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

Indonesia to Provide Tax Incentives for Electric Vehicle Manufacturers

Indonesia plans to provide tax incentives for automakers intending to establish electric vehicle (EV) plants, including exemptions on import duties for fully manufactured EVs ...

US and German Companies Advance Green Hydrogen Production in Indonesia

Black & Veatch, a US company leader in critical infrastructure solutions, has recently undertaken a feasibility study for Augustus Global Investment (AGI), a ...

Honeywell Collaborates Indonesian Firm to Improve Mission Readiness of Armed Forces

American corporation Honeywell has signed a memorandum of understanding (MoU) with Indonesian aerospace manufacturer PT Dirgantara Indonesia (PTDI) to improve mission ...

Indonesian Companies Sign Collaborate with Chevron for CCS/CCUS Development

PT Pertamina Hulu Mahakam (PHM), PT Pertamina Hulu Sanga Sanga (PHSS), and PT Pertamina Hulu East Kalimantan (PHKT) have signed confidentiality agreement with Chevron Energy ...

Indonesia Aspires to be the Global Hub of Muslim Fashion

According to Indonesia’s Ministry of Trade, the Southeast Asian country is set to emerge as the global center for Muslim fashion in 2024, aligning with its ongoing ...

South Korean Company to Construct Plasma Fractionation Plant in Indonesia

GC Biopharma, a South Korean biopharmaceutical company, recently started the construction of a plasma fractionation plant at the Jababeka Industrial Estate in Indonesia. This ...

Indonesia and Germany Collaborate in Green Transportation Development

Indonesia and Germany are joining forces to develop eco-friendly transportation systems, including bus rapid transit (BRT) in Semarang and Surabaya, as well as the ...

Indonesian and South Korean Telecommunications Companies Collaborate on Smart City Project

South Korean telecommunications company KT Corp., and its Indonesian counterpart Telkom Indonesia have recently inked a memorandum of understanding to collaborate on a smart ...

ADB Approves USD 650 Million Investment for Indonesia’s Health System

The Asian Development Bank (ADB) has approved an investment of USD 650 million for the upgrade of Indonesia’s primary healthcare facilities and public health ...

Singapore and Malaysia to Form Joint Special Economic Zone in 2024

During the 10th Singapore-Malaysia Leader’s Retreat held in Singapore in late October 2023, both countries announced the aim to sign a memorandum of understanding (MOU) for ...

Zespri Launches Global Hub in Singapore

Zespri, the world’s largest marketer of kiwifruit, has officially opened its new Centre of Sales and Marketing Excellence in Singapore. First established in 2015, the center ...

Leica Microsystems Opens USD 60 Million Facility in Singapore for Surgical Microscopes

In mid-October 2023, Leica Microsystems, a microscopy and scientific instrumentation company from Germany, announced the opening of its new USD 60 million medical ...

Singapore Embarks on Digital Bunkering Project

In mid-October 2023, the Singapore Maritime and Port Authority (MPA) announced the launch of a digital bunkering initiative, to be implemented on 1 November 2023, replacing ...

Singapore E-Waste Company Launches Battery Recycling Plant in the City-State

In late October 2023 Singapore E-Wate and Battery Recycling Company KGS officially launched its new battery recycling plant, the company’s first recycling plant and the third ...

Monetary Authority of Singapore Selects Finalists for the AI in Finance Global Challenge

In October 2023, the Monetary Authority of Singapore (MAS) unveiled the 19 finalists that would take part in the Artificial Intelligence (AI) in Finance Global Challenge, ...

Monetary Authority of Singapore Selects Finalists for the AI in Finance Global Challenge

In October 2023, the Monetary Authority of Singapore (MAS) unveiled the 19 finalists that would take part in the Artificial Intelligence (AI) in Finance Global Challenge, ...

Singapore to Provide Mental Health Services Under New National Strategy

A joint press release by the Ministry of Health (MOH) and the Ministry of Social and Family Development (MSF) in October 2023 announced the launch of a national mental health ...

Senoko Energy Opens First-ever Solar Energy Trading Platform in Singapore

Electric utility company Senoko Energy recently announced the launch of SolarShare 2.0, the first-ever commercially available peer-to-peer grid-scale solar energy trading ...

Explore Our Services