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
Indonesian and Korean Agencies Launch Green Technology Partnership Initiative
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
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 ...
Indonesia Expected to Spend USD 33 Billion for Capital Relocation
Indonesia's President Joko Widodo has announced a USD 33 billion project to relocate the Indonesian capital from Jakarta to East Kalimantan, a province on the island of ...
China’s Lesso Invests USD 60m to Manufacture Pipe Fittings in Indonesia
Capitalizing on China’s Belt and Road Initiative, the Lesso group, a Chinese large scale industrial group specialized in building materials and interior decoration products ...
Bukalapak to Offer Insurance for E-Commerce Merchants and Customers
Singaporean insurtech firm, Axinan and Indonesian eCommerce company Bukalapak recently announced a partnership to provide insurance solutions for users of Bukalapak’s ...
Vietnam’s Thanh Hoa Province to Receive USD 2 Billion Investment from Chinese Firm
Mintal Group Co., Ltd, a Chinese-owned company, has been discussing plans with the Provincial People’s Committee (PPC) to build a USD 2 billion ferrochrome, stainless steel ...
Recently Launched Bamboo Airways Building Aviation Training Centre
Vietnam's newest airline, Bamboo Airways began construction of an aviation training center in July 2019 in the central area of Vietnam. This is the first one in a series of ...
MOU Signed for Privately Funded LNG Project in Vietnam
In July 2019, Korea Gas Corporation (KOGAS) entered into a Memorandum of Understanding (MOU) with Energy Capital Vietnam (ECV) that provides a framework for the development ...
JD.com Becomes Largest Shareholder in Tiki Vietnam
Chinese online e-commerce giant JD.com has become the largest shareholder in Tiki Vietnam, Vietnam’s second largest e-commerce platform by traffic after Singapore-based ...
Homegrown Social Networking Platforms Being Launched in Vietnam
Vietnamese internet company Vietnam Communications Corporation (VC Corp) is going to launch the pilot version of its social networking platform called Lotus in September ...
HCMC Investing Heavily on Infrastructure in Southern Part of City
The Ho Chi Minh City (HCMC) transport department reported that the city would continue to invest money in transport Infrastructure in its southern area including district 7, ...
HCMC City Accelerating Digitization of Healthcare Services
As part of its smart city development plans, Ho Chi Minh City (HCMC) city departments, including health, have been asked to publish by the third quarter of 2019 their ...
Can Tho City to Burn 3,000 Tonnes of Waste to Create Energy on Trial Basis
About 3,000 tonnes of waste, which is supposed to be buried at Co Do District’s dumping sites in Can Tho City, will be burned to produce Energy on a trial basis with the ...
American Firms Investing in Danang’s Hi-tech Park and Information Technology Park
Danang city in central Vietnam has been receiving increasing attention from American companies for investment in the city's Hi-tech Park and Information Technology Park. In ...
Thailand Moving Ahead with THB 880 Billion Infrastructure Projects
The Thai Transport Minister is moving ahead with the mega-Infrastructure investment projects that were commenced by the previous government and are worth a combined THB 880 ...
Thai-EU Free Trade Talks Set to Resume
Thailand and the European Union (EU) are resuming talks for a free-trade agreement (FTA). In July 2019, the Deputy Prime Minister and Commerce Minister of Thailand announced ...
SCG and Ciel & Terre Sign MoU for Floating Solar Projects
In July 2019 SCG Chemicals and French company Ciel & Terre signed a memorandum of understanding (MoU) to develop floating solar system for hydro dams in Thailand.
SCG ...
PTT Global Chemical Set to Produce Recycled Plastic Pellets
In July 2019 it was announced that PTT Global Chemical (PTTGC) is planning to develop a Manufacturing facility for recycled plastic pellets. The plant will be a joint venture ...
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