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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

Indonesia and UK Sign Low Carbon Energy MoU

On 20 February 2019, the United Kingdom and Indonesia signed a Memorandum of Understanding (MoU) on low carbon Energy development. Under the MoU, the UK will provide a USD ...

Indonesia and Australia Sign Economic Partnership Agreement

On 4 March 2019, Indonesia and Australia signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). Indonesia, which is expected to be the world’s ...

IFC Approves USD 275 Million Loan to Indonesia’s Trans Corp

International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of USD 275 million to PT Trans Corpora (Trans Corp), a wholly owned ...

Construction of New Jakarta Airport to Start in 2021

The state-owned airport operator, PT Angkasa Pura II, plans to build a new greenfield airport in Jakarta starting 2021. It is estimated that Indonesia would invest as much as ...

British Energy Firm BP Enters Indonesia’s Avtur Market

PT AKR Corporindo, Indonesia’s logistics and supply chain company operating in fuel and basic chemical distribution, has entered a joint venture with British Energy Firm BP ...

Vietnamese Airlines to be Permitted to Establish Direct Services to the US

In February 2019, the US Department of Transportation’s Federal Aviation Administration (FAA) granted a Category 1 safety rating to Vietnam, based on an assessment of the ...

Vietnam Proposing Tax Cuts on Locally Made Auto Parts

The Ministry of Finance in Vietnam has sent in a ministry document (655/BTC-CST) to the prime minister requesting a change in laws to remove the special consumption tax on ...

Vietnam Marks its First Robotically Assisted Brain Surgery

Nhan Dan 115 hospital in Ho Chi Minh City, Vietnam has successfully carried out the surgery on February 15 by Doctor Si and his colleagues, with the support of the vice ...

Two New Wind Power Projects Approved in Vietnam’s Quang Tri Province

Two companies have obtained approval from the provincial government to develop wind power projects in Quang Tri Province in Vietnam. Huong Phung Wind Power Company Limited ...

Plans for Undersea Tunnel to Ease Traffic Issues in Ha Long City

The People’s committee in Quang Ninh, a northern province in Vietnam, plans to construct an underseas tunnel to ease traffic congestion, increase connectivity and improve ...

Japanese Investment Firm Acquires Vietnamese Fashion Brand

Elise Fashion Limited, one of Vietnam’s top fashion brands for women and its affiliate brands were acquired by Advantage partners, a Japanese investment firm and its ...

Ho Chi Minh City Safeguards the Environment

According to a report in Vietnam News, the government of Ho Chi Minh City has taken multiple steps to improve Environmental conditions this year under their Environment plan ...

Ho Chi Minh City Makes Progress on Smart City Plans

The Ho Chi Minh city authorities are starting to celebrate initial successes after one year of implementation of the smart city project. The project aims to address problems ...

Companies Relocating from China Boosting Jobs in Vietnam, Report Says

Recruitment demand in Vietnam is set to increase as company relocations from China to Vietnam rise. This particularly concerns demand for senior positions in real estate and ...

Thailand Seeks Industry Collaboration for Aerospace Training

The Ministry of Transport in Thailand has sought cooperation from Airbus, Triumph Aviation Services Asia, Triumph Structures (Thailand), and Senior Aerospace (Thailand) to ...

Thailand Pushing for Industrial 4.0 Plan in its Role as ASEAN Chair

In its role as the ASEAN chair for 2019, Thailand is pushing for a cohesive regional industrial 4.0 development plan under the main theme of “advancing partnership for ...

PTT Unveils 2019 Budget of USD 14 Billion for Expansion

PTT Plc, the national oil and gas conglomerate with five subsidiary companies is allocating a 2019 budget for all business expansion worth a combined THB 450 billion. A large ...

Medical Supplies, Services, Drugs Placed Under Price Control in Thailand

In January 2019 the government of Thailand added medicine, Medical supplies and Medical services to its price control lists. The rationale behind this decision is ensuring ...

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