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

Malaysia Moving Towards Liberalization of Natural Gas Market

Jul 2019 Malaysia, Energy

Malaysia is moving towards liberalizing its natural gas market with just one price review away to achieve market-based gas pricing this year. This was shared by Adif ...

EcoWorld and PowerChina Partner for Infrastructure Development in Malaysia

Jul 2019 Malaysia, Infrastructure

Eco World Development Group Berhad and PowerChina Group are collaborating on two large industrial and Infrastructure projects. The move is said to strengthen bilateral ...

Three SOEs Form Partnership to Develop Industrial Estates in Sebang

Jul 2019 Indonesia, Infrastructure

Construction firm PT Wijaya Karya (Wika), Manufacturing company PT Rajawali Nusantara Indonesia (RNI) and plantation company PT Perkebunan Nusantara VIII (PTPN VIII) have ...

PT Lloyd Pharma Indonesia Signs Licensing Agreement for HIV Drugs

Jul 2019 Indonesia, Healthcare

San Diego, California-based Viriom Inc. signed a licensing agreement with PT Lloyd Pharma Indonesia for Elpida as well as other drugs from Viriom’s HIV (human ...

NTT Announces Plans to Develop Largest Data Center in Indonesia

Jul 2019 Indonesia, ICT

NTT Com, the communications subsidiary of the Japanese ICT giant, NTT Group, will build a four-story, 194,000 square feet data center campus near Jakarta. Dubbed the ...

Japan’s INPEX Obtains Approval for Development of LNG Project in Indonesia

Jul 2019 Indonesia, Energy

Japanese oil exploration and production company, INPEX, through its subsidiary INPEX Masela (51.93% held by Inpex), received official approval on 16 July from the Indonesian ...

Indonesian Coffee Business Startup Raises USD 20 Million

Jul 2019 Indonesia, Retail/FMCG

Indonesian startup, Kopi Kenangan raised USD 20 million from Sequoia India in June 2019. Previously in October 2018, the company raised USD 8 million in seed funding in a ...

Indonesia Implementing A Variety of Tax Breaks to Boost GDP Growth

Jul 2019 Indonesia, Economy

Indonesia is implementing a comprehensive set of tax measures aimed at boosting investment, and stimulating economic growth, amid signs that the government's 5.3% growth ...

Indonesia and South Korea Collaborate on Water Management

Jul 2019 Indonesia, Environment

Indonesian State-Owned Enterprise Perum Jasa Tirta II (PJT II) signed an agreement with Korea Water Resources Corporation (K-Water), establishing a partnership concerning ...

Hyundai and Toyota Investing in Electric Vehicle Production in Indonesia

Jul 2019 Indonesia, Manufacturing

Toyota Motor Corp will invest USD 2 billion to manufacture Electric Vehicles (EVs) in Indonesia over the next four years, starting with hybrid vehicles to gradually ...

Garuda Indonesia to Use Drones for Cargo Transportation

Jul 2019 Indonesia, Defense/Aerospace

Garuda Indonesia (Garuda), the national airline of Indonesia, has announced plans to set up a fleet of 100 unmanned aircraft or drones for cargo transportation within the ...

Vingroup Starts Construction on its Second Smartphone Factory in Hanoi

Jun 2019 Vietnam, Manufacturing

Vingroup JSC, one of Vietnam’s largest real estate, tech and retail conglomerates has started construction on its Hanoi based smartphone factory. The VinSmart factory will be ...

Vietnam Launches ICT Reference Framework for Smart Cities

Jun 2019 Vietnam, ICT

The Vietnamese Ministry of Information and Communications launched version 1.0 of an ICT reference framework for the development of smart cities in June 2019. The reference ...

Vietnam Airlines to Build Aviation Logistics Center in Can Tho

Jun 2019 Vietnam, Defense/Aerospace

Vietnam Airlines is planning to build an aviation logistics center in the southern city of Can Tho on 27 hectares of land. The center will be located next to Can Tho ...

USD 162 Million Port Complex Approved for Quang Ngai Province

Jun 2019 Vietnam, Infrastructure

Hoa Phat multipurpose port company has received approval from the Dung Quat Economic Zone (EZ) and Quang Ngai Industrial Parks (IPs) Authority to construct a large port ...

Two New Solar Power Plants Operational in Tay Ninh Province

Jun 2019 Vietnam, Energy

TTC Group and Gulf Energy Group (Thailand) inaugurated two solar power plants in Thanh Thanh Cong Industrial Zone in Trang Bang district, Tay Ninh province, Vietnam. Spread ...

Nine Consumer Goods and Packaging Companies Form Recycling Foundation in Vietnam

Jun 2019 Vietnam, Environment

On 21 June, nine companies operating in the consumer goods and packaging industries in Vietnam came together to launch the coalition Packaging Recycling Organization ...

Nielsen Reports Positive FMCG Sales Growth in Vietnam

Jun 2019 Vietnam, Retail/FMCG

According to a recent Nielsen study named “What’s Next for South-East Asia”, Southeast Asian convenience stores recorded an 8.3% FMCG sales growth last year, with Vietnam ...

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