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

European Nutrition Company Enters Philippines Market

Nutricia, a popular brand from Europe for early life and Medical nutrition, recently announced its plan to enter the Philippines before the year ends. Nutricia is under the ...

Singapore-Based Blue Planet Acquires Malaysian Industrial Waste Processing Company

Singapore’s Blue Planet Environmental Solutions Pte Ltd has recently acquired Globecycle Holdings Sdn. Bhd., a waste management company specializing in handling industrial ...

Prudential Introduces AI-Powered Health Mobile App in Malaysia

Prudential Corporation Asia has introduced Pulse, an all-in-one digital app with Artificial Intelligence (AI)-powered health information. Officially unveiled on 12 August, ...

Mega Projects to Drive Malaysia’s Economy in Second Half of 2019

Economist Lee Ju Ye from Maybank Kim Eng Group, a wholly-owned subsidiary of Maybank stated that Malaysia’s economic growth for the second half of 2019 will be positively ...

Malaysia’s DreamEDGE to Work with Japan’s Daihatsu for Third National Car

Malaysia's Minister of International Trade and Industry (MITI), Darell Leiking, has announced that Malaysian digital engineering services firm, DreamEDGE Sdn Bhd has been ...

Malaysia Needs USD 7.9 Billion to Achieve Renewable Energy Target by 2025

Malaysian Minister of Energy, Technology, Science, Climate Change and Environment (MESTECC) Yeo Bee Yin stated that Malaysia will need MYR 33 billion (USD 7.9 billion) worth ...

MAHB Collaborates with Huawei Technologies for Airports 4.0 Initiative

Malaysia Airports Holding Berhad (MAHB), a public listed airport company that manages 39 airports nationwide has signed a Memorandum of Understanding (MOU) with Huawei ...

Chinese Hygiene Products Company Opens Regional Hub in Malaysia

On 4 September, Hong Kong-listed Vinda International Holdings Ltd announced that it will invest more than MYR 500 million (USD 119 million) on a new regional hub in Malaysia ...

Airbus to Invest USD 120 Million in Malaysian Aerospace Industry

Airbus SE announced on 30 August that it will invest MYR 505 million (USD 121 million) for three key initiatives to enhance the aviation and aerospace industry in Malaysia. ...

95% of Rural Population in Sabah to Have Quality Infrastructure by 2025

Malaysia's Rural Development Minister Rina Mohd Harun aims to ensure 95% of the rural population especially in Sabah will enjoy quality and efficient basic Infrastructure ...

WhatsApp Considering Mobile Payments Launch in Indonesia

WhatsApp, Facebook Inc’s messaging services is reportedly in advanced talks with several Indonesian digital payment providers in a move to enter the country’s quickly ...

SK Plasma to Introduce Blood Product Technology to Indonesia

SK Plasma, a producer of blood products which is part of the conglomerate SK Group, announced that in early September that it has signed an Memorandum of Understanding ...

MAN Energy Solutions Commissions Three Dual-Fuel Plants in Indonesia

MAN Energy solutions is working with the Indonesian government to supply over 1,000 islands with reliable power. Based in Germany, MAN Energy Solutions is the world’s leading ...

Lion Air and Garuda Indonesia Join Hands to Build Hangars in Batam

The two largest airlines in Indonesia, Lion Air and Garuda Indonesia, announced in August 2019 that they are strengthening their cooperation in the aviation industry with ...

Indonesian and Korean Agencies Launch Green Technology Partnership Initiative

The Indonesian Agency for Technology Assessment and Application (BPPT) and the Green Technology Center Korea (GTC-K) announced a partnership through the launch of the Green ...

Indonesia Looking to Raise Foreign Ownership Caps by End-2019

By the end of 2019, the Indonesian government will announce plans to increase foreign ownership of businesses in some sectors, according to the head of Indonesia’s investment ...

Indonesia Expected to Spend USD 33 Billion for Capital Relocation

Indonesia's President Joko Widodo has announced a USD 33 billion project to relocate the Indonesian capital from Jakarta to East Kalimantan, a province on the island of ...

China’s Lesso Invests USD 60m to Manufacture Pipe Fittings in Indonesia

Capitalizing on China’s Belt and Road Initiative, the Lesso group, a Chinese large scale industrial group specialized in building materials and interior decoration products ...

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