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
Vietnamese EV Manufacturer VinFast Expands to Indonesia, Targets Annual Production of 300,000 EVs
VinFast, the Vietnamese electric vehicle (EV) manufacturer under Vingroup, is advancing its plans to establish a manufacturing presence in Indonesia by the end of 2025. In a ...
Japan’s Nitori Group Sets Foot in Indonesia, Marking 10th Expansion in Asia
Nitori Holdings Co., Ltd., headquartered in Sapporo, northern Japan, has revealed plans to open an inaugural store in Indonesia. The goal is to speed up further store ...
Singapore’s Sembcorp to Pioneer Indonesia’s First Utility-Scale Solar and Energy Storage Project
Sembcorp Industries (Sembcorp) has revealed that its wholly-owned subsidiary, PT Sembcorp Renewables Indonesia, has established a joint venture with PT PLN Nusantara ...
Indonesia Collaborates with Australian Livestock Specialist on Food Security
The Ministry of Cooperatives and SMEs (Kemenkop UKM) is embarking in a cooperation with the Australian livestock company Austrex to enhance the governance of ...
Indonesia’s Electronics Specialist and Thales Form Joint Venture to Enhance Indonesian Defense
PT Len Industri and Thales celebrated a significant milestone in May 2024 with the signing of a joint venture agreement in Jakarta. The ceremony was attended by the Deputy ...
Indonesia Strengthens Workforce Collaboration with Switzerland
The governments of Indonesia and Switzerland have committed to pursuing stronger cooperation in the manpower sector, the Indonesian Manpower Minister stated after meeting ...
Japan-based Erex Signs MOU with a Vietnamese Locality to Facilitate Biomass Power Generation Projects
Erex, based in Tokyo, has entered into a Memorandum of Understanding (MOU) with Lao Cai Province of Vietnam to explore the development of new biomass power generation ...
Vietnam’s Retail Real Estate Market Attracts Foreign Players
Vietnam’s retail real estate market is flourishing in both scale and quality, with major city shopping centers maintaining occupancy rates above 90%, according to a ...
Nebula Energy’s Subsidiary AG&P LNG Collaborates with Vietnam to Develop an LNG Terminal
Nebula Energy’s Dubai-based subsidiary, AG&P LNG, along with its partner, Vietnam’s Hai Linh Company, has announced the commencement of commissioning ...
Sumimoto Seika Chemicals Constructs New Production Facility in Singapore
Japanese chemicals manufacturer Sumitomo Seika Chemicals Co., Ltd. has commenced construction of a new production facility on Jurong Island of Singapore. This new plant will ...
AWS Plans to Invest Over USD 8.5 billion in Singapore for Cloud Technology and AI
Amazon Web Services (AWS) recently announced plans to invest an additional SGD 12 billion (USD 8.86 billion) in its existing cloud infrastructure in Singapore from 2024 to ...
Singapore Army Starts Using a New Light Machine Gun
The Singapore Army has started outfitting its infantry units with a new light machine gun (LMG) designed for close-quarters combat. Specifically, the army has been gradually ...
South Korea’s Kakao Healthcare and Indonesian University Partner on AI-Powered Blood Sugar Management Solution
South Korean health-tech company Kakao Healthcare has entered into a memorandum of agreement (MOA) with Universitas Indonesia Hospital (RSUI) to collaborate on localizing and ...
South Korea’s K-water Plans to Construct a Water Treatment Facility in Indonesia
Korea Water Resources Corp. (K-water) has collaborated with Indonesia’s Ministry of Public Works and Public Housing to establish a water treatment facility in ...
Indonesia Launches Third Phase of New Capital Development
Indonesia has launched the third phase of the Nusantara Capital City (IKN) project, which includes 25 project packages such as the construction of the National Police and ...
Government Approves Three New SEZs, Aiming for USD 9.8 Billion Investment Value
The National Council for Special Economic Zones (KEK) in Indonesia has approved proposals for three new special economic zones (SEZs) in Batam, Tangerang, and Morowali. These ...
Vietnam An Attractive Investment Destination for Singapore Companies
Singaporean companies are increasingly looking towards Vietnam as a strategic destination amidst shifts in manufacturing, the green transition, and advancements in artificial ...
Vietnam Partners with Denmark and Australia to Foster Sustainable Agriculture
In May 2024, the Danish Minister for Food, Agriculture, and Fisheries, along with a delegation of Danish agri-food companies, visited Vietnam to engage in high-level ...
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