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

KDDI to Support the Philippines’ First Subway System

KDDI Philippines, a subsidiary of Japan’s KDDI, confirmed that it will deploy telecoms infrastructure for the country’s first subway transport network. The telco ...

Philippine Government Allots 20.9% of ICT Budget for Cybersecurity Projects

The Department of Budget and Management (DBM) in the Philippines is prioritizing cybersecurity as part of its digitalization efforts, allocating 20.92% of its PHP 2.5 billion ...

US Company to Support Private Network Rollout in Indonesia

Aviat Networks, a global provider of microwave transport and backhaul solutions headquartered in Texas, recently announced a strategic collaboration agreement with ...

Freeport Indonesia Inaugurated New Copper Smelter

Indonesia recently inaugurated Freeport’s expanded copper smelter in Gresik, East Java, coinciding with the government’s forthcoming permanent ban on copper ...

Malaysian Golf Specialist Enters Indonesia

Indonesian company Erajaya Active Lifestyle (ERAL) has forged a partnership with Malaysian golf specialist MST Golf to introduce golf retail to Indonesia, targeting the ...

South Korea to Develop Batam Airport as Indonesia’s Air Hub

The Incheon International Airport Corp. (IIAC), a state-run entity from South Korea, is ramping up efforts to bolster Hang Nadim International Airport in Batam, Indonesia, ...

US Company Works with Indonesia for Elimination of Cervical Cancer

It has been revealed that American company Crowell & Moring International (CMI) is working with the Indonesian Ministry of Health to develop a plan to eliminate cervical ...

Indonesian Government Advances Green Agenda with 50 MW Solar Power Plant for New Capital

The Indonesian government is advancing its goal of creating an environmentally friendly National Capital City (IKN) by prioritizing sustainable practices, including the ...

Indonesian Company Adds Energy-efficient Gas Tanker Ships from South Korea

Pertamina International Shipping (PIS), a sub-holding of Indonesian state-owned oil and natural gas corporation Pertamina engaged as an integrated marine logistics, has ...

Japan and Indonesia Enhance Trade and Collaboration

As revealed by Indonesia’s Foreign Minister, Japan and Indonesia have agreed to eliminate trade barriers and boost cooperation across multiple sectors. The agreement ...

Indonesia Finalizes Purchase of 42 French Rafale Fighter Aircraft

The Defense Ministry of Indonesia has confirmed signing a contract to procure an additional 18 Rafale fighter jets from France, marking the completion of the 2022’s order for ...

Indonesia Seeks Dutch Expertise to Advance Agriculture Startups

The Minister of Cooperatives and Small and Medium Enterprises affirmed that the Indonesian government is prepared to partner with universities and business incubators from ...

NEFIN Chosen for USD 27.5 million Solar Farm Project in Malaysia

NEFIN, a Hong-Kong-based green independent power producer has been chosen as one of the Solar Power Producers for the Corporate Green Power Programme (CGPP) by the Energy ...

Penang to reintroduce Waste Segregation at Source Policy

Penang state, through its city councils – Penang Island City Council (MBPP) and Seberang Prai City Council (MBSP), is set to reintroduce the Waste Segregation at Source ...

Novugen Oncology Earns USFDA Approval for High-Potency Drug Manufacturing in Malaysia

Malaysian pharmaceutical company, Novugen Oncology Sdn Bhd has secured approval from the US Food and Drug Administration (USFDA) for its specialized manufacturing facility ...

YTL Power to Collaborate with Nvidia to Build AI Infrastructure in Malaysia

Malaysian utility firm YTL Power International Bhd and US’s technology giant NVIDIA are partnering to establish state-of-the-art AI infrastructure in Malaysia. This ...

Malaysia and Indonesia Forge Landmark Telecom Partnership for Digital Advancement

Malaysia’s Persatuan Penyedia Infrastruktur Telekomunikasi Malaysia (PPIT) and Indonesia’s Asosasi Pengembang Infrastruktur dan Menara Telekomunikasi (ASPIMTEL) ...

Careplus and Go Auto’s Joint Venture to Build USD 127 Million GreenTech Facility for Electric Vehicle Production

Malaysia’s Careplus Group Bhd, a medical device manufacturer, and Go Auto Group Sdn Bhd, a local automotive importer, are collaborating through their joint venture, ...

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