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