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

Construction of Kediri Airport Launched to Spur Economic growth in East Java

May 2020 Indonesia, Defense/Aerospace

The Indonesian government announced in mid April 2020 that the construction of Kediri Airport in Kediri regency, East Java, had begun. The project is expected to be completed ...

Circular Economy Focused Fund Invests in Plastic Recyclers in Indonesia and India

May 2020 Indonesia, Environment

Circulate Capital, a Singapore-based investment management company focused on combating plastic in the oceans and advancing the circular economy, has announced its ...

Canadian Provider of AI Solutions for Retailers Enters Indonesian Market

May 2020 Indonesia, ICT

Loop Insights Inc, a provider of artificial intelligence solutions to brick and mortar retailers, announced on April 14 that it had signed a Memorandum of Understanding ...

Bank Indonesia Relaxing Credit Card Regulations to Boost Consumption

May 2020 Indonesia, Economy

Bank Indonesia (BI), the central bank of Indonesia, has announced that it will ease regulations on credit cards, through lowering maximum interest rates and late payment ...

Vietnam Rubber Industry Group to Build Three New Plants

Apr 2020 Vietnam, Manufacturing

The Vietnam Rubber Industry Group (VRG), in which the government of Vietnam holds a controlling stake, has announced an investment into three new processing factories in the ...

US Aerospace Component Manufacturer Opens Factory in Da Nang

Apr 2020 Vietnam, Defense/Aerospace

Sunshine Aerospace Components Factory in Da Nang, a new manufacturing facility for US firm Universal Alloy Corporation (UAC), started operations on 31 March 2020. UAC is one ...

Vietnam Government Approves New Feed-In-Tariff Scheme for Solar Power

Apr 2020 Vietnam, Energy

The government of Vietnam has approved feed-in-tariff mechanism for solar energy. The previous mechanism expired on 30 June, 2019. The new scheme will be applied for 20 years ...

South Korea and Vietnam Seek to Strengthen Supply Chain Cooperation

Apr 2020 Vietnam, Economy

South Korea and Vietnam are looking to enhance supply chain cooperation, potentially making Vietnam a key link in the supply chains of South Korean businesses, especially in ...

New Airport to be Built on Upcoming Tourist Destination Go Gang Island

Apr 2020 Vietnam, Infrastructure

Ba Ria - Vung Tau plans to build a new airport on Go Gang Island, relocating the current one in downtown Vung Tau, to boost local tourism. The island is located about 90 km ...

Military Medical Academy Builds Robot for Deployment in COVID-19 Quarantine Areas

Apr 2020 Vietnam, Healthcare

The Vietnamese Ministry of Science and Technology’s Military Medical Academy has developed a robot called Vibot Version 1a (Vibot-1a) that can reduce the risk of exposure for ...

COVID -19 Having Positive Impact on Some Segments of Vietnam’s FMCG Industry

Apr 2020 Vietnam, Retail/FMCG

The second outbreak of COVID-19 in March caused the government to impose stricter measures to control the movement of the virus, severely affecting all of Vietnam’s major ...

Can Tho City Makes Progress in Implementation of Smart City Plans

Apr 2020 Vietnam, ICT

Can Tho, the most populous city in the Mekong Delta, has made progress in its plans to become the first smart city in the southwestern region by 2025. Two years ago, the ...

Ca Mau Province Working on Water Supply Projects to Address Drought Effects

Apr 2020 Vietnam, Environment

Lack of rainfall and flooding this year has caused one of the worst drought and water scarcity conditions in Vietnam in 30 years. The government has urged southern provinces ...

TMB Bank and KBank’s e-KYC Platforms Graduate from Regulatory Sandbox

Apr 2020 Thailand, ICT

Platforms for opening bank accounts using electronic Know Your Customer (e-KYC) from TMB Bank and Kasikornbank (KBank) recently graduated from the Thai central bank's ...

Thailand’s Don Mueang International Airport to be Upgraded

Apr 2020 Thailand, Infrastructure

A plan is underway to expand Bangkok's Don Mueang International Airport, with Thailand's airport authorities having approved a master plan for the third-phase development, ...

Thailand-based Super Energy Acquires Controlling Stakes in Vietnam’s Solar Projects

Apr 2020 Thailand, Energy

Headquartered in Bangkok, Super Energy Corporation recently announced investment plans for four solar plants in the Binh Phuoc Province of Vietnam, with a total installed ...

Thai Startup Siam Seaplane to Launch in 2020

Apr 2020 Thailand, Defense/Aerospace

Thai startup Siam Seaplane is planning to commence commercial operations at the end of the second quarter of 2020. The destinations being planned are all within a maximum of ...

Thai Oil Kicks Off Clean Fuel Project

Apr 2020 Thailand, Environment

Thai Oil Plc, Thailand's biggest oil refiner by capacity, has officially launched its Clean Fuel Project (CFP), which aims at increasing its oil refining capacity from ...

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