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

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 ...

New Regulations for Renewable Energy in Indonesia

The Indonesian government is preparing a new regulation on renewable energy pricing to encourage more investment in renewables. According to official statistics, Indonesia ...

US Energy Companies Sign LNG-to-Power Projects in Vietnam

Virginia-based AES Corp and PetroVietnam Gas have signed a joint venture agreement to develop a USD 2.8 billion liquefied natural gas (LNG) import terminal and a power plant. ...

Energy Efficiency Services to Invest in E-Mobility Company SWAG EV

Energy Efficiency Services Limited (EESL), one of the largest energy service companies, has announced that it will invest in Supreme Wagon Automotive Group Electric Vehicle ...

Singapore Boosts Ties with Malaysia and Hong Kong Energy Sectors

The Energy Market Authority (EMA), Singapore’s energy agency, has signed memorandums of understanding (MOUs) with its Malaysia and Hong Kong counterparts, Suruhanjaya Tenaga ...

Solar Philippines Forges Partnerships to Accelerate Solar Projects

The country’s largest solar energy provider Solar Philippines announced that it is planning to build more partnerships and accelerate the development of solar projects in the ...

Opensys (M) Collaborates with Solarvest, Seeks Potential Partners for its BuySolar Platform

OpenSys, a Malaysia-based leading solutions provider for financial services, telecommunications, and utilities has signed a collaborative agreement with EPCC specialist for ...

Indonesia Identifies 12 Geothermal Potential Areas in Sulawesi

The Indonesian Ministry of Energy and Mineral Resources (ESDM) has identified 12 geothermal potential areas in West Sulawesi. Currently, there are no geothermal working areas ...

Vietnam and the US Sign Major Deals in Food, Energy, and Fuel Sectors

The Vietnam Trade Alliance, a group of buyers and producers from the country, recently signed a pact to buy up to USD 500 million worth of American pork over three years from ...

Thailand Relaxes Requirements for Tourists

In October 2020, Thailand opened its borders to tourists who applied for special tourist visas (STVs), which required applicants from low-risk countries to fulfil certain ...

Singapore Adds USD 74 Billion Financial Stimulus to 2021 Budget

With Singapore’s trade-reliant economy expected to continue facing uncertainty in 2021, the Singapore government is looking to add an additional SGD 100 billion ...

Gradual Reopening Alongside Strict Health Protocols Underpins Economic Improvement

The Philippines’ premier economic advisory agency, the National Economic and Development Authority (NEDA), noted that the improvement in the country’s trade performance in ...

Malaysia Ranks as Fourth Most Competitive Manufacturing Hub

According to a joint study by KPMG and US-based The Manufacturing Institute, called “Cost of Manufacturing Operations Around the Globe”, Malaysia was ranked fourth out of 17 ...

Indonesia Launches Data Platform to Boost Investment and Economic Relations with Japan

Bank Indonesia, in collaboration with the Ministry of Trade, the Indonesia Investment Coordinating Board, and the Indonesian Embassy in Japan, recently launched an integrated ...

Japan to Expand Security Ties with Vietnam amid Tensions with China

During his inaugural summit abroad, Japanese Prime Minister Yoshihide Suga held talks with Vietnamese Prime Minister Nguyen Xuan Phuc, where the two leaders affirmed their ...

Starlux Airlines Expands Flight Routes to Bangkok

Starlux Airlines, a Taiwanese Luxury Airline, has announced plans to commence flights from Taiwan to Osaka and Tokyo in Japan, as well as to Bangkok in Thailand, adding to ...

Airbus Ventures Adds Singapore Start-Up ZES to its Portfolio

Venture capital company, Airbus Ventures, has added Singapore start-up company, Zero Error Systems (ZES), to its investment portfolio. ZES specializes in developing ‘smart ...

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