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

USD 71.66 Billion to Improve Water Infrastructure in Malaysia

Feb 2022 Malaysia, Environment

The Malaysian government is determined to identify and implement comprehensive long-term solutions to mitigate the impact and losses due to flood, following one of the worst ...

Malaysia to Achieve USD 191.09 Million in Revenue from Medical Travel in 2025

Feb 2022 Malaysia, Healthcare

The Malaysian government is targeting a direct revenue of MYR 800 million (USD 191.09 million) and MYR 1.7 billion (USD 410 million) from the medical tourism sector in 2022 ...

Galaxy Racer to Invest USD 10 Million into Malaysia’s e-Sports Ecosystem

Feb 2022 Malaysia, ICT

Galaxy Racer, a Dubai-based e-sports, gaming and lifestyle organization, is expected to invest MYR 42 million (USD 10 million) within the next five years to develop the ...

Southeast Asia’s Largest Drone Test Site Opens in Medini, Iskandar Malaysia

Feb 2022 Malaysia, Infrastructure

Iskandar Development Berhad (IIB), the investment holding company of Iskandar Malaysia in South Johor, has opened the largest drone test site (DTS) in Southeast Asia. Located ...

FRABA Opens New Manufacturing Facility in Johor

Feb 2022 Malaysia, Manufacturing

The FRABA Group has opened a new manufacturing plant in Johor, which is expected to commence operation this coming spring. A major supplier of sensors for industrial motion ...

First LaLaPort Mall in Southeast Asia to Open in Kuala Lumpur

Feb 2022 Malaysia, Retail/FMCG

Mitsui Fudosan has opened a Japanese lifestyle shopping mall LaLaport in Kuala Lumpur, its second overseas outlet after Lalaport Shanghai Jinqiao in China. The mall is ...

Malaysia to Transform Mersing and East Coast Region as Major Agribusiness Hub

Feb 2022 Malaysia, Agrifood

Located in Johor, the southern state of Malaysia, the Mersing district is slated to be the state’s agribusiness hub with the development of two major projects, which are the ...

NAICO to Accelerate Growth of Malaysia’s Aerospace Ecosystem

Feb 2022 Malaysia, Defense/Aerospace

Malaysian Ministry of International Trade and Industry (MITI) aims to generate MYR 30 billion (USD 7.16 billion) in annual revenue and 30,000 highly-skilled employment by ...

Malaysia Leads Emerging Southeast Asia for Foreign Investment Attractiveness

Feb 2022 Malaysia, Economy

Malaysia ranked first among emerging Southeast Asia in terms of potential in attracting foreign investors, as demonstrated by Milken Institute’s Global Opportunity Index for ...

Malaysia Launches Renewable Energy Roadmap, Solar Expected to be Main Contributor

Feb 2022 Malaysia, Energy

The Ministry of Energy and Natural Resources (KETSA) has launched the Malaysia Renewable Energy Roadmap (MyRER) to meet the national goal of 31% renewable energy (RE) ...

Vietnam to Commercialize 5G in 2022, Starts Researching 6G

Feb 2022 Vietnam, ICT

Vietnam´s National Institute of Information and Communications Strategy has assessed that 5G services will contribute 7.34% to the country’s GDP growth by 2025. In this ...

136 Aquaculture Villages to be Established in Indonesia by End 2022

Feb 2022 Indonesia, Agrifood

The Indonesian government plans to establish a network of 136 villages dedicated to aquaculture by the end of this year, in a bid to spur the post-pandemic economic recovery ...

Indonesia to Develop USD 4 Billion Polysilicon Industry

Feb 2022 Indonesia, Energy

Indonesia has plans to establish a USD 4 billion polysilicon industry amid efforts to boost the production of solar panels. Polysilicon is a vital material for solar panels, ...

Indonesia Targets 33% Jump in Investment in 2022

Feb 2022 Indonesia, Economy

Indonesia recorded an FDI of IDR 454 trillion (USD 31.6 billion) in 2021, a 10% increase over the previous year. It aims to boost total investment by a third in 2022, ...

Indonesia to Get 50 New Warships by 2024

Feb 2022 Indonesia, Defense/Aerospace

Indonesia has revealed that a portion of its planned $125 billion investment in defense will go to procuring up to 50 new warships over the next two years. Defense Minister ...

Wine Retailer Boosts Retail Purchases Through High-Tech Sensory Upgrades

Feb 2022 Singapore, Retail/FMCG

The Covid-19 pandemic has provided the digitization catalyst for many businesses. Covid-19 precautions have led to fewer wine tasting opportunities, which has led wine giant ...

Singapore Airlines and NUS Set Up New Digital Aviation Corporate Lab

Feb 2022 Singapore, ICT

Singapore Airlines (SIA) and the National University of Singapore (NUS) have launched a new digital aviation corporate laboratory, which will co-create innovative ...

The World’s Largest Hydro-Floating Solar Hybrid Project in Thailand

Feb 2022 Thailand, Energy

The Electricity Generating Authority of Thailand (EGAT) has moved forward with its policy of using clean energy and reducing carbon dioxide emissions with smart technology by ...

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