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
Australia’s TNG and Malaysia’s AGV Energy to Produce Vanadium Redox Flow Batteries Using Green Hydrogen Technology
TNG Ltd, an Australian resource and mineral processing technology company, has announced a new green energy partnership with Malaysian technology and green energy company, ...
Super Energy Corporation to Build Thailand’s First Hybrid Power Plant
Thai company Super Energy Corporation has announced plans to develop the country's first power plant based on hybrid renewable resources. According to Super Energy ...
Solar Energy Developments in the Philippines
Many companies are currently ramping up the development and construction of several large-scale solar projects nationwide ever since the Philippine government has unveiled ...
Singapore Eyes Low-Carbon Hydrogen and CCUS to Meet Climate Action Commitments
The Singapore government plans to incorporate low-carbon hydrogen and carbon capture, utilization and storage (CCUS) technologies as part of its efforts to meet commitments ...
Risen Energy’s USD 10 Billion Solar Module Manufacturing Investment
The government of Malaysia has granted China-based global solar PV leader, Risen Energy Co Ltd the approval for manufacturer's license with a total investment of MYR 42.2 ...
Ormat Technologies Secures New Geothermal Supply Contract in Indonesia
US-headquartered alternative and renewable geothermal energy company Ormat Technologies has secured a new contract in Indonesia with Star Energy Geothermal Salak to supply ...
EDP Renewables to Enter Vietnam’s Growing Solar Power Market
EDP Renewables (EDPR), a global leader in renewable energy headquartered in Spain, has announced its entry into Vietnam via a 28 megawatts of AC power (MWac) solar ...
ADB to Focus Its 5-years Partnership with Thailand on Private Sector-Led Growth and Knowledge Solutions
The Asian Development Bank (ADB) has endorsed a new 5-year country partnership with Thailand to achieve its goal of becoming a high-income nation through sustainable economic ...
Vietnam’s Economy Outperforms Expectations
DBS Bank´s experts predict that Vietnam's economy will grow at a rate of 6-6.5% during the next decade, surpassing Singapore by 2030 in terms of total GDP. Vietnam's GDP was ...
Sarawak Government, Alibaba Cloud Join Hands to Drive Digitalization Among SMEs
Sarawak Digital Economy Corporation Berhad (SDEC), a Sarawak state government-owned corporation has established a partnership with Alibaba Cloud, the digital technology and ...
Philippines to Strengthen Trade and Investment Ties with Switzerland
The Philippines has reaffirmed its commitment to expand two-way trade and investment ties with Switzerland and deepen cooperation in cleantech and renewable energy, ...
Pacific Alliance-Singapore Free Trade Agreement (PASFTA) is Formed
The Pacific Alliance (PA) and Singapore successfully concluded negotiations of the Pacific Alliance-Singapore Free Trade Agreement (PASFTA), which is expected to enhance ...
Indonesia Improves in World Competitiveness Ranking
Indonesia has jumped three places in a global competitiveness ranking in 2021 thanks to its economic resilience amid the Covid-19 pandemic, the improvement in government ...
Vietnam Airlines Awards MRO Contract to StandardAero
Vietnam's national carrier Vietnam Airlines has awarded to StandardAero a new multiple-year Aviation Maintenance, Repair and Overhaul (MRO) contract for the Pratt & ...
Turkish Technic Partners with Sapura Technics To Expand MRO Services in Malaysia
Turkish Technic, an aircraft maintenance, repair and overhaul (MRO) firm for Turkish Airlines, signed a Heads of Agreement (HOA) with Sapura Technics as part of its plan to ...
Singapore Air Force Increases Operational Efficiency With New Technologies
The Republic of Singapore Air Force (RSAF) will incorporate advanced fourth industrial revolution technologies to enable more effective and faster operations. Advancements ...
Philippines Restores Criticial Security Pact with the US
On July 30, 2021, Philippine President Rodrigo Duterte restored the Visiting Forces Agreement (VFA) with the United States, a 1998 critical security pact that lays out the ...
New Defense Holding Company to be Formed Amidst Drive in Military Modernization in Indonesia
The Indonesian government aspires to establish a new holding firm, which will combine the capabilities of the country's state-owed defense industrial base, by the fourth ...
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