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

Vietnam’s Offshore Wind Power Industry Attracts Danish and Norwegian Firms

During recent talks with officials from Vietnam´s Ministry of Industry and Trade (MoIT), several Danish and Norwegian companies expressed their interest to promote offshore ...

Vietnam and US to Commit to Increase Trade and Investment

During the US trip of Vietnam’s Prime Minister, which took place in May 2022, representatives from the two countries reaffirmed their intention to further grow their ...

Japan Funds Project for the Development of Large-Scale Production of Natural Rubber in Vietnam

The Japan International Cooperation Agency (JICA) and the Japan Science and Technology (JST) in cooperation with the Hanoi University of Science and Technology (HUST) and the ...

Vietnam’s Growing Pharmaceutical Industry Attracting Foreign Players

Vietnam´s pharmaceutical industry is growing strongly, benefitting from stable input costs. According to SSI Research, during the first quarter of 2022 total pharmaceutical ...

Opportunities for Scientific and Technological Cooperation between Vietnam and South Korea

In May 2022, the Embassy of Vietnam in the Republic of Korea (RoK) organized an event with around 30 Vietnamese scientists and professionals in the RoK to discuss the ...

Vietnam Seeks to Modernize its Shipping Industry, Partners with USAID to Reduce Port Congestion

Vietnam’s shipping industry benefits from a long coastline stretching from the Gulf of Tonkin to the Gulf of Thailand. The country also has the second-highest number of ...

Apple’s Airpods Pro 2 to Be Manufactured in Vietnam

It has been recently revealed that Apple's newest wireless earphones, the AirPods Pro 2, will be mass manufactured in Vietnam in the second half of 2022, as part of the ...

SoKor to Fund an Agri Center, France to Assist Mango Export to EU Market

South Korea will be funding an agriculture mechanization center in Nueva Ecija, a city located in the north of Luzon. The grand project broke ground last May, with the ...

Japanese Motor Company Invests 7.39 Billion More Into its PH Operations

Nidec, a leading producer of motors found in hard disk drives, automobiles, and consumer and industrial equipment, would break ground for a new facility sometime in the third ...

First Philippine Holdings Allots Capex for Clean and Renewable Energy Projects

First Philippine Holdings Corp. earmarked PHP 51 billion (USD 953.2 million) of its capital expenditures mainly to fund the expansion of its power generation and property ...

Malaysia to Lead World’s First Algae Biotech Consortium for Sustainable Future

Malaysia is slated to establish the world's first algal biotechnology consortium (ABC), which will serve as a critical component of a sustainable planet and a vital ...

Angkasa-X to Create Space Technology Ecosystem and Launch Satellites in 2023

An MYR 30 million (USD 6.8 million) earth station and space technology center is being built at the Universiti Sains Malaysia (USM) Engineering Campus in Penang state by ...

Malaysia to Lessen Palm Oil Export Tax to 4- 6% to Boost Market Share

Malaysia’s Plantation Industries and Commodities Ministry announced a measure to reduce the palm oil export tax from 8% to between 4-6% to alleviate the global shortage of ...

Reservoir Link, AAH to Form JV Company For Energy Storage Solutions

Malaysia’s energy-related services provider, Reservoir Link Energy Bhd and investment company, ADS Asset Holdings Sdn Bhd (AAH) are forming a joint venture and shareholder ...

Malaysia Promotes Circular Bio-economy As An Investment Target

Malaysian Investment Development Authority (MIDA), the government's principal investment promotion agency, emphasized that Malaysia should tap into the circular bio-economy ...

Indonesia’s Economy Retained its Solid Growth Trend in Q1 of the Year

Official figures show that a historic spike in commodities prices and the easing of Covid-19 limits helped Indonesia's economy grow for the fourth consecutive quarter between ...

Vietnam’s Meat Industry to Attract French Companies

According to the French consul general in Ho Chi Minh City, several French meat producers have been seeking to expand business in Vietnam since the EU-Vietnam Free Trade ...

KPower’s Granulab Launches Halal-Certified Synthetic Bone Cement Prosteomax

KPower Bhd, Malaysia’s utility and renewable energy company, has launched the country’s first halal-certified synthetic bone cement, Prosteomax, through its subsidiary ...

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