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

National Fiberization and Connectivity Plan to Enhance Digital Infrastructure in Malaysia

Oct 2019 Malaysia, ICT

On 19 September, the Malaysian government officially launched the National Fiberization and Connectivity Plan (NFCP) to provide robust, sustainable, high quality and ...

Malaysian Nestle’s Factory Becomes the World’s Largest Milo Manufacturing Site

Oct 2019 Malaysia, Manufacturing

Nestle (Malaysia) Bhd’s factory at Chembong has been transformed into the world’s largest Milo Manufacturing plant while making it also the largest global center of ...

Malaysia to Create Two Aerospace Institutions over the Next Decade

Oct 2019 Malaysia, Defense/Aerospace

Malaysia is planning to build at least two aerospace and aviation institutions in the next decade as the government seeks to fill the demand for talent from the fast-growing ...

Lao-Thailand-Malaysia Project Enhances ASEAN Cross-Border Power Trade

Oct 2019 Malaysia, Energy

Three ASEAN countries, namely Lao People Democratic Republic (PDR), Thailand and Malaysia (LTM) confirmed an increase in the maximum committed Energy capacity trading of the ...

JCorp’s Subsidiary to Spend MYR 20 Billion on Digital Healthcare Solution

Oct 2019 Malaysia, Healthcare

NewWave Health Sdn Bhd (NHSB), a joint venture company between state-owned Johor Corporation’s (JCorp) subsidiary, N2W Corporation Sdn Bhd (NCSB) and UK-based Smartmed Global ...

Connell Acquires Inno-Cosmic and Nation Maple in Malaysia

Oct 2019 Malaysia, Retail/FMCG

Connell, a US-headquartered leading marketer and distributor of specialty chemicals recently bought Inno-Cosmic Sdn Bhd and Nation Maple, two distributors of instant beverage ...

World Bank Invests USD 150 Million for Geothermal in Indonesia

Oct 2019 Indonesia, Energy

The World Bank’s Board of Executive Directors has approved a USD 150 million loan for Indonesia to scale up investments in geothermal Energy by reducing the risks of ...

KF-X Fighter Prototype from Joint Korean-Indonesian Program to be Unveiled in 2021

Oct 2019 Indonesia, Defense/Aerospace

Korean Aerospace Industries (KAI) is planning to roll out the first Korean Fighter eXperimental/ Indonesian Fighter eXperimental (KF-X) fighter aircraft prototype by the ...

Indonesia-UAE to Establish Sovereign Wealth Fund

Oct 2019 Indonesia, Infrastructure

Indonesia and the United Arab Emirates (UAE) are set to establish a sovereign wealth fund (SWF) that can be used for Infrastructure development. This also includes the ...

Indonesian Ride Hailing Unicorn Gojek Launches Video Streaming Platform

Oct 2019 Indonesia, ICT

Gojek, an Indonesian ride-hailing and payments firm, has launched a video streaming service called GoPlay featuring original movies and TV shows. Subscriptions for GoPlay ...

Indonesian Digital Sales and Marketing Company Raises USD 3 Million

Oct 2019 Indonesia, Retail/FMCG

Pomona, an Indonesian provider of marketing and digital sales solutions for the packaged consumer goods and fast-moving consumer goods sector, has successfully closed a USD 3 ...

EU Provides USD 16 Million Grant to Indonesia to Improve Trade

Oct 2019 Indonesia, Economy

The European Union (EU) has granted Indonesia USD 16.37 million (IDR 232 billion) through a four-year program called ARISE+. The program aims to boost the country’s export ...

Black & Veatch to Develop Alumina Refinery in Indonesia

Oct 2019 Indonesia, Manufacturing

PT Borneo Alumina Indonesia (PT BAI) has appointed a Black & Veatch-led project management consortium (PMC) to develop an alumina refinery in West Kalimantan. The ...

AEPW and Project STOP to Develop Circular Waste Management Systems in Indonesia

Oct 2019 Indonesia, Environment

The Alliance to End Plastic Waste (AEPW) has entered a partnership with Project STOP to further scale up the development of more sustainable and circular waste management ...

82% of Indonesian Households Lead Unhealthy Lifestyle

Oct 2019 Indonesia, Healthcare

The Health Minister of Indonesia, Dr. Nila F Moeloek, has shared the results of a recently conducted family survey revealing that the lifestyles of 82% of Indonesian ...

Vietnam’s First Citywide IoT Network Activated in Ho Chi Minh City

Sep 2019 Vietnam, ICT

Vietnam's largest telecom operator, Viettel, has installed and activated around 1,000 Narrow Band – Internet of Things (NB-IoT) broadcasting stations in Ho Chi Minh City, ...

Vietnam’s 2021-2030 Development Strategy to Focus on Technology and Market Economy

Sep 2019 Vietnam, Economy

The government of Vietnam recently released its Vietnam Development Strategy draft for 2021-2030, which emphasizes the country’s need to transform into a modern market ...

Vietnam to Start Prioritizing Green FDI Projects

Sep 2019 Vietnam, Environment

According to Decision 50-NQ/TW issued by Vietnam's Politburo, the country will prioritize selecting investments which employ Environment friendly and modern ...

Explore Our Services