Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

Indonesia to Develop Nickel Supply Chain for Batteries and Electric Vehicles

Indonesia is moving toward building an industry to supply nickel for batteries and electric vehicles (EV). Crucially, the country has already banned the export of nickel ore, ...

Vietnam to Start Construction for Long Thanh International Airport

The Airports Corporation of Vietnam (ACV) commenced construction work for the new Long Thanh International Airport in December 2020. This is an airport development project ...

Smart Cities Considered in Eastern Economic Corridor

As of October 2020, Thailand has welcomed 277 investment projects in its Eastern Economic Corridor (EEC), a development project that aims to transform the country’s eastern ...

Renewed Partnership between Maritime and Port Authority of Singapore and American Bureau of Shipping

The Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) with the American Bureau of Shipping (ABS) to renew their maritime partnership in

Bataan-Cavite Mega Bridge Design Contract Won by T.Y. Lin International and Pyunghwa Engineering

The Department of Public Works and Highways (DPWH) has awarded the engineering design contract for the Bataan-Cavite Interlink Bridge Project to a joint venture between T.Y. ...

Miri Hospital in Sarawak’s Northern Region Gets Infrastructure Support

The Gabungan Parti Sarawak (GPS) state government in north Sarawak is committed to improving its physical and digital infrastructure to transform Miri Hospital into the ...

Indonesia to Expand Lombok International Airport

As part of the Indonesian government’s effort to enhance tourism, the country looks to expand the airport of Lombok: Zainuddin Abdul Madjid International. The project is ...

Vietnam’s Major Bank OCB Joins RippleNet to Enhance Cross-Border Payments

Orient Commercial Joint Stock Bank (OCB), a major Vietnamese bank with assets worth USD 4.6 billion, has recently joined RippleNet, a network of institutional ...

Line Integrates Banking Services into Messaging App in Thailand

Line, a messaging app first launched in Japan by Line Corporation, has introduced integrated banking services in Thailand, allowing its 47 million Thai users to transfer ...

Stronger Ties between Singapore and Germany to Boost Digital Transformation

A series of initiatives have been signed between Singapore and Germany to create more opportunities for both countries to work together and accelerate their digital ...

Converge ICT Solutions Completes Philippines’ 2nd Largest IPO

Converge ICT Solutions, an emerging fiber internet service provider, which is minority owned by US private equity firm Warburg Pincus, has just completed the Philippines’ ...

Malaysia to Foster Public-Private Sector Cooperation towards Digitalization

In a recent interview, Malaysia's Prime Minister Tan Sri Muhyiddin Yassin has emphasized the importance of public-private cooperation towards digitalization. The Malaysian ...

Logiq Partners with KMSB to Provide Mobile Fintech Services

Logiq, a US-based leading global provider of eCommerce and fintech solutions, has entered into an exclusive strategic alliance with Koperasi Mona Santoso Berjaya (KMSB), ...

Major Solar Power Projects Kickstarting in Phu Yen and Ninh Thuan Provinces

The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) recently signed a USD 186 million loan to develop and operate a 257 MW solar power plant in ...

UK and Thailand Collaborate to Create Smart Cities

The UK and Thailand have partnered together to launch the “Smart City Handbook”, an initiative between both countries to create smarter cities through urban planning and the ...

Australia Solar Farm Expected to Supply 20% of Singapore’s Energy Needs

Australia is planning to construct a massive solar farm in its deserted Outback, between two cities in its Northern Territory, Alice Springs and Darwin. The farm, which will ...

SMC Purchases Plastic Waste to Power Cement Facilities

San Miguel Corporation (SMC) is increasing its efforts to help manage the country's solid waste and create more livelihood opportunities amidst the pandemic by buying up ...

Malaysia to Reduce Use of HFC Fridge and Air-Con Gas by 80% by 2045

Malaysia joined other 110 countries to ratify the UN agreement to eliminate the use of hydrofluorocarbon (HFC) refrigerant, liquid or gas used for refrigeration and air ...

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