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

Sabah Considering Setting up Council to Promote Medical Tourism

The state government of Sabah in Malaysia is planning to set up a Health Tourism Council under the Ministry of Tourism and Culture to promote Medical tourism in the state. ...

Petronas Initiates Production at Floating LNG Facility

Petronas, the Malaysian State Owned Enterprise (SOE) recently achieved its first Liquefied Natural Gas (LNG) drop at its floating LNG facility, PLFING Satu, at the Kebabangan ...

Perangsang Selangor Acquires Plastic Injection Molding Firm

Kumpulan Perangsang Selangor Bhd (Perangsang Selangor), a corporate entity owned by the state of Selangor, is buying a 100% stake in Toyoplas Manufacturing, an integrated ...

Oracle Launches Cloud Solution Hub in Malaysia

Oracle has launched a new Cloud Solution Hub in Kuala Lumpur to help organizations of all sizes, particularly Small and Medium Enterprises, to benefit from technologies such ...

New Facility in Malaysia to Assemble Chinese Y-12F Aircraft

A USD 100 million plant for assembly of the Harbin Y-12F aircraft  is under construction at the Alor Setar airport in Kepala Batas, Kedah, Malaysia. Once this facility is ...

Malaysian Ministry Signs Deals with Chinese Firms for Affordable Housing

The Malaysian Ministry of Housing and Local Government signed a Memorandum of Understanding (MOU) with 8 Chinese companies for potential future foreign direct investment and ...

Malaysia Fourth Biggest beneficiary of Sino-US Trade War

According to a research report by Japanese Bank Nomura, Malaysia is the fourth biggest beneficiary of the trade war. Vietnam is the biggest beneficiary, gaining 7.9% of its ...

Aeon Malaysia to Inject USD119 million on New Malls and Renovations

This fiscal year, Aeon Malaysia is set to spend approximately MYR 500 million (USD 119.2 million) on mall refurbishments and new locations. A slight decrease from last year, ...

Tokopedia Expanding E-Commerce Services to Keep Rivals at Bay

Indonesian e-commerce giant Tokopedia is expanding its one-day delivery guarantee to nearly all of its products in a move to keep rivals at bay. While the 100% Indonesia ...

Ratings Agency S&P Raises Indonesia’s Sovereign Rating to BBB

Credit rating agency, Standard & Poor's (S&P) upgraded the Sovereign Credit Rating of the Republic of Indonesia from BBB-/ Stable Outlook to BBB/Stable Outlook on 31 May ...

Indonesian Organization Lands Google Aid to Reduce Plastic Waste

Google will provide training, funding and assistance to Gringgo Indonesia Foundation to develop artificial intelligence (AI) as a means to sort and reduce plastic waste. The ...

Indonesia to Invest USD 412 billion in Infrastructure Between 2020 and 2024

With plans including the construction 25 airports and new power plants, Indonesia hopes to boost the economy by investing a record 5,957 trillion rupiah (USD 412 billion) in ...

Indonesia Considers Opening Domestic Routes to Foreign Airlines

Indonesia's President Joko “Jokowi” Widodo has submitted a proposal to the transportation ministry to allow foreign airlines to serve domestic routes as a way to reduce ...

Indonesia Collaborating with Taiwan for Industry 4.0 Development

The Ministry of Industry of Indonesia has announced a collaboration with the Industrial Technology Research Institute (ITRI) in Taiwan and management consulting firm, ...

Five Indonesian Geothermal Working Areas to be Auctioned in July 2019

The Indonesian Directorate General of Renewable Energy and Energy Conservation (EBTKE), a department under the Ministry of Energy and Mineral Resources (EDSM), is planning to ...

Concerns Remain Over Taxation of Foreign E-commerce Companies

The amended Law on Tax Management has recently been passed by the National Assembly in an effort to improve taxation on ecommerce activities. The law will enter into force on ...

BPJS Kesehatan and IDX Sign Data Sharing Agreement

On 17 May, BPJS Kesehatan and the Indonesian Stock Exchange (IDX) signed a data sharing agreement aiming to encourage companies and their employees to take part in the ...

Blockchain Firm Secures Contract for Logistics Project in Indonesia

Indonesia’s Ministry of Trade has signed an MoU with Singaporean blockchain firm PLMP Fintech, Central Distribusi Batam and the Agency for Free Trade Zone and the Free Port ...

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