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
Vietnam Unveils USD 136 Billion Plan to Expand Power Capacity by 2030
Vietnam has announced an ambitious plan to increase its total installed power generation capacity to between 183 and 236 gigawatts by 2030, up from over 80 GW at the end of ...
AEON Vietnam Breaks Ground on USD 47 Million New Shopping Mall
Japanese retail giant AEON Vietnam has commenced construction on a new shopping center in Hai Duong province, marking its continued expansion in Vietnam. With an investment ...
AirTrunk Establishes Malaysia’s Largest Recycled Water Initiative for Data Centers
Asia Pacific & Japan-based hyperscale data center operator AirTrunk has partnered with Johor Special Water (JSW), the state-owned water utility of Johor, to implement a ...
Shizen Malaysia and Local Partners Secure MIDA Green Incentive for Kedah Solar Project
Japanese renewable energy developer Shizen Malaysia Sdn Bhd, a subsidiary of Shizen Energy Inc., along with its Malaysian partners Solarvest Holdings Berhad and HSS ...
Malaysia Finalizes Free Trade Deal with Iceland, Liechtenstein, Norway and Switzerland
Malaysia and the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland have successfully concluded negotiations for the ...
UAE’s Bin Zayed International Invests USD 500 million Sustainable Aviation Fuel Refinery in Malaysia
UAE-based Bin Zayed International Group (BZI) and Malaysia’s FatHopes Energy (FHE) have announced a landmark partnership with a MYR 2.19 billion (USD 500 million) investment ...
US’s Pursell Agri-Tech Launches Advanced Fertilizer Coating Facility in Malaysia
Alabama-based Pursell Agri-Tech has joined forces with Wastech Group, a Malaysian leader in integrated agricultural and landscaping solutions, to establish a fertilizer ...
A Multi-Specialty Tertiary Medical Center to Be Developed in Malaysia
Putrajaya Holdings Sdn Bhd, the master planner of Malaysia’s administrative capital, has collaborated with Sunway Healthcare Holdings Sdn Bhd, the healthcare division of ...
Malaysia Unveils National Blockchain Infrastructure to Drive Cross-Sector Innovation
MIMOS Berhad, Malaysia’s national applied R&D center under the Ministry of Science, Technology and Innovation (MOSTI), has partnered with MY E.G. Services Berhad (MYEG) ...
Malaysia Builds USD 105 Million Inland Port to Boost Trade with China and Thailand
Malaysia is developing a new inland port in the northern state of Perlis with an investment of MYR 492 million (USD 105 million) to strengthen trade and regional rail ...
Audi Expands ASEAN Footprint with New Assembly Plant in Malaysia
Audi has officially resumed vehicle production in Malaysia, beginning with the local assembly of its flagship Q7 SUV at the DRB-HICOM plant in Pekan, Pahang state, marking ...
Malaysia’s Value Retailer Eco-Shop Sets USD 1.6 Billion IPO to Accelerate Regional Expansion
Eco-Shop Marketing Bhd, among Malaysia’s fastest expanding and biggest value retail chains, is gearing up to go public on Bursa Malaysia, marking what is expected to be the ...
South Korean Cosmetic Company Expands Thai Plant to Triple Output by 2026
South Korean cosmetics company Cosmax has begun constructing a new production facility for its Thai subsidiary in Bang Phli, Thailand, with an investment of approximately USD ...
New Food Technology Center Launched in Thailand
CPRAM, a prominent Thai company in the ready-to-eat food sector, has launched the first phase of its Food Technology Exchange Center (FTEC), supported by an initial ...
Investment to Thailand Surges in Q1 2025, Thanks to the Digital and Electronics Sectors
Thailand’s Board of Investment (BOI) reported a notable rise in investment activity during the first quarter of 2025, with applications totaling approximately USD 11.8 ...
Solar-powered Smart Pier Launched in Thailand to Advance Sustainable Mobility
Thailand’s Ministry of Transport officially opened the Rama VII Smart Pier, a solar-powered facility located in Bang Kruai District, Nonthaburi. The pier is part of a ...
Novo Nordisk’s Obesity Drug Launched in Thailand
Novo Nordisk has introduced its weight-loss drug Wegovy in Thailand, marking the medication’s first launch in Southeast Asia. First released in 2021, Wegovy significantly ...
South Korea’s KT Corp Develops Thai Large Language Model
South Korea’s KT Corp., in partnership with Thai IT firm Jasmine Technology Solution (JTS), has developed a large language model (LLM) platform specifically designed for the ...
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