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

Indonesia, Singapore Cooperates in the Blue Carbon Research Project

Indonesia and Singapore plan to collaborate on a study of carbon collected and stored by coastal and marine ecosystems. The blue carbon project's findings might help ...

Indonesia Pushes Sorghum and Corn Production to Improve Food Supplies

The Indonesian government is working on a multi-year program to increase sorghum and corn production to ensure food supply and as an alternative to wheat, as the Ukraine ...

Indonesian Navy Acquires New Hospital Ship

The Indonesian Navy (TNI AL) took possession of the second of three hospital ships, the KRI Dr. Rajiman Wedyodiningrat-992, in Surabaya, East Java, after the state-owned ...

Indonesia and DP World Funds Malacca Straits’ Port Expansion

The Indonesian state-owned port operator, Pelabuhan Indonesia (Pelindo), as well as a partnership comprised of the country's sovereign wealth fund and logistics business, DP ...

Petronas and South Korean Conglomerates Announce Collaboration to Establish CCS Value Chain

Malaysia is pursuing an ambitious initiative to advance the region's carbon capture and storage (CCS). National energy firm Petronas has inked a Memorandum of Understanding ...

Malaysia to Announce EV Infrastructure Development Guidelines by End 2022

In support of Malaysia’s decarbonization efforts, Prime Minister Datuk Seri Ismail Sabri Yaakob has unveiled the electric vehicle (EV) infrastructure development guidelines ...

Japan-Headquartered Ferrotec Holdings to Open Manufacturing Facility in Kedah

Electronics components manufacturer Ferrotec Holdings Corporation has announced the construction of its new manufacturing facility in Kulim Hi-Tech Park, Kedah, following its ...

IWK, EMB to Lead Innovation in Creating Biofuels from Wastewater

Indah Water Konsortium Sdn Bhd (IWK), Malaysia's national sewerage company, signed a memorandum of understanding (MoU) to work with EMB Business Sdn Bhd, a green technology ...

Invo Bioscience Launches INVOcell and IVC in Malaysia’s Leading Fertility Centre

Invo Bioscience Inc, a US-headquartered medical device firm specializing in commercial-stage fertility, has expanded the worldwide access of its INVOcell ® medical device and ...

Malaysian Bulk Carriers to Diversify into Grocery Business

Malaysian Bulk Carrier, Berhad (MAYBULK) has entered into a conditional agreement with leading retail group Tunas Manja Sdn Bhd (TMSB) to explore opportunities in the grocery ...

Malaysia Seeks to Improve Cybersecurity and Prevent Economic Losses

Malaysia continues to prioritize cybersecurity as it works to improve its standing as a regional leader in the digital economy. According to Datuk Abdul Halim Abdul Rahman, ...

Malaysia Aviation Group to Procure A330neo Aircraft For Fleet Modernization

Malaysia Aviation Group (MAG), the parent firm of Malaysia Airlines, inked a memorandum of understanding in August 2022 with Airbus, Rolls Royce, and Avalon for its modern ...

FGV, Bernas to Formulate Native Chicken Feed and Boost Chicken Production

Two Malaysian firms, namely, FGV Holdings Bhd, a leading agribusiness and food producer, and Bernas, one of the largest rice suppliers in the country, have formed joint ...

Tesla Secures USD 5 Billion Contract to Buy Nickel Products in Indonesia

American automaker, Tesla, has signed contracts worth billions of dollars with nickel processing businesses in Indonesia to purchase ingredients for its batteries. Indonesia, ...

Flagship Stores Booming in Vietnam

Uniqlo, a Japanese clothing retailer, recently opened a new store at Saigon Center in HCM City in April 2022. This is its 11th outlet in Vietnam since 2019, spreading over ...

Samsung to Begin Manufacturing Semiconductor Parts in Vietnam

Samsung has just announced that it will commence mass-producing its ball grid array products at its factory in northern Thai Nguyen Province in July 2023, and it is currently ...

Vietnam´s Most Expensive Airport to Be Operational from 2025

Vietnam is constructing the Long Thanh Airport, is expected to cost USD 16 billion. The airport, built to accommodate 100 million passengers and 5 million tons of cargo ...

Vietnam Applies Artificial Intelligence for Petroleum Exploration

The Vietnam Petroleum Institute (VPI), a member of the Vietnam Oil and Gas Group (PetroVietnam), is applying artificial intelligence (AI) and machine learning in petroleum ...

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