Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

Vietnam Government Calls for Improvements in the Water Sector

A new directive from Vietnam's Prime Minister Nguyen Xuan Phuc has called for strengthening the management of clean water production and trading activities in Vietnam, urging ...

Vietnam’s Health Ministry Launches Portal for Publishing Prices of Medical Equipment

The Ministry of Health in Vietnam has launched a new electronic portal for publishing the prices of medical equipment. The prices will be published on this ...

Vietnamese Telco Develops Artificial Intelligence Platform

Vietnam's Ministry of Information and Communication has officially launched the Viettel AI Open Platform, an artificial intelligence (AI) platform developed by the telecom ...

EVFTA Creates New Opportunities for Vietnamese Agricultural Exports

Vietnam is expected to significantly increase its agricultural exports to the EU as a consequence of the recently concluded EU-Vietnam Free Trade Agreement (EVFTA). According ...

Mastercard Builds Alliance to Digitalize Retail Supply Chains in Asia

Mastercard has formed an alliance with N-Frnds, SGeBIZ and Finastra, with support from the Asian Development Bank (ADB), to create technology solutions for the retail supply ...

Chinese Firm Invests in Lithium Battery Production in Indonesia

China’s Contemporary Amperex Technology (CATL) has invested USD 2.6 billion in building the largest lithium battery production facility in Indonesia. This is in line with ...

Public Works Ministry of Indonesia Seeks 42% Budget Bump in 2021

The Ministry of Public Works and Housing (PUPR) of Indonesia is requesting a USD 10.1 billion budget for 2021 to fund the country's infrastructure projects. This marks almost ...

New USD 6 Million Waste-to-Energy Plant Inaugurated in Indonesia

The Indonesian government inaugurated a waste-to-energy power plant in Cilacap, Central Java, worth USD 6 million. The refuse-derived fuel (RDF) facility is a pilot project to

Indonesian Government Exploring Plans to Develop Medical Tourism

According to a report in the Jakarta Post, the Indonesian government is considering a plan to develop medical tourism in the country in an effort to provide high quality ...

Fortescue Metals Group to Develop Renewable Energy in Indonesia

The Indonesian government and Australian firm Fortescue Metals Group (FMG), the fourth largest iron ore producer in the world, signed a Deed of Agreement to develop renewable ...

Indonesian Logistics Startup Waresix Raises Series-B Funding

Waresix, an Indonesian logistics startup company, raised USD 100 million for its Series-B funding round. Investors include existing backers, EV Growth and Jungle Ventures as ...

Korea Development Bank Acquires Indonesia’s Tifa Finance

Korea Development Bank (KDB) has purchased a majority stake of 80.65% in Tifa Finance, a multi-finance company in Indonesia.  KDB is a state-owned bank established in 1954 for

Anytime Fitness Asia Aims to Establish 100 Gyms in Malaysia in 3 to 4 Years

Anytime Fitness Asia (AFA), the regional master franchisee of the Anytime Fitness brand headquartered in Minnesota, USA, is planning to set up 100 more gyms in Malaysia in ...

Malaysia Invites Bids for Maritime Patrol Aircraft and Unmanned Aerial Systems

The Malaysian Ministry of Defense has issued an international tender to supply three unmanned aerial systems (UAS) and two maritime patrol aircraft (MPA). The announcement ...

AME Elite to Start Construction of Jstar Motion’s Fourth Manufacturing Facility in Johor

AME Elite Consortium Sdn Bhd, a Malaysia-based integrated industrial property development and engineering services provider is planning to state construction of Jstar Motion’s

Communication Infrastructure in Sabah And Sarawak to be Upgraded by 2022

The Malaysian Communications and Multimedia Commission (MCMC), the national regulator for the communications and multimedia industry, has announced the government's plan to ...

Penang State Announces Initiative to Improve Water Supply Infrastructure by 2050

Penang Water Supply Corporation (PBAPP), a state-owned company that manages water supply in Penang has outlined three contingency plans under its Penang Water Supply ...

Malaysia Sets Up its First Oncofertility Referral Center

Malaysia's first oncofertility referral center or known as the Advanced Reproductive Centre (ARC) has been formally established at the Canselor Tunku Mukhriz Hospital of ...

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