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

Austria’s AT&S to Build First Factory in Malaysia and South East Asia

Jun 2021 Malaysia, Manufacturing

AT&S has announced a MYR 8.5 billion (USD 2.04 billion) of proposed investment to build its first South East Asian production site in Malaysia. AT&S is a ...

TNB Plans to Invest USD 2.16 Billion to Improve Grid Features

Jun 2021 Malaysia, Infrastructure

Malaysia’s leading electricity provider TNB is aiming to invest MYR 9 billion (USD 2.16 billion) annually between 2021 and 2024 to modernize and transform the national grid ...

Thailand to Construct New Deep Seaport in Rayong

Jun 2021 Thailand, Infrastructure

In June 2021, the Industrial Estate Authority of Thailand (IEAT) announced its intention to commence the construction of the third phase of Map Ta Phut deep seaport in ...

Philippines to Spend Nearly USD 100 Billion on Infrastructure Projects Until 2024

Jun 2021 Philippines, Infrastructure

The Philippines government is scheduled to spend a total of PHP 4.9 trillion (USD 99 billion) on infrastructure projects over the next four years as a continuation of ...

Industry Partners to Develop Liquefied Hydrogen Supply Infrastructure

Jun 2021 Singapore, Infrastructure

Five industry players have tied up to explore the development of a supply infrastructure to bring liquefied hydrogen (LH2) into Singapore to power Keppel's data centers. They ...

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

Jun 2021 Vietnam, Infrastructure

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

Jun 2021 Indonesia, Infrastructure

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

Jun 2021 Thailand, ICT

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

Jun 2021 Singapore, ICT

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

Jun 2021 Indonesia, ICT

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

Jun 2021 Malaysia, ICT

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

Jun 2021 Vietnam, ICT

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

Jun 2021 Philippines, ICT

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

Jun 2021 Vietnam, Environment

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

Jun 2021 Thailand, Environment

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

Jun 2021 Philippines, Environment

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

Jun 2021 Singapore, Environment

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

Jun 2021 Malaysia, Environment

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 ...

Explore Our Services