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 Reduce Use of HFC Fridge and Air-Con Gas by 80% by 2045

Nov 2020 Malaysia, Environment

Malaysia joined other 110 countries to ratify the UN agreement to eliminate the use of hydrofluorocarbon (HFC) refrigerant, liquid or gas used for refrigeration and air ...

New Regulations for Renewable Energy in Indonesia

Nov 2020 Indonesia, Environment

The Indonesian government is preparing a new regulation on renewable energy pricing to encourage more investment in renewables. According to official statistics, Indonesia ...

US Energy Companies Sign LNG-to-Power Projects in Vietnam

Nov 2020 Vietnam, Energy

Virginia-based AES Corp and PetroVietnam Gas have signed a joint venture agreement to develop a USD 2.8 billion liquefied natural gas (LNG) import terminal and a power plant. ...

Energy Efficiency Services to Invest in E-Mobility Company SWAG EV

Nov 2020 Thailand, Energy

Energy Efficiency Services Limited (EESL), one of the largest energy service companies, has announced that it will invest in Supreme Wagon Automotive Group Electric Vehicle ...

Singapore Boosts Ties with Malaysia and Hong Kong Energy Sectors

Nov 2020 Singapore, Energy

The Energy Market Authority (EMA), Singapore’s energy agency, has signed memorandums of understanding (MOUs) with its Malaysia and Hong Kong counterparts, Suruhanjaya Tenaga ...

Solar Philippines Forges Partnerships to Accelerate Solar Projects

Nov 2020 Philippines, Energy

The country’s largest solar energy provider Solar Philippines announced that it is planning to build more partnerships and accelerate the development of solar projects in the ...

Opensys (M) Collaborates with Solarvest, Seeks Potential Partners for its BuySolar Platform

Nov 2020 Malaysia, Energy

OpenSys, a Malaysia-based leading solutions provider for financial services, telecommunications, and utilities has signed a collaborative agreement with EPCC specialist for ...

Indonesia Identifies 12 Geothermal Potential Areas in Sulawesi

Nov 2020 Indonesia, Energy

The Indonesian Ministry of Energy and Mineral Resources (ESDM) has identified 12 geothermal potential areas in West Sulawesi. Currently, there are no geothermal working areas ...

Vietnam and the US Sign Major Deals in Food, Energy, and Fuel Sectors

Nov 2020 Vietnam, Economy

The Vietnam Trade Alliance, a group of buyers and producers from the country, recently signed a pact to buy up to USD 500 million worth of American pork over three years from ...

Thailand Relaxes Requirements for Tourists

Nov 2020 Thailand, Economy

In October 2020, Thailand opened its borders to tourists who applied for special tourist visas (STVs), which required applicants from low-risk countries to fulfil certain ...

Singapore Adds USD 74 Billion Financial Stimulus to 2021 Budget

Nov 2020 Singapore, Economy

With Singapore’s trade-reliant economy expected to continue facing uncertainty in 2021, the Singapore government is looking to add an additional SGD 100 billion ...

Gradual Reopening Alongside Strict Health Protocols Underpins Economic Improvement

Nov 2020 Philippines, Economy

The Philippines’ premier economic advisory agency, the National Economic and Development Authority (NEDA), noted that the improvement in the country’s trade performance in ...

Malaysia Ranks as Fourth Most Competitive Manufacturing Hub

Nov 2020 Malaysia, Economy

According to a joint study by KPMG and US-based The Manufacturing Institute, called “Cost of Manufacturing Operations Around the Globe”, Malaysia was ranked fourth out of 17 ...

Indonesia Launches Data Platform to Boost Investment and Economic Relations with Japan

Nov 2020 Indonesia, Economy

Bank Indonesia, in collaboration with the Ministry of Trade, the Indonesia Investment Coordinating Board, and the Indonesian Embassy in Japan, recently launched an integrated ...

Japan to Expand Security Ties with Vietnam amid Tensions with China

Nov 2020 Vietnam, Defense/Aerospace

During his inaugural summit abroad, Japanese Prime Minister Yoshihide Suga held talks with Vietnamese Prime Minister Nguyen Xuan Phuc, where the two leaders affirmed their ...

Starlux Airlines Expands Flight Routes to Bangkok

Nov 2020 Thailand, Defense/Aerospace

Starlux Airlines, a Taiwanese Luxury Airline, has announced plans to commence flights from Taiwan to Osaka and Tokyo in Japan, as well as to Bangkok in Thailand, adding to ...

Airbus Ventures Adds Singapore Start-Up ZES to its Portfolio

Nov 2020 Singapore, Defense/Aerospace

Venture capital company, Airbus Ventures, has added Singapore start-up company, Zero Error Systems (ZES), to its investment portfolio. ZES specializes in developing ‘smart ...

Duterte Extends Philippines’ Military Deal with US

Nov 2020 Philippines, Defense/Aerospace

President Rodrigo Duterte has extended for another six months the suspension of the decision to cancel the Philippines’ Visiting Forces Agreement (VFA) with the United ...

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