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
Kuraray to Invest in New Production Facility in Singapore
Japanese plastic maker Kuraray has announced a strategic investment to establish a new production facility for EVOH (ethylene-vinyl alcohol copolymer) resin at Kuraray Asia ...
New Future Energy Fund in Singapore
Singapore is set to establish the Future Energy Fund by the end of 2024, a strategic initiative aimed at supporting the country’s shift toward a sustainable and ...
Singapore’s GDP Forecast to Grow by 2.4% in 2024
The Monetary Authority of Singapore’s (MAS) recent survey forecasts a 2024 economic growth rate of 2.4% for Singapore, slightly up from the previous estimate of 2.3%, and ...
GE Vernova To Supply Electric Propulsion Systems for Singapore Navy’s Multi-Role Combat Vessel Program.
GE Vernova’s Power Conversion business has secured a contract with ST Engineering Marine Limited to provide Integrated Full Electric Propulsion (IFEP) systems for the ...
Update to the Singapore Aquaculture Plan (SAP) Planned in 2024
Singapore’s “30 by 30” vision aims to enhance food resilience by sustainably producing 30% of the nation’s nutritional needs by 2030, addressing ...
Indonesia Issues New Guidelines to Drive Rooftop Solar Adoption
The Ministry of Energy and Mineral Resources has taken a strategic step to enhance the implementation of Rooftop Solar Power Plants (PLTS) by issuing Regulation Number 2 of ...
Indonesian Vice President Calls for Collaboration in Halal Industry with New Zealand
During a meeting held in Auckland in March 2024, the Vice President of Indonesia urged stakeholders in New Zealand’s halal industry to strengthen collaboration with ...
US Firm Lands Contracts for Maritime Patrol Aircraft Services in Indonesia
Integrated Surveillance and Defense (ISD), a US-based firm, has been awarded a contract by the US Navy to enhance three maritime patrol aircraft (MPA) for the Indonesian ...
Indonesian Fisheries Industry Pursues Increased AI Integration
Indonesia aims to modernize its fisheries sector to meet the growing demand for farmed seafood and capture a larger share of the lucrative global markets, valued at USD 421 ...
Thermo Fisher Scientific Expands Local Operations in Indonesia
Thermo Fisher Scientific, an American supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology ...
Singaporean Digital Infrastructure Company Partners with Indonesian Conglomerate to Build Data Center in Indonesia
BW Digital, a subsidiary of the Singapore-based BW Group, and Citramas Group, an Indonesian conglomerate, have announced a partnership to develop a carrier-neutral digital ...
Consortium of Oil and Gas Companies Selected for LNG Infrastructure Project in Indonesia
A consortium consisting of AG&P LNG, Suasana Benua Sukses, and KPM Oil and Gas, all operating within the energy sector, has secured a 20-year contract for the development ...
South Korea’s CMG Pharmaceutical Set to Enter the Vietnamese Cosmetics Market
With a focus on young Vietnamese consumers, South Korea’s CMG Pharmaceutical is preparing to enter the Vietnamese cosmetics market. The pharmaceutical company, known for its ...
Dutch Company to Build New Semiconductor Component Plant in Vietnam
In March 2024, VDL ETG, the high-tech cluster of VDL Groep, ratified cooperation with Frasers Property for the construction of a new facility in Vietnam to make semiconductor ...
Dutch Shipping Company APM Terminals Strengthens Collaboration for Terminal Development in Vietnam
During a trade mission of Dutch copmanies to Vietnam, APM Terminals and Hateco Haiphong International Container Terminal (HHIT), a fully owned subsidiary of Hateco Group, ...
South Korea’s Hanwha Life to Support Training for ICT and Fintech in Vietnam
South Korea’s Hanwha Life recently inked a memorandum of understanding with its local collaborator, the Vietnam-Korea University of Information and Communication ...
South Korea’s Genuone Sciences Strengthens Business Presence in Vietnam
South Korea’s pharmaceutical company Genuone Sciences has recently formed a partnership with Vietnam’s pharmaceutical manufacturer Imexpharm in a strategic move to expand its ...
Dutch Hollow Fiber Nanofiltration Specialist to Advance Sustainable Water Solutions in Vietnam
Dutch hollow fiber nanofiltration technology specialist NX Filtration recently announced the signing of two agreements aimed at advancing sustainable water solutions in ...
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