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
FILA Launches in Malaysia with Three New Stores
FILA has officially launched its presence in Malaysia with the opening of three stores within a month, marking a significant entry into the local market. The first store ...
Hyundai Motor Partners with INOKOM for Automotive Assembly Investment in Malaysia
Hyundai Motor is set to establish a strategic partnership with INOKOM for the assembly of several new automotive models in Malaysia, backed by a significant investment of MYR ...
Malaysia and Singapore Collaborate on Digital Transformation in Maritime Industry with New MoU
Malaysia’s MISC Berhad and Maritime and Port Authority of Singapore (MPA) have signed a memorandum of understanding (MoU) aimed at enhancing collaboration in ...
Malaysia Launches National AI Office to Drive Digital Transformation and Economic Growth
Malaysia has officially launched the National AI Office (NAIO), a pivotal initiative aimed at advancing the country’s digital transformation and positioning it as a ...
Mahkota Medical Centre Launches Malaysia’s First Next-Gen Smart Ward
Mahkota Medical Centre (MMC) in Malacca has launched Malaysia’s first Next-Gen Smart Ward, marking a significant milestone in patient care as the facility celebrates ...
UVCell Solar and Iozela Collaborate on Two Major Energy Projects in Malaysia
UVCell Solar and Iozela Data Center have announced a strategic collaboration to develop two significant projects in Malaysia, focusing on sustainability and renewable energy. ...
Pengerang Energy Complex Secures USD 3.5 Billion Financing for Low-Carbon Petrochemicals Facility
Pengerang Energy Complex (PEC) has secured project financing of USD 3.5 billion from leading export credit agencies (ECA) and Islamic financing entities to develop a ...
Malaysia Secures USD 56.58 Billion in Investments, Targets Top 30 Global Economy by 2033
Malaysia has demonstrated strong investor confidence with approved investments totaling MYR 254.7 billion (USD 56.58 billion) for the first nine months of 2024, reflecting a ...
World’s First AI-Powered Palm Oil Mill Launched in Malaysia
The world’s first palm oil mill utilizing artificial intelligence (AI) technology has been launched in Kuala Kangsar, Malaysia, marking a significant advancement for ...
Malaysia to Lease 28 AW149 Helicopters in USD 3.4 Billion Defense Initiative
The Malaysian government has announced a significant initiative to lease 28 AW149 medium helicopters from Italy’s Leonardo, with a contract valued at USD 3.4 billion ...
Japanese Conglomerate Launches Vietnam’s First Refrigerated Beef Processing Plant
Sojitz Corporation, a Japanese conglomerate, has officially commenced operations at one of Vietnam’s largest beef processing plants located in Tam Dao, Vinh Phuc ...
Vietnam and US Strengthen Defense Ties at Defense Expo
Vietnam’s Prime Minister (PM) Pham Minh Chinh welcomed a delegation of aerospace, defense, and security companies from the US-ASEAN Business Council (USABC) in Hanoi in ...
Vietnam Attracts Record Foreign Investment, Aims for Global Economic Leadership
Vietnam has demonstrated impressive growth in foreign investment in 2024, attracting over USD 27.26 billion as of October, marking a 1.9% increase from the previous year. The ...
Vietnamese and American Companies Partner to Boost Renewable Energy in Vietnam
Vietnam’s Power Engineering Consulting JSC 2 (PECC2) has entered into a collaboration with the US solar manufacturer First Solar to utilize the direct power purchase ...
Spanish Company Opens Advanced Recycling Facility in Vietnam for Sustainable Textile
Recover, a leading global producer of recycled cotton fiber based out of Spain has announced the opening of a new manufacturing facility in Dong Nai province, Vietnam, as ...
Australian Ciotechnology Company to Establish Vietnam’s First AI-Driven Virtual Hospital
An Australian biotechnology company, Core8 Group, has announced plans to establish Vietnam’s first AI-driven hospital, named the MedArmor AI Hospital, which will focus ...
Nvidia to Establish AI R&D and Data Centers in Vietnam
Nvidia has signed an agreement with the Vietnamese government to establish two significant facilities: the Vietnam Research and Development Center (VRDC) and an AI data ...
Aeon Mall Vietnam Begins Construction of its New Mall in Thanh Hoa
Aeon Mall Vietnam, a subsidiary of the Japanese retail giant Aeon Mall, has officially commenced construction on its largest mall in Vietnam, the Aeon Mall Thanh Hoa, with an ...
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