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

Malaysia Aims to Become ASEAN Train Equipment Manufacturing Hub

Jan 2019 Malaysia, Manufacturing

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

Jan 2019 Malaysia, Healthcare

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

Jan 2019 Malaysia, Retail/FMCG

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

Jan 2019 Malaysia, Environment

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

Jan 2019 Malaysia, Economy

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

Jan 2019 Indonesia, Environment

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

Jan 2019 Indonesia, Manufacturing

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

Jan 2019 Indonesia, Healthcare

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

Jan 2019 Indonesia, Infrastructure

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

Jan 2019 Indonesia, Energy

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

Jan 2019 Indonesia, Defense/Aerospace

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

Jan 2019 Indonesia, Economy

Indonesia and the European Free Trade Association (EFTA) signed the Comprehensive Economic Partnership Agreement (CEPA) on 16 December 2018. The agreement was reached between ...

Filipino Organization Invests USD 2 Million in Indonesia’s Esports Scene

Jan 2019 Indonesia, ICT

Filipino esports organization, Mineski, is pouring USD 2 million in the Indonesian esports market in 2019, betting on the country’s ranking as the second-largest gaming ...

Aeon Partners with Go-Jek to Speed up Retail Expansion

Jan 2019 Indonesia, Retail/FMCG

Japanese retail group, Aeon, has partnered with Indonesian ride-hailing start-up, Go-Jek, on digital payment and home delivery services. Started in mid-December, the ...

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