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

Korean Company to Develop Solar Power Plant in the Philippines

Sep 2019 Philippines, Energy

Philippine company Amatera Renewable Energy Corp. has entered into a memorandum of agreement (MOA) with Korean partner TPC Construction Corp. for the development of a 50 ...

Filinvest and Hitachi Form 60-40 Water Solutions Joint Venture

Sep 2019 Philippines, Environment

Philippine conglomerate Filinvest Development Corporation (FDC) and Singapore firm Hitachi Aqua-Tech Engineering Pte. Ltd. inked a joint venture (JV) agreement to put up a ...

European Nutrition Company Enters Philippines Market

Sep 2019 Philippines, Healthcare

Nutricia, a popular brand from Europe for early life and Medical nutrition, recently announced its plan to enter the Philippines before the year ends. Nutricia is under the ...

Singapore-Based Blue Planet Acquires Malaysian Industrial Waste Processing Company

Sep 2019 Malaysia, Environment

Singapore’s Blue Planet Environmental Solutions Pte Ltd has recently acquired Globecycle Holdings Sdn. Bhd., a waste management company specializing in handling industrial ...

Prudential Introduces AI-Powered Health Mobile App in Malaysia

Sep 2019 Malaysia, Healthcare

Prudential Corporation Asia has introduced Pulse, an all-in-one digital app with Artificial Intelligence (AI)-powered health information. Officially unveiled on 12 August, ...

Mega Projects to Drive Malaysia’s Economy in Second Half of 2019

Sep 2019 Malaysia, Economy

Economist Lee Ju Ye from Maybank Kim Eng Group, a wholly-owned subsidiary of Maybank stated that Malaysia’s economic growth for the second half of 2019 will be positively ...

Malaysia’s DreamEDGE to Work with Japan’s Daihatsu for Third National Car

Sep 2019 Malaysia, Manufacturing

Malaysia's Minister of International Trade and Industry (MITI), Darell Leiking, has announced that Malaysian digital engineering services firm, DreamEDGE Sdn Bhd has been ...

Malaysia Needs USD 7.9 Billion to Achieve Renewable Energy Target by 2025

Sep 2019 Malaysia, Energy

Malaysian Minister of Energy, Technology, Science, Climate Change and Environment (MESTECC) Yeo Bee Yin stated that Malaysia will need MYR 33 billion (USD 7.9 billion) worth ...

MAHB Collaborates with Huawei Technologies for Airports 4.0 Initiative

Sep 2019 Malaysia, ICT

Malaysia Airports Holding Berhad (MAHB), a public listed airport company that manages 39 airports nationwide has signed a Memorandum of Understanding (MOU) with Huawei ...

Chinese Hygiene Products Company Opens Regional Hub in Malaysia

Sep 2019 Malaysia, Retail/FMCG

On 4 September, Hong Kong-listed Vinda International Holdings Ltd announced that it will invest more than MYR 500 million (USD 119 million) on a new regional hub in Malaysia ...

Airbus to Invest USD 120 Million in Malaysian Aerospace Industry

Sep 2019 Malaysia, Defense/Aerospace

Airbus SE announced on 30 August that it will invest MYR 505 million (USD 121 million) for three key initiatives to enhance the aviation and aerospace industry in Malaysia. ...

95% of Rural Population in Sabah to Have Quality Infrastructure by 2025

Sep 2019 Malaysia, Infrastructure

Malaysia's Rural Development Minister Rina Mohd Harun aims to ensure 95% of the rural population especially in Sabah will enjoy quality and efficient basic Infrastructure ...

WhatsApp Considering Mobile Payments Launch in Indonesia

Sep 2019 Indonesia, ICT

WhatsApp, Facebook Inc’s messaging services is reportedly in advanced talks with several Indonesian digital payment providers in a move to enter the country’s quickly ...

SK Plasma to Introduce Blood Product Technology to Indonesia

Sep 2019 Indonesia, Healthcare

SK Plasma, a producer of blood products which is part of the conglomerate SK Group, announced that in early September that it has signed an Memorandum of Understanding ...

MAN Energy Solutions Commissions Three Dual-Fuel Plants in Indonesia

Sep 2019 Indonesia, Energy

MAN Energy solutions is working with the Indonesian government to supply over 1,000 islands with reliable power. Based in Germany, MAN Energy Solutions is the world’s leading ...

Lion Air and Garuda Indonesia Join Hands to Build Hangars in Batam

Sep 2019 Indonesia, Defense/Aerospace

The two largest airlines in Indonesia, Lion Air and Garuda Indonesia, announced in August 2019 that they are strengthening their cooperation in the aviation industry with ...

Indonesian and Korean Agencies Launch Green Technology Partnership Initiative

Sep 2019 Indonesia, Environment

The Indonesian Agency for Technology Assessment and Application (BPPT) and the Green Technology Center Korea (GTC-K) announced a partnership through the launch of the Green ...

Indonesia Looking to Raise Foreign Ownership Caps by End-2019

Sep 2019 Indonesia, Economy

By the end of 2019, the Indonesian government will announce plans to increase foreign ownership of businesses in some sectors, according to the head of Indonesia’s investment ...

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