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

USTDA Helping Indonesia to Develop LNG Infrastructure

Jul 2020 Indonesia, Infrastructure

The US Trade and Development Agency (USTDA) has awarded a grant to PT Nusatama Properta Panbil to promote continued economic growth and energy security in Indonesia. The fund ...

Seven Foreign Companies Confirm Relocation of Production Facilities to Indonesia

Jul 2020 Indonesia, Economy

A total of seven foreign companies had confirmed of relocating its production facilities to Indonesia. According to Investment Coordinating Board (BKPM), the relocation will ...

Indonesia’s State-Owned Electricity Company to Introduce 79 Million Smart Meters

Jul 2020 Indonesia, Energy

Indonesia’s State-owned electricity company PLN has unveiled a plan to introduce 79 million smart meters in the country over the next seven years. The move was put forward to ...

Indonesia Signs Preliminary Contract for Two Iver Huitfeldt Frigates

Jul 2020 Indonesia, Defense/Aerospace

The Indonesian Ministry of Defense and Danish Odense Maritime Technology, through its Indonesian representative PT Sinar Kokoh Persada, have signed a preamble contract for ...

Indonesian Online Furniture Retailer Obtains USD 9 Million in Series-C Funding

Jul 2020 Indonesia, Retail/FMCG

Fabelio, an Indonesian online furniture retailer, has obtained USD 9 million in Series-C funding from AppWorks, a Taiwan venture firm. The funds will be used to expand the ...

Indonesian Government Preparing Regulations for Domestic Carbon Trading

Jul 2020 Indonesia, Environment

The Indonesian government is preparing a regulation on domestic carbon trading as part of the country’s commitment to reduce global greenhouse gas emissions. During last ...

Docquity Partners with Indonesian Health Ministry to Recruit Doctors

Jul 2020 Indonesia, Healthcare

Singapore-based Docquity, described as South East Asia’s largest professional network of doctors, has partnered with the Indonesian Ministry of Health (MOH) and Ikatan Dokter ...

APM Partners with Hyundai for Car Seats Manufacturing in Indonesia

Jul 2020 Indonesia, Manufacturing

PT APM Automotive Indonesia (APM), an indirect wholly-owned subsidiary of APM Automotive Holdings Bhd, has partnered with PT Hyundai Transys Inc (HTI), to manufacture ...

Alibaba to Add a Third Indonesian Data Center by 2021

Jul 2020 Indonesia, ICT

Chinese tech giant, Alibaba has confirmed the opening of its third data center in Indonesia by 2021. The new data center will offer a full spectrum of cloud products and ...

Vietnamese Pharma Company Partners with Blockchain Technology Provider

Jun 2020 Vietnam, Healthcare

Beowulf Blockchain ("Beowulf"), a US-based B2B platform providing communication services via a decentralized cloud network of computing resources worldwide, has partnered ...

JICA to Conduct Survey for Pre-feasibility Report of Port Project in Danang

Jun 2020 Vietnam, Infrastructure

The Japan International Co-operation Agency (JICA) plans to begin a survey for the pre-feasibility report of the Lien Chieu port construction project later this year. The ...

German Automotive Supplier Schaeffler Partners with Vietnamese ICT Leader

Jun 2020 Vietnam, ICT

FPT, Vietnam’s leading information technology firm, has partnered with Schaeffler, a German automotive supplier, for a digital manufacturing initiative. This cooperation is a ...

German Adhesive Tape Firm to Set Up Manufacturing Facility in Hai Phong

Jun 2020 Vietnam, Manufacturing

German adhesive tape manufacturer, tesa, will build a USD 60.3 million plant in a 70,000 m2 site in DEEP C Industrial Zones, an industrial park cluster in Hai Phong port city ...

Can Tho City Approves Investment in Anti-Erosion Projects

Jun 2020 Vietnam, Environment

The city of Can Tho in Vietnam has approved an investment of nearly VND 745 billion (USD 32 million) into four anti-erosion projects. The budget for these projects will be ...

Vietnam’s National Assembly Ratifies Free Trade Agreement with EU

Jun 2020 Vietnam, Economy

The National Assembly of Vietnam ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) in June 2020. The ...

Vietnam Formulating New Policies to Support Development of Defense Industries

Jun 2020 Vietnam, Defense/Aerospace

The government of Vietnam is preparing new policies and laws to support the development of defense industries in Vietnam. According to Jane's the policies are being ...

Vietnam Continues to Add Solar Power Capacity

Jun 2020 Vietnam, Energy

In June 2020, a new 550 MW solar project was announced to be built in Luning County, in Vietnam’s Pingfu province. It will be built by China Power Construction Group, which ...

Vinamilk and Kido Set Up Joint Venture to Produce Ice-Cream and Beverages

Jun 2020 Vietnam, Retail/FMCG

Vietnamese dairy market leader, Vinamilk and packaged food producer, Kido Group Corporation signed a memorandum of understanding (MOU) in June 2020 to set up a joint venture, ...

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