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

Filipinos Keen to Upskill in Artificial Intelligence but Face Hurdles

A 2023 study conducted by The Economist Impact reveals that possessing proficiency in Artificial Intelligence (AI) has become an essential digital competency for Filipino ...

USD 303 Million ADB Loan to Boost Flood Resilience in 3 Philippine River Basins

The Asian Development Bank (ADB) has approved a USD 303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the ...

Philippines Is Losing PHP 110 billion (USD 1.9 billion) Yearly Due to Cancer

According to a recent study published by the Philippine Institute for Development Studies (PIDS), the Philippines is losing over PHP 110 billion (USD 1.9 billion) annually ...

Development Bank of the Philippines Extends Support to Modernize the Country’s Food Logistics Infrastructure

The Development Bank of the Philippines (DBP), the Philippines’ eighth-largest bank in terms of assets, is ready to extend its support to the government’s food logistics ...

South Korea’s Retail Giant Lotte to Expand Its Presence in Vietnamese Market

In September 2023, Lotte announced the official opening of Lotte Mall West Lake Hanoi, a mega shopping mall that serves customers desiring to experience Korean products ...

Apple Completes Transfer of 11 Manufacturing Units to Vietnam

According to Mr. Nguyen Thang Vuong, Head of the European and American Markets Division under the Ministry of Industry and Trade, Apple has relocated 11 factories for ...

Vietnam to Launch Its First Mega LNG Complex

Petrovietnam Gas Joint Stock Corporation (PV GAS) has completed a series of technical tests and is now prepared to begin commercial operation of the Thi Vai liquefied natural ...

Vietnam to Release Licenses for 5G Commercialization

Vietnam’s Ministry of Information and Communications (MIC) is planning for the auction frequencies of 5G in November 2023, and it is expected that the first series of ...

South Korea and Vietnam to Bolster Bilateral Relationship in Drugs and Medical Devices Sector

South Korea’s Ministry of Food and Drug Safety (MFDS) in September 2023 held a bilateral collaboration meeting with the Drug Administration of Vietnam (DAV) to support ...

South Korean Company to Build Biodegradable Material Factory in Vietnam

SK Group’s SKC Co., a chemical subsidiary of the South Korean conglomerate, is gearing up to construct a factory in Vietnam dedicated to producing materials for ...

The United States and Vietnam Advance Economic Ties

U.S. President Joe Biden, top executives from prominent U.S. tech companies such as Google, Intel, and Vietnamese business leaders had a meeting following the bilateral ...

ADB and GreenYellow Partner to Expand Commercial and Industrial Rooftop Solar in Vietnam

The Asian Development Bank (ADB) and GreenYellow Smart Solutions Vietnam Co., Ltd. (GreenYellow) have inked a loan agreement, totaling USD 13.8 million, to facilitate the ...

Vietnam Airlines Secures USD 7.8 Billion Boeing 737 Max Deal

A deal between Vietnam Airlines and American aircraft manufacturer Boeing, worth a remarkable USD 7.8 billion was officially confirmed during Biden’s visit to Hanoi in ...

Dutch and Polish Companies Partner for Instant Coffee Joint Venture in Vietnam

Dutch company Louis Dreyfus Company (LDC) and Polish specialist Instanta Sp. z o.o. (Instanta) have officially launched ILD Coffee Vietnam, a freeze-dried instant coffee ...

UTP and MKIC Collaborate on Palm Oil Biomass Waste-to-Wealth Project in Sabah

Petronas’s education arm, Universiti Teknologi Petronas (UTP) and Malaysian Kuwaiti Investment Co Sdn Bhd (MKIC) have collaborated on the ‘Optimization of Biomass ...

Malaysia Explores Partnership with UK on Defense Technology

Malaysia’s Defense Ministry (MINDEF) is strengthening its partnership with the UK as it shifts focus to tech-driven military operations, aligned with the national ...

Malaysia Secures USD 7.9 Billion Investment Commitments in Digital Sector, Launches Malaysia Digital Expo

Malaysia’s Communications and Digital Ministry (KKD), which oversees telecommunications, broadcasting, and digital sectors announced that the country has secured MYR ...

Petronas, Gentari, Amazon, AWS Collaborate for Sustainable Energy, Research Alternative Fuels

Petronas, its renewable energy subsidiary Gentari Sdn Bhd, Amazon, and Amazon Web Services (AWS) are collaborating to ramp up sustainability and decarbonization efforts. This ...

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