipe™ flexible ...

Pavilion Energy and bp Singapore Sign a 10-year LNG Supply Agreement for Singapore

Singapore's Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from bp's Singapore unit starting in 2024, as the city-state seeks to diversify its ...

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