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 and South Korea Sign MOU for Building AI Global Ecosystem in Vietnam

Vietnam and South Korea have signed a Memorandum of Understanding (MOU) to develop artificial intelligence (AI) technology in five areas: medical, healthcare, smart cities, ...

Vietnam to Seek Investment to Develop Its Seaport System

Vietnam is planning to modernize its seaport system. There are 286 terminals with over 96km of quays in total nationwide at present, capable of handling over 706 million tons ...

US Semiconductor Assembly and Test Provider to Open Manufacturing Facility in Vietnam

In October 2023, Amkor Technology, the world’s largest US-headquartered OSAT (outsourced semiconductor assembly and test) service provider, announced the grand opening ...

Marriott International to Expand Portfolio in Vietnam with Three New Luxury Hotels

Marriott International has announced agreements to open three new luxury resorts in Vietnam. This marks the debut of two new brands into Vietnam – Ritz-Carlton Reserve and ...

Indonesia Welcomes MINISO’s First Sanrio-themed Outlet

Retailer and variety store chain MINISO recently launched its first IP-themed flagship store at Margo City Store in Indonesia, featuring Sanrio characters. This store is the ...

Indonesia Collaborates with Export Development Canada on Infrastructure Financing

PT Indonesia Infrastructure Finance (IIF) and Export Development Canada (EDC) have formalized a collaboration to expedite infrastructure financing in Indonesia. The ...

Developments in Indonesia’s Smart City Projects: Collaborations with KT and Thales

In a move toward advancing smart city projects in Indonesia, South Korean telecom giant KT Corp. is partnering with Telkom Indonesia to enhance smart solutions in Nusantara, ...

UAE and Indonesia Sign Agreement for Cardiology Hospital Construction in Surakarta

Indonesian Minister of Health, Budi Gunadi Sadikin, and Minister of State of the United Arab Emirates (UAE), Ahmed Ali Al Sayegh, recently signed a Cooperation Agreement for ...

Indonesia Receives GBP 27 Million Grant from the UK for Green Economy Growth

Indonesia has received a grant of IDR 514 billion (GBP 27.2 million, or USD 33.5 million) from the United Kingdom to execute the second phase of the Low Carbon Development ...

Singapore and Indonesia Collaborate on Green Hydrogen Production and Export

Singapore’s Sembcorp Utilities Pte Ltd and Indonesian state-owned utility company PT PLN have signed a joint development study agreement to explore the feasibility of ...

Indonesia and Czech Republic to Enhance Economic Cooperation

Indonesia and the Czech Republic have agreed to enhance cooperation in various fields, including infrastructure, transportation, vocational education, energy and mineral ...

Italy Prepares Patrol Ships Sales to Indonesia

Italy is in negotiations with Indonesia for the sales of two of its new PPA multi-purpose patrol vessels, an Italian minister reported to the Defense News. To expedite ...

Bella Bulgaria Launches USD 72 Million Food Project with Indonesian Firm

Food company Bella Bulgaria and Indonesian firm Garuda Mitra Utama (GMU) signed a cooperation agreement during the Indonesia-Europe Business Forum in Jakarta. The ...

Japanese Corporation Invests in Thai Subsidiary to Commercialize Polymers from Inedible Biomass

Toray Industries recently announced an investment of over USD 8 million in Thai entity Cellulosic Biomass Technology Co., Ltd. in order to upgrade cellulosic sugar production ...

Thaicom Selects Airbus for New Generation Satellite

Thaicom Public Company Limited, a leading Asian satellite and space technology company based in Thailand, recently announced the selection of Airbus, a European leader in ...

Thailand Approves 20 Investment Projects from Taiwanese Electronic Companies

The Board of Investment (BoI) of Thailand has recently greenlighted 20 investment projects worth over USD 820 million from Taiwanese electronics companies which are aiming to ...

Leading EV Manufacturer to Establish Operations in Thailand

Guangzhou Automobile Corp (GAC), a leading electric vehicle (EV) manufacturer, recently announced it plans to develop Thailand into a global production hub for its right-hand ...

PTTEP to Spearhead Solar Power for Petroleum Production in Thailand

Thai petroleum exploration and production company PTT Exploration and Production Public Company Limited, also known as PTTEP, recently launched a solar power project under ...

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