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

Leading IT Companies Roll Out Digital Learning Platforms in Malaysia

Malaysia is witnessing global technology firms rolling out digital learning platforms to accelerate the digital economy and improve the education system amidst the challenges ...

Green Packet, Five Petroleum to Launch Petrol Stations with Cashless Digital Experience

Malaysian telecommunications, media and technology solutions provider, Green Packet Bhd has collaborated with Five Petroleum Malaysia Sdn Bhd (FIVE) to launch the country’s ...

Contract Awarded for Klang Valley Mass Rapid Transit Station

Sunway Construction Group Bhd (SunCon) was awarded two contracts worth MYR 175 million (USD 40 million) involving Chan Sow Lin-Klang Valley Mass Rapid Transit underground ...

Canadian LeddarTech to Begin Volume Production of Lidar Solution in Malaysia

Canada-based LeddarTech, the leading supplier of LiDAR (light detection and ranging) technology has announced plans for volume production of the LeddarTM Pixell Cocoon LiDAR ...

Pertamina Signs Agreement with Taiwan’s CPC for Petrochemical Facility

Indonesia's state-owned oil and gas enterprise, Pertamina signed an agreement with CPC Corporation, Taiwan's state-owned oil & gas company to develop a USD 8 billion ...

Indonesian Data Preparation and Management Startup Raises Seed Funding

An Indonesian data management startup, Delman, that helps companies to clean up data, has raised USD 1.6 million in seed funding. The fresh funding is going towards ...

Indonesian Companies Find Foreign Partners for COVID-19 Vaccine Development

Indonesia’s major pharmaceutical companies are working with foreign partners to produce COVID-19 vaccines. To support the development of early stage of vaccine development, ...

COVID Driving Growth in Groceries and Personal Care E-Commerce in Indonesia

A survey conducted by Redseer, a management consulting company, reveals that the COVID-19 pandemic has a positive impact on the e-commerce sector in Indonesia. The e-commerce ...

Indonesia’s Capital to Ban Single-Use Plastics from July 2020

The capital of Indonesia, Jakarta, will ban single-use plastics starting on 1 July 2020. Based on the new regulation, shopping centers, supermarkets and traditional market ...

Indonesian Government Taking Steps to Lure Relocating US Companies

Indonesia is currently in talks with the US government on the potential relocation of American companies operating in China to the country. According to media report, about ...

South Korean Firm to Supply Radio System to Indonesian Police

South Korean defense firm LIG Nex1 has won a deal to supply radio system to the Indonesian police. The deal is worth USD 129.4 million and the system is expected to be ...

Indonesia to Receive USD 300 Million from ADB for Geothermal Electricity Generation

An Indonesian state-owned company, PT Geo Dipa Energi (GDE) is to receive USD 300 Million from Asian Development Bank (ADB). The fund will be used to expand its geothermal ...

Indonesian Government to Develop 89 New ‘Strategic’ Projects

The Indonesian government is to continue developing 89 new projects amid the COVID-19 pandemic, worth USD 94.8 billion from 2020-2024. These projects are additional to the ...

New USD 472 Million Terminal Approved for HCMC’s Tan Son Nhat Airport

The Airports Corporation of Vietnam (ACV) has received approval for a USD 472 million project for building a new Passenger Terminal 3 at  Ho Chi Minh City's Tan Son Nhat ...

Japanese Company to Build New Sewer System to Clean To Lich River in Hanoi

A Japanese company will use novel technology to build a sewer system under the To Lich river in Vietnam's capital city, Hanoi. The sewer will be 21 km long, including a 11.4 ...

Denmark Supporting Offshore Wind Energy Development in Vietnam

The Danish Energy Agency (DEA) and the Vietnamese Electricity and Renewable Energy Authority are working together to prepare an Input to Roadmap report for offshore wind ...

Dairy Industry in Vietnam Expected to Continue on Growth Path in 2020

The Vietnam Industry Research and Consultancy (VIRAC) forecasts that the dairy industry will continue to grow in 2020, with increasing investment in dairy farms to reduce ...

Proposed PPP Law in Vietnam Expected to Help Attract Infrastructure Investments

A new law in Vietnam on investments through the Public-Private Partnership (PPP) model is expected to come up for final approval soon. The draft law was published by the ...

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