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

ADB Announces USD 2 Million Grant for Climate-Smart Agriculture and USD 50 Million to Renewable Energy Company

Feb 2021 Thailand, Environment

The Asian Development Bank (ADB) and the Government of Thailand recently announced a USD 2 million technical assistance grant to help promote the adoption of climate-smart ...

Singapore-based Energy Drilling to Manage Three Tender Rigs for Seadrill

Feb 2021 Singapore, Energy

Singapore-based Energy Drilling Management has entered into an agreement with offshore rig operator Seadrill Partners to maintain, market and operate three of its tender ...

Petronas Seeking Partners to Develop Blue and Green Hydrogen

Feb 2021 Malaysia, Energy

Malaysia’s state-owned oil cooperation Petronas is seeking partners and customers to develop blue and green hydrogen by leveraging on its existing relationships selling LNG ...

LNG Cargo Shipped from Thailand to Japan for the First Time

Feb 2021 Thailand, Energy

Thailand's state-owned company PTT recently shipped an LNG (liquefied natural gas) reload cargo to Japan for the first time. The LNG cargo was shipped from Map Ta Phut ...

Indonesia to Construct a Solar Park in its Eastern Region

Feb 2021 Indonesia, Energy

The Indonesian Ministry of Energy and Mineral Resources (ESDM) is planning to construct a solar park in the eastern part of the country. The location, however, is not yet ...

Hapaco Plans to Build USD 174 Million Wind Power Plant in Gia Lai

Feb 2021 Vietnam, Energy

The Hapaco Group JSC, a Vietnamese paper manufacturer, recently announced plans to invest VND 4 trillion (USD 174.1 million) in a wind power project in Gia Lai, located in ...

EDC Appoints Mitsubishi for Geothermal Power Equipment

Feb 2021 Philippines, Energy

Philippine-based geothermal company Energy Development Corp. (EDC) announced that it has tapped two companies of Japanese firm Mitsubishi Heavy Industries Group to provide ...

Thailand Parliament Ratifies Regional Comprehensive Economic Partnership (RCEP)

Feb 2021 Thailand, Economy

The Thai Parliament recently ratified the Regional Comprehensive Economic Partnership (RCEP), the world's largest trade bloc. The RCEP includes the 10 members of ASEAN, plus ...

New Alliance Formed to Support Manufacturers’ Expansion into South East Asia

Feb 2021 Singapore, Economy

A regional manufacturing alliance called the Southeast Asia Manufacturing Alliance (SMA) has been launched to help businesses grow their footprint in South East Asia and ...

Quang Ninh Registering a Wave of Investment from Singapore

Feb 2021 Vietnam, Economy

The Vietnamese province of Quang Ninh, a coastal province in northeastern Vietnam, attracted a record number of Singaporean companies to build factories and invest in its ...

PHL Regulation Favorable for Digital Payments Growth

Feb 2021 Philippines, Economy

According to a report by JP Morgan, the regulatory environment in the Philippines will help increase the country’s growth in digital banking and payments. JP Morgan projects ...

Indonesia to Launch its Largest Islamic Bank

Feb 2021 Indonesia, Economy

Indonesia is launching its largest Islamic bank, Bank Syariah Indonesia (BSI), which is a merger between three state-owned Islamic banks: Bank BRI Syariah, Bank Syariah ...

Malaysia’s East Coast Region Draws MYR 5.5 Billion in Pledged Investments

Feb 2021 Malaysia, Economy

In 2020, the East Coast Economic Region Development Council (ECERDC) managed to draw dedicated investments worth MYR 5.5 billion (USD 1.36 billion) and realized investments ...

New Airport Developments in Vietnam

Feb 2021 Vietnam, Defense/Aerospace

As the world’s seventh fastest-growing aviation market, Vietnam has formulated a master plan for the development of its system of airports and aerodromes for the 2021-2030 ...

Royal Thai Navy Selects RUAG to Modernize Dornier 228 Aircraft

Feb 2021 Thailand, Defense/Aerospace

The Royal Thai Navy (RTN) is modernizing its fleet for the purpose of border surveillance to combat illegal trade and fishing. Switzerland-based RUAG International has been ...

Singapore and India Sign Submarine Rescue Agreement

Feb 2021 Singapore, Defense/Aerospace

Singapore has submarine rescue agreements with many countries, namely Australia, Indonesia, South Korea, the United States, and Vietnam. Recently, the city-island-nation ...

Malaysia Airports, Malaysia Airlines Rolled Out New Passenger Reconciliation System (PRS) to Boost Security Screening Process

Feb 2021 Malaysia, Defense/Aerospace

Malaysia Airports Holdings Bhd (MAHB), one of the world’s largest airport operator groups, has partnered with Malaysia Airlines to roll-out the new Passenger Reconciliation ...

German Company Wins Contract to Supply Engines to the Indonesian Navy

Feb 2021 Indonesia, Defense/Aerospace

A German company, MAN Energy Solutions, has won a contract from shipbuilder Abeking & Rasmussen to supply MAN 12V175D-MM engines for two mine-countermeasures vessels ...

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