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
DENR Prepares to Launch Manila Bay Rehabilitation Project
The Philippine government has entrusted the Department of Environment and Natural Resources (DENR) to spearhead the rehabilitation of Manila Bay. President Rodrigo Duterte is ...
Cargill Subsidiary and Filipino Realtor Ramp up Development of Industrial Complexes
The Philippine subsidiary of multinational firm Cargill, Cargill Joy Poultry Meats Production (or C-Joy), has partnered with Filipino company CentralHub Industrial Centers to ...
SME Corp-Huawei Release Study on Digitalization of Malaysian SMEs
Following a Memorandum of Understanding (MoU) between SME Corp Malaysia and Huawei Technologies (M) Sdn Bhd signed in November 2017, a study involving 2,033 SMEs representing ...
Sarawak Energy, Shell MDS to Explore Hydrogen Production in Sarawak
The Sarawak state-owned Energy company, Sarawak Energy Bhd (Sarawak Energy) has signed a Memorandum of Understanding (MoU) with Shell MDS (Malaysia) Sdn Bhd (Shell MDS) to ...
Negeri Sembilan CM Unveils Development Plan for Malaysia Vision Valley 2.0
A comprehensive development plan (CDP) for Malaysia Vision Valley 2.0 (MVV 2.0) was launched by the Chief Minister of the state of Negeri Sembilan on 13 December, 2018. MVV ...
Malaysian Authorities Seeking Proposals to Rejuvenate Subang Airport
The Star Newspaper reported recently that Malaysia Airports Holdings Bhd (MAHB) has initiated a request for proposals (RFP) from local and global consultancies in a bid to ...
Malaysia Aims to Become ASEAN Train Equipment Manufacturing Hub
The Malaysian government is keen to position its self as the rail equipment Manufacturing hub in the ASEAN region based on a strong partnership with China, according to ...
Healthy Growth Projected for Medical Device Export in 2019
Exports of Medical devices from Malaysia is expected to cross MYR 23 billion (USD 5.6 billion) in 2019, with the Association of Malaysian Medical Industries (AMMI) ...
DKSH Buys Auric Pacific’s Singapore and Malaysia FMCG Distribution Business
Swiss company, DKSH signed an agreement in December 2018 to acquire the consumer goods distribution business of Auric Pacific in Singapore and Malaysia for an initial price ...
Diesel Vehicles in Malaysia to use 10% Palm Oil Biodiesel
Malaysia’s Prime Minister, Tun Dr. Mahathir Mohamad has launched the B10 Biodiesel Programme for all diesel vehicles in the transportation industry starting from 1 February ...
Cautious Economic Growth Anticipated for Malaysia in 2019
Malaysia is expected to experience slower growth in 2019, in anticipation of global trade uncertainties which would affect the trade flows to the region. While the government ...
Jakarta Plans to Fine Retailers for Single Use Plastic Bags
According to a report in the Jakarta Post, Governor Anies Baswedan is drafting a gubernatorial regulation to ban single-use plastic bags in Jakarta. The draft would come into ...
iPhone Assembler Considering Setting up Plant in Indonesia
Pegatron Corp, a Taiwanese electronics manufacturer that assembles iPhones, is considering to set up a plant on Batam Island, Riau Islands. If confirmed, the investment is ...
Indonesian Health Tech Startup Gorry Holdings Secures Fresh Funding
Jakarta-based health tech start-up, Gorry Holdings, has successfully raised funding from Singapore’s private equity firm, Heritas Capital Management, for an undisclosed ...
Indonesian Government Opens Six Weighbridge Revitalization Projects
The Indonesian Transportation Ministry presented six weighbridge revitalization projects worth IDR 330.66 billion (USD 22.80 million). The projects will comprise of three ...
Indonesian Energy Ministry Approves Merakes Development Project
In December 2018, the Minister of Energy of Indonesia approved Eni’s investment plan for the Merakes project, located in Kutei Basin, offshore East Kalimantan. Eni is an ...
Indonesian Defense Ministry Procuring Helicopters Worth USD 513 Million
State-owned aircraft manufacturer, PT Dirgantara Indonesia (PT DI), and the Defense Ministry have signed a contract to purchase eight H225M Cougar helicopters and nine Bell ...
Indonesia and European Free Trade Association Sign Trade Deals
Indonesia and the European Free Trade Association (EFTA) signed the Comprehensive Economic Partnership Agreement (CEPA) on 16 December 2018. The agreement was reached between ...
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