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

Malaysia to Work with Turkey on Armored Vehicle Production

Jan 2020 Malaysia, Defense/Aerospace

The Malaysian government through its Defense Minister Mohamad Sabu, announced that it will work with Turkey to produce eight-wheel armored combat vehicle to beef up its ...

Cypark and Petronas Chemicals Explore Waste-To-Energy Projects in Malaysia

Jan 2020 Malaysia, Environment

Cypark Resources Bhd inked a Memorandum of Understanding (MoU) with Malaysia's leading chemical producer, Petronas Chemicals Group Bhd, regarding possible collaboration on ...

Ann Joo and Southern Steel Forming JV for Manufacturing Long Steel Products

Jan 2020 Malaysia, Manufacturing

Established players in the Malaysian steel market Ann Joo Resources Bhd (AJRB) and Southern Steel Bhd (SSB) have signed a signed a memorandum of understanding (MoU) for the ...

Warburg Pincus Backed Venture Purchases Five Lippo Malls

Jan 2020 Indonesia, Retail/FMCG

Warburg Pincus LLC backed shopping mall developer, NWP Retail, will spend USD 123.5 million to purchase five Lippo shopping malls in Indonesia. Two shopping malls will be ...

Indonesia Opens up Airport Management Projects to Foreign Companies

Jan 2020 Indonesia, Defense/Aerospace

Indonesia plans to offer more airport management projects in 2020, following its first award to a foreign company for the Labuan Bajo airport in Nusa Tenggara Timur, which ...

Indonesia Needs IDR 1,000 Trillion Investment to Reach 6% GDP Growth

Jan 2020 Indonesia, Economy

The Indonesia’s Investment Coordinating Board (BKPM) is looking for nearly IDR 1,000 trillion of investment to push the country's economic growth to 6%, as per the national ...

Indonesia Considering Setting Fixed Fees for E-Wallet Transactions

Jan 2020 Indonesia, ICT

Indonesia is mulling setting fixed fees on some e-wallet transactions at 0.7%. This step could have a significant impact on the rapidly growing digital payments sector in ...

Hyundai Motor to Build First South East Asian Plant in Indonesia

Jan 2020 Indonesia, Manufacturing

Hyundai Motor has struck an agreement with the Indonesian government to produce cars with auto parts supplied by local partners. This is the first time the Korean automaker ...

Grab Working with Indonesian Government to Develop EV Ecosystem

Jan 2020 Indonesia, Environment

Grab and the Indonesian government have launched an Electric Vehicles (EV) Ecosystem Roadmap to accelerate EV adoption in Indonesia and create a more Environmentally ...

Foreign Players Investing in Toll Roads in Java

Jan 2020 Indonesia, Infrastructure

Foreign Investors are investing in the Trans Java toll roads that are part of the Trans Java network. Recently, two toll roads, Solo-Ngawi and Ngawi-Kertosono-Kediri, were ...

Bali to Upgrade Health Services

Jan 2020 Indonesia, Healthcare

The Bali provincial government is on its way to upgrade the island’s health services. The goal is to create an online database for local residents and integrate Bali’s public ...

85 MW Geothermal Plant in West Sumatra Commences Operation

Jan 2020 Indonesia, Energy

In December 2019, PT Supreme Energy Muara Laboh commenced commercial operations of its Muara Laboh Geothermal Power Plant (PLTP) located in Solok Selatan Regency, West ...

Vietnam’s Ministry of Health Launches Integrated Public Services Portal

Nov 2019 Vietnam, Healthcare

Vietnam's Ministry of Health (MoH) has recently launched its public services portal, offering an integrated and better public access to online health-related administrative ...

Vietnamese Companies Exploring Local Production of 5G Chips and Devices

Nov 2019 Vietnam, ICT

Leading telecommunication operators and technology firms in Vietnam are exploring production of locally-made 5G chipsets, network equipment and devices. This comes after the ...

Vietnam Airlines Signs Enginewise Service Agreement with Pratt & Whitney

Nov 2019 Vietnam, Defense/Aerospace

Vietnam Airlines inked a 12-year EngineWise Comprehensive service agreement with Pratt & Whitney for the airline's Pratt & Whitney GTF (geared turbofan) engine ...

Quang Ngai to Build Carbon-Free Islands in Collaboration with Korean and Vietnamese Companies

Nov 2019 Vietnam, Environment

A memorandum of understanding (MOU) on an initiative to help islands in the province of Quang Ngai become carbon-free was signed on November 14 by the Quang Ngai People’s ...

On-Demand Laundry Startup from Spain Comes to Vietnam

Nov 2019 Vietnam, Retail/FMCG

Spanish laundry services start-up Mr Jeff has announced plans to license 30 franchisees this year in Vietnam with the first 15 to open in major cities and provinces including ...

Lien Chieu Cargo Port to Promote Da Nang as a Logistics Center

Nov 2019 Vietnam, Infrastructure

The construction of the new Lien Chieu Cargo Port planned in 2025 will promote Danang as a key international logistics center according to the former general director of the ...

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