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

Sinomach to Open Ferronickel Plant in Indonesia

May 2019 Indonesia, Manufacturing

Chinese state-owned firm, Sinomach, also known as China National Machinery Industry Co, has finalized its plan to build a 80,000 tons ferronickel plant in Indonesia. The ...

Indonesian Rail Project Expects USD 18 Billion from Satellite Towns

May 2019 Indonesia, Infrastructure

The Indonesian-Chinese consortium building a high-speed rail link between the capital Jakarta and Bandung, a textiles hub, expects to earn USD 18 billion from developing four ...

Indonesia Launches Sharia Economy Masterplan

May 2019 Indonesia, Economy

In May 2019, Indonesia launched the 2019-2024 Sharia Economy Masterplan, as part of the country’s national economic development initiative. The government has underlined four ...

Coca-Cola Amatil Supported Accelerator Launches in Indonesia

May 2019 Indonesia, Retail/FMCG

Coca-Cola Amatil (CCA), one of the world’s larger bottlers of The Coca-Cola Company range, has announced plans to expanding its start-up accelerator platform Amatil X to ...

Bali Aims to Capture Wellness and Health Tourism Potential

May 2019 Indonesia, Healthcare

Acknowledging the exponential growth of global wellness tourism, the Bali administration is currently aiming to expand the island’s health tourism with supportive ...

Amazon Web Services Opening New Region in Indonesia

May 2019 Indonesia, ICT

Amazon Web Services (AWS) has decided to open a new Infrastructure region in Indonesia by the end of 2021 or early 2022. The opening of an AWS Infrastructure region in ...

ADB Grants USD 305M to Largest CCGT Power Plant in Indonesia

May 2019 Indonesia, Energy

The Asian Development Bank (ADB) announced the first drawdown of funds under a private sector financing package totaling more than USD 305 million invested in Jawa-1, which ...

VinFast Partners LG Chem for Producing Vehicle Batteries

Apr 2019 Vietnam, Manufacturing

Vinfast has established a joint venture with LG Chem to produce battery packs for Vinfast's currently under-production electric scooters, and in the future for electric ...

Vietnam Seeking Measures to Address Erosion in Mekong Delta

Apr 2019 Vietnam, Environment

Speaking at a conference in Ca Mau province on April 9, the Deputy Minister of Agriculture and Rural Development said that the Ministry of Agriculture and Rural Development ...

Vietnam Deregulating Pre-requisites for Multiple Business Lines

Apr 2019 Vietnam, Economy

Vietnam's Ministry of Planning and Investment (MPI) is accelerating cutting business prerequisites in term of quality. In the first quarter of 2019 the Ministry proposed ...

Vietnam Acquiring Military Reconnaissance Drone from Boeing

Apr 2019 Vietnam, Defense/Aerospace

According to multiple media reports, U.S. company Boeing is close to securing a deal to sell ScanEagle unmanned aerial vehicles (UAVs) with intelligence collection and ...

Vestas Wins Order for 42 MW Wind Power Project in Vietnam

Apr 2019 Vietnam, Energy

Danish wind turbine manufacturer, Vestas, has won an order for 10 V150-4.2 MW wind turbines for an unnamed client in Vietnam. The company describes the V150-4.2 MW wind ...

USD 600,000 Project to Expand Vaccine Access in Vietnam

Apr 2019 Vietnam, Healthcare

The National Institute of Vaccines and Medical Biologicals (NICVB), the National Institute of Hygiene and Epidemiology (NIHE) in Vietnam are collaborating with Zuellig Pharma ...

Two Recent M&A Deals in Vietnam’s Retail Sector

Apr 2019 Vietnam, Retail/FMCG

In early April 2019, VinCommerce, a retail subsidiary of local conglomerate Vingroup, took over convenience store chain Shop&Go for a symbolic value of 1 USD. Shop&Go is a ...

CMC Corporation Launches Open ICT Infrastructure Ecosystem in Vietnam

Apr 2019 Vietnam, ICT

CMC Corporation (CMC), a leading ICT corporation in Vietnam, has launched an open Infrastructure ecosystem for enterprises and organizations called C.OPE2N. The architecture ...

Additional USD 344 Million Investment for Flood Prevention in HCMC

Apr 2019 Vietnam, Infrastructure

Ho Chi Minh City (HCMC) is projected to carry out 218 anti-flood projects with a total cost of nearly USD 344 million (VND 8 trillion) in 2019 to address chronic flooding and ...

U-Tapao Airport and Eastern Airport City Project Bidders Revealed

Apr 2019 Thailand, Defense/Aerospace

Names of the bidders for U-Tapao Airport And the Eastern Airport City Project were revealed when the Royal Thai Navy, which manages Rayong's U-Tapao airport, unsealed the bid ...

USD 1 Billion Green Infrastructure Finance Facility Launched for South East Asia

Apr 2019 Thailand, Environment

On 4 April, 2019 in Bangkok, the Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major development financiers launched a facility, called ...

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