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 Automotive Industry Adopts Artificial Intelligence

Oct 2022 Vietnam, ICT

The Vietnamese automotive industry is rapidly adopting artificial intelligence (AI) applications. In a prominent example, Vin AI Artificial Intelligence Application and ...

Modern Drugstores Attract Investment in Vietnam

Oct 2022 Vietnam, Healthcare

The Vietnamese retail drug market is registering an increase in the number of modern drugstores, which are capturing the attention of foreign investors. The majority of ...

Indonesian E-Commerce Company Partners with Standard Chartered to Launch Digital Banking Service

Oct 2022 Indonesia, ICT

A digital banking service was launched by an Indonesian e-commerce company called Bukalapak after tying up with Standard Chartered in Indonesia. Its target audience is the ...

Singapore’s First Ever Rent-to-Own Solar Program

Oct 2022 Singapore, Energy

Solar AI Technologies, a Singapore based tech-startup funded by global energy giant Engie Group, has recently announced that it will be launching Singapore’s first-ever ...

Singapore Highest in Global Digital Competitiveness in Asia

Oct 2022 Singapore, Economy

Singapore has moved up one spot to place fourth in the latest edition of the IMD World Digital Competitiveness Ranking, after Denmark, the United States, and Sweden. The ...

Cybersecurity Becoming Singapore’s C-suite’s Top Business Concern

Oct 2022 Singapore, Defense/Aerospace

According to Rackspace Technology’s poll on 150 Singapore IT leaders, 72% of Singapore IT leaders cite cybersecurity as one of their C-suite’s top-three business concerns, ...

Irish Food Wholesaler Partners with e-Commerce Platform in Singapore

Oct 2022 Singapore, Agrifood, Retail/FMCG

Irish food wholesaler Musgrave Group, currently Ireland's largest grocery distributor, with operations in Ireland and Spain, has sealed a deal to supply hundreds of products ...

PT Vale to Open New Plants in Indonesia

Oct 2022 Indonesia, Manufacturing

PT Vale Indonesia (PT Vale) and Zhejiang Huayou Cobalt Company (Huayou) are planning to collaborate to develop a smelter with High-Pressure Acid Leaching (HPAL) technology in ...

Shanghai Moonton and Blackhawk Network Partner and Launch Gift Cards in Indonesia

Oct 2022 Indonesia, Retail/FMCG

The gaming company Shanghai Moonton Technology Co. Ltd. Partnered with global branded payments provider Blackhawk Network to launch the gaming company’s first physical gift ...

PetroVietnam to Lead Vietnam’s Renewable Energy Sector

Oct 2022 Vietnam, Energy

The Vietnam Oil and Gas Group (Petrovietnam) recently announced that it has full capacity and advantages in future offshore wind power development and renewable energy ...

Vietnam’s Potential in Co-processing of Waste in Cement Sector

Oct 2022 Vietnam, Environment

The Vietnamese cement industry has enormous potential for co-processing waste, especially non-recyclable plastic, as an alternative fuel. According to Associate Professor ...

Vietnam is An Attractive Destination for Danish Companies

Oct 2022 Vietnam, Economy

Danish companies are expanding their footprint in Vietnam as the nation quickly moves up the value-added ladder and establishes itself as a major center for the production of ...

Vietnam Airlines and China Southern Airlines to Improve Customers’ Flight Experience

Oct 2022 Vietnam, Defense/Aerospace

Vietnam Airlines, the national flag carrier, and China Southern Airlines have inked a contract on thorough collaboration in all areas, including business, services, and ...

Ireland and Vietnam to Strengthen Agrifood Cooperation

Oct 2022 Vietnam, Agrifood

Irish and Vietnamese agri-food authorities will embark on a new phase of co-operation in agri-food from 2023, announced Minister Martin Heydon, Minister of State, in ...

Indonesia and Japan’s Palm Kernel Shells Agreement Worth USD 138.2 Million

Oct 2022 Indonesia, Energy

Indonesia and Japan entered into a USD 138.2 million worth of palm kernel shells trade contract for Indonesia’s renewable energy requirements. The agreement was signed on ...

New Factory Plans for Mazaraat Artisanal Cheese in Indonesia

Oct 2022 Indonesia, Agrifood

Mazaraat Artisanal Cheese, the Indonesian handmade cheese brand, is building a second factory, which will quadruple its daily output. The founder, Jamie Najmi, stated that ...

USGC Signs Ethanol MoU During the USDA Agricultural Trade Mission in the Philippines

Sep 2022 Philippines, Environment

The U.S. Grains Council (USGC) staff and ethanol industry representatives recently explored the thriving market of the Philippines during a USDA agricultural trade mission ...

Philippines and the United States Collaborating on Clean Energy Initiatives

Sep 2022 Philippines, Energy

In a joint press conference with US Secretary of State Antony Blinken and Philippines´ Foreign Affairs Secretary Enrique Manalo, the two parties agreed to further enhance ...

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