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

60 New Prison Facilities to be Built in the Philippines

The President of the Philippines, Rodrigo Duterte, recently announced a PHP 3 billion (USD 58.1 million) investment for the construction of 60 new prison facilities, to ...

Tender Expected for EMR Implementation in Malaysian Government Hospitals and Clinics

Malaysia’s Health Minister, Dr Dzulkefly Ahmad, expects an open tender worth around MYR 1.5 billion (USD 365 million) to be announced this year for a project that will fully ...

Taiwanese Electronics Manufacturer Invests MYR 1 Billion in New Facility in Penang

Taiwanese electronics manufacturer Hotayi Electronic (M) Sdn Bhd has invested MYR 1 billion (USD 243 million) in a new 350,000 sq ft plant located in Batu Kawan, ...

Smart Repair Workshop for Aircraft Radomes Opened in Selangor

In June 2019, Airbus subsidiary, Sepang Aircraft Engineering Sdn Bhd (SAE), opened a smart workshop for the repair of aircraft nose radomes, in Sepang, Selangor. The facility ...

Petronas Chemicals Group Partners with Plastic Recycling Company

Petronas Chemicals Group (PCG), the petrochemical arm of Malaysian state-owned Energy company Petronas, has signed a Memorandum of Understanding with London-based Plastic ...

NEC Joins Race to Lead Malaysia’s National Digital ID Project

Japanese ICT giant, NEC, has submitted a proposal to the Malaysian Ministry of Communications and Multimedia (KKMM) to provide biometric technology for a large-scale ...

MYR 90 Million Available for SMEs in Malaysia Through Co-Funding Initiative

A co-funding initiative between private investors and the government targeting SMEs known as the SME Investment Partner (SIP) Program has recently raised a total of MYR 90 ...

MDEC Chooses Synagie to Accelerate E-commerce Adoption in Malaysia

MDEC is the Malaysian government’s lead agency tasked with driving the growth of the digital economy in the country. Together with the Ministry of International Trade and ...

Malaysia Moving Towards Liberalization of Natural Gas Market

Malaysia is moving towards liberalizing its natural gas market with just one price review away to achieve market-based gas pricing this year. This was shared by Adif ...

EcoWorld and PowerChina Partner for Infrastructure Development in Malaysia

Eco World Development Group Berhad and PowerChina Group are collaborating on two large industrial and Infrastructure projects. The move is said to strengthen bilateral ...

Three SOEs Form Partnership to Develop Industrial Estates in Sebang

Construction firm PT Wijaya Karya (Wika), Manufacturing company PT Rajawali Nusantara Indonesia (RNI) and plantation company PT Perkebunan Nusantara VIII (PTPN VIII) have ...

PT Lloyd Pharma Indonesia Signs Licensing Agreement for HIV Drugs

San Diego, California-based Viriom Inc. signed a licensing agreement with PT Lloyd Pharma Indonesia for Elpida as well as other drugs from Viriom’s HIV (human ...

NTT Announces Plans to Develop Largest Data Center in Indonesia

NTT Com, the communications subsidiary of the Japanese ICT giant, NTT Group, will build a  four-story, 194,000 square feet data center campus near Jakarta. Dubbed the ...

Japan’s INPEX Obtains Approval for Development of LNG Project in Indonesia

Japanese oil exploration and production company, INPEX, through its subsidiary INPEX Masela (51.93% held by Inpex), received official approval on 16 July from the Indonesian ...

Indonesian Coffee Business Startup Raises USD 20 Million

Indonesian startup, Kopi Kenangan raised USD 20 million from Sequoia India in June 2019. Previously in October 2018, the company raised USD 8 million in seed funding in a ...

Indonesia Implementing A Variety of Tax Breaks to Boost GDP Growth

Indonesia is implementing a comprehensive set of tax measures aimed at boosting investment, and stimulating economic growth, amid signs that the government's 5.3% growth ...

Indonesia and South Korea Collaborate on Water Management

Indonesian State-Owned Enterprise Perum Jasa Tirta II (PJT II) signed an agreement with Korea Water Resources Corporation (K-Water), establishing a partnership concerning ...

Hyundai and Toyota Investing in Electric Vehicle Production in Indonesia

Toyota Motor Corp will invest USD 2 billion to manufacture Electric Vehicles (EVs) in Indonesia over the next four years, starting with hybrid vehicles to gradually ...

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