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

Sabah to Host New Aerospace Training Center

May 2019 Malaysia, Defense/Aerospace

The state of Sabah in Malaysia will host the country’s first and only aircraft maintenance technician training center when the proposed MYR 25 million (USD 5.99 million) KKIP ...

Nestle Malaysia Announces MYR 220 Million of Capital Expenditure

May 2019 Malaysia, Manufacturing

Nestle Malaysia Bhd announced capital expenditure (capex) of MYR 220 million (USD 52.75 million) for the current year, with the majority, MYR 100 (USD 23.98 million), ...

Maxis Launches First Commercial Narrowband-IoT Service in Malaysia

May 2019 Malaysia, ICT

Maxis has launched Malaysia’s first commercial Narrowband Internet of Things (NB-IoT) service. Starting from April 2019, the company activated its NB-IoT network within key ...

Malaysian PM Announces Plans for One-Stop Center to Attract FDI

May 2019 Malaysia, Economy

Tun Dr Mahathir Mohamad, the Prime Minister of Malaysia, announced he is planning to set up a one-stop center to ease the approval process for investments and reduce red tape ...

Malaysian Government Planning Water Resources Bill to Reduce Pollution

May 2019 Malaysia, Environment

The Ministry of Water, Land and Natural Resources in Malaysia is planning a comprehensive Water Resource Bill to tackle water pollution. The national level bill is meant to ...

Malaysia’s Petronas acquires Amplus Energy Solutions

May 2019 Malaysia, Energy

Petronas, a Malaysian state-owned oil and gas company, has entered into an agreement with I Squared Capital, a leading global Infrastructure investor, to acquire 100% ...

KPJ Healthcare to Expand Hospital with MYR 200 Million Investment

May 2019 Malaysia, Healthcare

KPJ Healthcare, leading healthcare group in Malaysia announced MYR 200 million (USD 47.95 million) expansion plans, including a new hospital tower for KPJ Tawakkal Specialist ...

Harvey Norman Expands Footprint in Malaysia

May 2019 Malaysia, Retail/FMCG

Australia-based MNC retailer of furniture, bedding, computers, communications and consumer electrical products, Harvey Norman has opened a new outlet in Miri, Sarawak on the ...

Veolia Establishes Largest PET Recycling Factory in Indonesia

May 2019 Indonesia, Environment

Veolia Services Indonesia, the France-based global waste management company, is building the largest polyethylene terephthalate (PET) or bottle-to-bottle recycling and ...

Thales Inks MoU with PT Len for Radar Collaboration in Indonesia

May 2019 Indonesia, Defense/Aerospace

Thales and PT Len have signed a Memorandum of Understanding (MOU) to collaborate on radar development for the Indonesian military. The MoU also extends the collaboration to ...

Sinomach to Open Ferronickel Plant in Indonesia

May 2019 Indonesia, Manufacturing

Chinese state-owned firm, Sinomach, also known as China National Machinery Industry Co, has finalized its plan to build a 80,000 tons ferronickel plant in Indonesia. The ...

Indonesian Rail Project Expects USD 18 Billion from Satellite Towns

May 2019 Indonesia, Infrastructure

The Indonesian-Chinese consortium building a high-speed rail link between the capital Jakarta and Bandung, a textiles hub, expects to earn USD 18 billion from developing four ...

Indonesia Launches Sharia Economy Masterplan

May 2019 Indonesia, Economy

In May 2019, Indonesia launched the 2019-2024 Sharia Economy Masterplan, as part of the country’s national economic development initiative. The government has underlined four ...

Coca-Cola Amatil Supported Accelerator Launches in Indonesia

May 2019 Indonesia, Retail/FMCG

Coca-Cola Amatil (CCA), one of the world’s larger bottlers of The Coca-Cola Company range, has announced plans to expanding its start-up accelerator platform Amatil X to ...

Bali Aims to Capture Wellness and Health Tourism Potential

May 2019 Indonesia, Healthcare

Acknowledging the exponential growth of global wellness tourism, the Bali administration is currently aiming to expand the island’s health tourism with supportive ...

Amazon Web Services Opening New Region in Indonesia

May 2019 Indonesia, ICT

Amazon Web Services (AWS) has decided to open a new Infrastructure region in Indonesia by the end of 2021 or early 2022. The opening of an AWS Infrastructure region in ...

ADB Grants USD 305M to Largest CCGT Power Plant in Indonesia

May 2019 Indonesia, Energy

The Asian Development Bank (ADB) announced the first drawdown of funds under a private sector financing package totaling more than USD 305 million invested in Jawa-1, which ...

VinFast Partners LG Chem for Producing Vehicle Batteries

Apr 2019 Vietnam, Manufacturing

Vinfast has established a joint venture with LG Chem to produce battery packs for Vinfast's currently under-production electric scooters, and in the future for electric ...

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