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

Hyundai Motor to Build First South East Asian Plant in Indonesia

Jan 2020 Indonesia, Manufacturing

Hyundai Motor has struck an agreement with the Indonesian government to produce cars with auto parts supplied by local partners. This is the first time the Korean automaker ...

Grab Working with Indonesian Government to Develop EV Ecosystem

Jan 2020 Indonesia, Environment

Grab and the Indonesian government have launched an Electric Vehicles (EV) Ecosystem Roadmap to accelerate EV adoption in Indonesia and create a more Environmentally ...

Foreign Players Investing in Toll Roads in Java

Jan 2020 Indonesia, Infrastructure

Foreign Investors are investing in the Trans Java toll roads that are part of the Trans Java network. Recently, two toll roads, Solo-Ngawi and Ngawi-Kertosono-Kediri, were ...

Bali to Upgrade Health Services

Jan 2020 Indonesia, Healthcare

The Bali provincial government is on its way to upgrade the island’s health services. The goal is to create an online database for local residents and integrate Bali’s public ...

85 MW Geothermal Plant in West Sumatra Commences Operation

Jan 2020 Indonesia, Energy

In December 2019, PT Supreme Energy Muara Laboh commenced commercial operations of its Muara Laboh Geothermal Power Plant (PLTP) located in Solok Selatan Regency, West ...

Vietnam’s Ministry of Health Launches Integrated Public Services Portal

Nov 2019 Vietnam, Healthcare

Vietnam's Ministry of Health (MoH) has recently launched its public services portal, offering an integrated and better public access to online health-related administrative ...

Vietnamese Companies Exploring Local Production of 5G Chips and Devices

Nov 2019 Vietnam, ICT

Leading telecommunication operators and technology firms in Vietnam are exploring production of locally-made 5G chipsets, network equipment and devices. This comes after the ...

Vietnam Airlines Signs Enginewise Service Agreement with Pratt & Whitney

Nov 2019 Vietnam, Defense/Aerospace

Vietnam Airlines inked a 12-year EngineWise Comprehensive service agreement with Pratt & Whitney for the airline's Pratt & Whitney GTF (geared turbofan) engine ...

Quang Ngai to Build Carbon-Free Islands in Collaboration with Korean and Vietnamese Companies

Nov 2019 Vietnam, Environment

A memorandum of understanding (MOU) on an initiative to help islands in the province of Quang Ngai become carbon-free was signed on November 14 by the Quang Ngai People’s ...

On-Demand Laundry Startup from Spain Comes to Vietnam

Nov 2019 Vietnam, Retail/FMCG

Spanish laundry services start-up Mr Jeff has announced plans to license 30 franchisees this year in Vietnam with the first 15 to open in major cities and provinces including ...

Lien Chieu Cargo Port to Promote Da Nang as a Logistics Center

Nov 2019 Vietnam, Infrastructure

The construction of the new Lien Chieu Cargo Port planned in 2025 will promote Danang as a key international logistics center according to the former general director of the ...

Government Proposes Amendments to PPP Law

Nov 2019 Vietnam, Economy

According to the World Bank, around USD 25 billion worth of investments in Infrastructure is needed annually so that it can cope up with Vietnam's burgeoning economy. In ...

France and Vietnam Sign USD 26.7 million Loan agreement for Se San 4 Solar Power Plant

Nov 2019 Vietnam, Energy

A USD 26.7 million non-government guarantee credit agreement has been signed between Mr Remi Genevey, Director of Asia Department of French Development Agency (AFD) and ...

Facebook to Produce Virtual Reality Headsets in Vietnam

Nov 2019 Vietnam, Manufacturing

US-based online social media and social networking service company Facebook announced that it will produce its new-generation virtual reality (VR) headset called the Oculus ...

Thailand Experimenting with Airport Biometric Scanning Systems

Nov 2019 Thailand, Defense/Aerospace

The Thai Ministry of Transport revealed that it is considering using biometric technology for facial scanning of air passengers in order to improve passenger experience, ...

Thailand Bans Three Toxic Farm Chemicals

Nov 2019 Thailand, Environment

In October 2019 Thailand's National Committee on Hazardous Substances voted to ban three toxic farm chemicals, two herbicides - paraquat and glyphosate - and a pesticide, ...

Thai Consortium Signs USD 7.4 Billion Deal for High-Speed Rail Linking Major Airports

Nov 2019 Thailand, Infrastructure

On October 2019, a consortium led by Thailand’s largest conglomerate, the Charoen Pokphand (CP) Group on 24 October 2019 signed a USD 7.4 billion deal with the State Railway ...

Thai Central Pattana to Invest Over USD 700 Million by 2022

Nov 2019 Thailand, Retail/FMCG

Thailand’s largest mall operator, Central Pattana Pcl, has announced that it will invest around USD 723 million by 2022 in new projects and store renovations. Thai Central ...

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