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
Unilever Expands Local Manufacturing in the Philippines
Unilever Philippines has announced plans to enhance its local manufacturing capabilities and supply chain strategies, reaffirming its commitment to the Philippine market. The ...
Foreign Retailers Expand Across the Philippines
Foreign brands are increasingly entering the Philippine retail market, particularly in provincial areas, as they set up shop in new retail centers like Megaworld’s Upper East ...
UK-Based Marine Energy Company to Develop Indonesia’s First Tidal Energy Plant
HydroWing, the tidal energy division of the UK-based Inyanga Marine Energy Group, has entered into a binding agreement with one of Perusahaan Listrik Negara’s (PLN) ...
Indonesian and Japanese Companies Form Joint Venture for Green Ammonia Production
Toyo Engineering Corporation (Tokyo) has entered into a Shareholder Agreement (SHA) with Pupuk Indonesia Holding Company (PIHC), a state-owned Indonesian fertilizer firm, and ...
Australian Companies Invest in Indonesia’s Technology Sector
Nineteen Australian companies have shown interest in investing in Indonesia’s technology sector, according to the Indonesian Minister of Communication and Digital ...
Indonesia to Acquire Two Italian PPA-Class Warships
Indonesia has successfully obtained a loan to purchase two Thaon de Revel-class PPA (Pattugliatore Polivalente d’Altura) multi-role offshore patrol vessels from the Italian ...
Canadian Beef Industry Marks Milestone with Indonesia Trade Agreement
Canada’s national cattle industry organization has expressed support for the newly concluded trade agreement with Indonesia, highlighting its potential to create new ...
Team Sweden and Indonesia Set 2025 Agenda for Sustainable Healthcare Collaboration
In a continued effort to strengthen healthcare ties, Team Sweden, a collaboration of the Swedish Embassy, Business Sweden, and various Swedish companies, is working closely ...
Indonesia’s Star Energy Geothermal Partners with US Company for Generative AI and Cloud Solutions
Indonesian geothermal developer Star Energy Geothermal, a subsidiary of Barito Renewables Energy (BREN), has teamed up with US-based IT firm Kyndryl to enhance its operations ...
ADB and Singapore’s TBS Partner for Sustainable Transportation in Indonesia
The Asian Development Bank (ADB) has partnered with Singapore-affiliated PT TBS Energi Utama (TBS) to advance sustainable transportation in Indonesia. The initiative focuses ...
Singapore’s EliTe Solar Launches New Solar Cell Facility in Indonesia
Singapore-based solar manufacturer EliTe Solar has officially launched a high-efficiency solar cell production facility in Indonesia, marking a significant expansion into the ...
Korean Fried Chicken Chain BHC to Open First Indonesian Outlet in 2025
Korean fried chicken brand BHC is set to enter the Indonesian market in early 2025, marking its debut in the country. Dining Brands Group, the company behind BHC, confirmed ...
FILA Launches in Malaysia with Three New Stores
FILA has officially launched its presence in Malaysia with the opening of three stores within a month, marking a significant entry into the local market. The first store ...
Hyundai Motor Partners with INOKOM for Automotive Assembly Investment in Malaysia
Hyundai Motor is set to establish a strategic partnership with INOKOM for the assembly of several new automotive models in Malaysia, backed by a significant investment of MYR ...
Malaysia and Singapore Collaborate on Digital Transformation in Maritime Industry with New MoU
Malaysia’s MISC Berhad and Maritime and Port Authority of Singapore (MPA) have signed a memorandum of understanding (MoU) aimed at enhancing collaboration in ...
Malaysia Launches National AI Office to Drive Digital Transformation and Economic Growth
Malaysia has officially launched the National AI Office (NAIO), a pivotal initiative aimed at advancing the country’s digital transformation and positioning it as a ...
Mahkota Medical Centre Launches Malaysia’s First Next-Gen Smart Ward
Mahkota Medical Centre (MMC) in Malacca has launched Malaysia’s first Next-Gen Smart Ward, marking a significant milestone in patient care as the facility celebrates ...
UVCell Solar and Iozela Collaborate on Two Major Energy Projects in Malaysia
UVCell Solar and Iozela Data Center have announced a strategic collaboration to develop two significant projects in Malaysia, focusing on sustainability and renewable energy. ...
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