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

PT Royal Express Indonesia and Weyland Tech Inc. Launch Pilot Program

Mar 2019 Indonesia, ICT

Weyland Tech Inc. and ‘Last-Mile’ Delivery Partner, PT Royal Express Indonesia (“REX”) announces update on its strategic partnership. The companies are implementing a pilot ...

Chinese Fintech Company Commences Operations in Indonesia

Mar 2019 Indonesia, ICT

OneConnect, a subsidiary of China-based Ping An insurance group commenced operations in Indonesia on 20 February. OneConnect is a Fintech SaaS provider of advanced ...

iPhone Manufacturer Commencing Operation in Batam, Indonesia

Mar 2019 Indonesia, Manufacturing

Pegatron Corporation, an Apple’s iPhones manufacturer, is looking to start production in April this year after it confirmed the rental of a 2-hectare factory in Riau Islands ...

Indonesia opens up Universities and Hospitals to Foreign Investment

Mar 2019 Indonesia, Healthcare

The Investment Coordination Board (BKPM) of Indonesia revealed that government is considering revising its Negative List (Daftar Negatif Investasi) to allow foreigners to ...

Indonesia and UK Sign Low Carbon Energy MoU

Mar 2019 Indonesia, Environment

On 20 February 2019, the United Kingdom and Indonesia signed a Memorandum of Understanding (MoU) on low carbon Energy development. Under the MoU, the UK will provide a USD ...

Indonesia and Australia Sign Economic Partnership Agreement

Mar 2019 Indonesia, Economy

On 4 March 2019, Indonesia and Australia signed the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). Indonesia, which is expected to be the world’s ...

IFC Approves USD 275 Million Loan to Indonesia’s Trans Corp

Mar 2019 Indonesia, Retail/FMCG

International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of USD 275 million to PT Trans Corpora (Trans Corp), a wholly owned ...

Construction of New Jakarta Airport to Start in 2021

Mar 2019 Indonesia, Infrastructure

The state-owned airport operator, PT Angkasa Pura II, plans to build a new greenfield airport in Jakarta starting 2021. It is estimated that Indonesia would invest as much as ...

British Energy Firm BP Enters Indonesia’s Avtur Market

Mar 2019 Indonesia, Defense/Aerospace

PT AKR Corporindo, Indonesia’s logistics and supply chain company operating in fuel and basic chemical distribution, has entered a joint venture with British Energy Firm BP ...

Vietnamese Airlines to be Permitted to Establish Direct Services to the US

Feb 2019 Vietnam, Defense/Aerospace

In February 2019, the US Department of Transportation’s Federal Aviation Administration (FAA) granted a Category 1 safety rating to Vietnam, based on an assessment of the ...

Vietnam Proposing Tax Cuts on Locally Made Auto Parts

Feb 2019 Vietnam, Manufacturing

The Ministry of Finance in Vietnam has sent in a ministry document (655/BTC-CST) to the prime minister requesting a change in laws to remove the special consumption tax on ...

Vietnam Marks its First Robotically Assisted Brain Surgery

Feb 2019 Vietnam, Healthcare

Nhan Dan 115 hospital in Ho Chi Minh City, Vietnam has successfully carried out the surgery on February 15 by Doctor Si and his colleagues, with the support of the vice ...

Two New Wind Power Projects Approved in Vietnam’s Quang Tri Province

Feb 2019 Vietnam, Energy

Two companies have obtained approval from the provincial government to develop wind power projects in Quang Tri Province in Vietnam. Huong Phung Wind Power Company Limited ...

Plans for Undersea Tunnel to Ease Traffic Issues in Ha Long City

Feb 2019 Vietnam, Infrastructure

The People’s committee in Quang Ninh, a northern province in Vietnam, plans to construct an underseas tunnel to ease traffic congestion, increase connectivity and improve ...

Japanese Investment Firm Acquires Vietnamese Fashion Brand

Feb 2019 Vietnam, Retail/FMCG

Elise Fashion Limited, one of Vietnam’s top fashion brands for women and its affiliate brands were acquired by Advantage partners, a Japanese investment firm and its ...

Ho Chi Minh City Safeguards the Environment

Feb 2019 Vietnam, Environment

According to a report in Vietnam News, the government of Ho Chi Minh City has taken multiple steps to improve Environmental conditions this year under their Environment plan ...

Ho Chi Minh City Makes Progress on Smart City Plans

Feb 2019 Vietnam, ICT

The Ho Chi Minh city authorities are starting to celebrate initial successes after one year of implementation of the smart city project. The project aims to address problems ...

Companies Relocating from China Boosting Jobs in Vietnam, Report Says

Feb 2019 Vietnam, Economy

Recruitment demand in Vietnam is set to increase as company relocations from China to Vietnam rise. This particularly concerns demand for senior positions in real estate and ...

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