Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

Citicore to Ramp Up Solar Projects in the Next Five Years

Citicore Renewable Energy Corporation (Citicore), a subsidiary of Philippine renewable energy company Citicore Power, targets to ramp up its solar farm developments for an ...

Century Pacific Food Extends Partnership with Regional Coconut Player

Century Pacific Food Inc (CNPF), one of the Philippines’ leading food companies, has recently signed a long-term contract as original equipment manufacturer (OEM) for the ...

SIRIM to Establish a Smart Manufacturing Digital Experience Centre

SIRIM, Malaysia’s national organization for standards and quality, is planning to set-up a Smart Manufacturing Experience Centre in 2021, as the country aims to be the primary

Packaging Manufacturer Can-One to Build Manufacturing Hub in Selangor

Packaging manufacturer Can-One Bhd is acquiring two freehold agricultural lands measuring 68 acres worth MYR 103.55 million (USD 24.7 million) in Klang, Selangor for its new ...

Malaysia to Manufacture the World’s First Halal Biosimilar

Malaysia is constructing the first commercial halal biosimilar production facility to be completed in 2024, which is primarily aimed at creating access to more affordable ...

Malaysian Government Introduces Seven Initiatives for Logistics and Shipping Players in Port Klang

Port Klang Authority (PKA), the government agency that regulates and owns Malaysia’s busiest port and the 12th largest container port in the world, Port of Klang, has ...

Hong Kong’s TOSC, Salcon Form JV to Distribute Smart Water Systems in Malaysia

Hong Kong’s The One Smart City Development Ltd (TOSC) via its subsidiary Wide Plus Smart City Sdn Bhd (WP), has signed a joint venture agreement with Malaysia’s leading water ...

Cloud Kitchen Grows as Demand Increases in Malaysia

Malaysia is currently seeing a growth of cloud kitchens to serve the increasing demand for food delivery services as the country registers increases in smartphone users, ...

Port of Rotterdam Signs MoU with Local Partners to Develop BioHub Industrial Port in Sarawak

Port of Rotterdam Authority (PoR) has signed a memorandum of understanding (MoU) with Malaysian partners - the National Innovation Agency of Malaysia (AIM), Regal Lands Sdn ...

Malaysian States Introduce Initiatives to Attract Investments Post-COVID19

Several states in Malaysia continue to introduce initiatives to attract domestic and foreign investments as the country remains to be among the preferred investment ...

Langkawi to Have New Malaysian Sea Surveillance System (MSSS)

The Malaysian government is installing a new Malaysian Sea Surveillance System (MSSS) worth MYR 100 million (USD 23 million) by this year to monitor the coastal waters between

Wahyoo Receives Investment from Coca-Cola Amatil X

The venture capital platform Coca-Cola’s Amatil X has participated in Series A investment for Wahyoo, a Jakarta-based start-up that provides value added services to small ...

UOB Launches Digital Bank in Indonesia

UOB launched its digital bank, TMRW, in Indonesia to tap into the country’s digital generation. Customers can enjoy a fully digital banking experience, starting from the ...

Thorcon and Indonesia’s Defense Ministry to Develop Thorium Nuclear Reactor

Thorcon International Pte Ltd, a United States-based nuclear company, has partnered with the Indonesian Defense Ministry for a study to develop a 50 MW thorium molten salt ...

Siemens and Bentley to Develop Digital Twin for Petrochemical Company in Indonesia

Siemens and Bentley Systems plan to build the first petrochemical digital twin in Indonesia for Chandra Asri, Indonesia’s largest integrated petrochemical company, which has ...

New USD 6 Million Waste-to-Energy Plant Inaugurated in Indonesia

The Indonesian government inaugurated a waste-to-energy power plant in Cilacap, Central Java, worth USD 6 million. The refuse-derived fuel (RDF) facility is a pilot project to

Indonesia to Prioritize Three Sectors for 2021 Budget

The Indonesian government has decided to focus on three priority sectors for the budget next year. They are food security, industrial estate development and ICT. President ...

Indonesia Plans Purchase of Eurofighter Typhoon Jet Fighters

The Indonesian Defense Minister, Prabowo Subianto, has expressed interest in buying 15 second-hand Eurofighter Typhoons from the Austrian Air Force, stating that the ...

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