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

Ecological Industrial Zone Being Developed in Typhoon Ravaged Province

Feb 2019 Philippines, Economy

The competitiveness of the local copper industry is being enhanced with the creation of an ecological industrial zone in Leyte province. Palafox Associates has already ...

CAPEX in Integrated Gaming Resort Raised to USD 2.3 billion

Feb 2019 Philippines, Infrastructure

Megaworld Corporation, the Philippines' largest developer of integrated urban townships, announced that it is raising its capital spending budget to PHP 64 billion (USD 1.2 ...

Tenaga Secures Financing for Large Scale Solar Project in Kedah

Feb 2019 Malaysia, Energy

Tenaga Nasional Berhad (TNB), Malaysia’s leading electricity utility with a presence throughout Peninsular Malaysia, Sabah and Labuan, has secured USD 35 million financing ...

New Healthcare Player in Malaysia Focusing on Lower Income Groups

Feb 2019 Malaysia, Healthcare

Sinmah Capital Bhd (Sinmah) is venturing into the healthcare segment, earmarking MYR 100 million (USD 25 million), to be raised through internal funds and bank loans, for ...

Malaysian Healthy Snacks E-commerce Platform Receives Funding

Feb 2019 Malaysia, Retail/FMCG

Signature Market, a Malaysian healthy snacks e-commerce retail platform, has raised MYR 4 million (USD 1 million) of capital from private investment firm RHL Ventures, Axiata ...

Malaysia to Regulate ICOs, Cryptocurrency Trade

Feb 2019 Malaysia, ICT

Malaysia is set to regulate crypto transactions such as Initial Coin Offerings (ICOs) and other cryptocurrency trades. The Securities Commission Malaysia (SC) amended ...

Malaysia Forms Special Body to Tackle Economic Issues

Feb 2019 Malaysia, Economy

Malaysia’s Prime Minister Tun Dr. Mahathir Mohamad has announced the formation of Economic Action Council (EAC) to tackle the gripping economic issues the country is facing. ...

Malaysia Exploring Multirole Fighter Jet Options

Feb 2019 Malaysia, Defense/Aerospace

Malaysia is considering to add up to 30 lightweight multirole fighter jets to complement its fleet of F/A – 18D and Su-30MKM aircrafts. It was reported that the country’s ...

Lithium-Ion Car Batteries to be Manufactured in Malaysia

Feb 2019 Malaysia, Manufacturing

A locally listed company in Malaysia working with Malaysia Automotive Robotics and IoT Institute (MARii) is seeking to set up a facility in the next 18 months to manufacture ...

DoE Malaysia to Shut Down Illegal Plastic Waste Recycling Plants

Feb 2019 Malaysia, Environment

The Malaysian Department of Environment (DoE), under the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC), has set a target to close down 100 ...

Construction Sector Booming in East Malaysia

Feb 2019 Malaysia, Infrastructure

While the construction industry is experiencing weaker sentiments in Peninsular Malaysia, the sector is booming in East Malaysia particularly in Sarawak. In its latest budget ...

Indonesian State-Owned Enterprises Launching Centralized E-Payments Platform

Feb 2019 Indonesia, ICT

Several Indonesian state-owned Indonesian enterprises are jointly launching a new digital payments platform, called LinkAja, which will be operation from 1 March, 2019. The ...

Indonesia Undertaking Revision of Oil and Gas Law

Feb 2019 Indonesia, Energy

Indonesia plans to revamp its 2001 oil and gas law to increase oil and gas production, boost Indonesia’s Energy independence and strengthen investment in the country’s human ...

Indonesia Tourism Development Corporation Receives Funding for Mandalika Project

Feb 2019 Indonesia, Infrastructure

The state-owned tourism management enterprise Indonesia Tourism Development Corporation (ITDC) has obtained funding from the Asian Infrastructure Investment Bank (AIIB) to ...

Indonesia Preparing New Electric Vehicle Policy

Feb 2019 Indonesia, Manufacturing

Indonesia is in the midst of finalizing a new electric vehicle (EV) policy to build its position as a lithium battery hub in the region. The proposed plan offers tax ...

Indonesia Health Tech Startup, the Fit Company, Raises Funding

Feb 2019 Indonesia, Healthcare

The Fit Company, an Indonesia-based wellness tech startup, raised an undisclosed amount of seed funding from East Ventures, whose Indonesian investment portfolio includes ...

Indonesia Expecting USD 1.6 Billion Annually from Mandatory Halal Labelling

Feb 2019 Indonesia, Retail/FMCG

Indonesia is on the road to make halal labeling compulsory for consumer products and services. The draft on mandatory halal rule is currently awaiting the president’s ...

Bali Planning Tourist Tax for Environmental Preservation

Feb 2019 Indonesia, Environment

In light of the island’s ongoing Environmental woes, authorities in Bali are planning to unveil a USD 10 tax on foreign visitors to the island. The revenue will be directed ...

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