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
South Korea’s Celltrion Establishes Subsidiary in Vietnam to Expand Biopharmaceutical Market
South Korea’s Celltrion has successfully set up a local subsidiary in Vietnam, a pivotal market within the ASEAN pharmaceutical landscape. The company aims to secure ...
Australian Businesses Seek Collaboration with Vietnam on Rare Earth Resource Development
Australian businesses are eager to assist their Vietnamese counterparts in the efficient exploitation, processing, and utilization of rare earth resources, according to the ...
South Korean Company to Advance Rooftop Solar Energy in Vietnam
Vietnam’s CME Solar Investments has formed a joint venture with Vista Global, a subsidiary of Samsung C&T under the South Korean tech conglomerate Samsung, to advance ...
Vietnam and the United States to Enhance Agricultural Trade
The United States and Vietnam are working to enhance agricultural trade, driven by rising demand for high-quality products in both nations.
In September 2024, the US ...
Vietnam and the US Sign USD 1.1 Billion Agreement for Greener Aviation
Vietjet and Honeywell Aerospace Technologies have signed a USD 1.1 billion cooperation agreement to provide advanced avionics and technical services for Vietjet’s ...
Vietnamese and American Firms Strengthen Partnership in Energy, AI, and Aviation
In September 2024, Vietnamese and U.S. companies signed several memorandums of understanding (MoUs) to collaborate on energy, artificial intelligence (AI), and data center ...
BoomGrow and CelcomDigi Forge Strategic Partnership to Revolutionize Malaysia’s Agriculture with 5G, AI, and XR Integration
BoomGrow Productions Sdn Bhd, a Malaysian agritech company, has entered a strategic partnership with CelcomDigi Berhad to revolutionize Malaysia’s agricultural sector. ...
Malaysia’s Ministry of Defense Awards BHIC AeroServices USD 8.6M Helicopter Support Contract
The Malaysian Ministry of Defense (MINDEF) has awarded a five-year contract worth MYR 378 million (USD 8.6 million) to BHIC AeroServices (BHICAS), a subsidiary of Boustead ...
Malaysia’s Digital Investment Surges to USD 14.7 billion in the First Half of 2024
The Malaysian Ministry of Digital announced that the country’s digital investment reached MYR 66.22 billion (USD 14.7 billion) in the first half of 2024 (1H 2024), ...
Solarvest and Agmo Launch Joint Venture for Digital Clean Energy Solutions
Solarvest Holdings Berhad, a leading provider of clean energy solutions in Malaysia, has announced a strategic joint venture with Agmo Holdings Berhad, a digital solutions ...
UNDP Launches Malaysia Island Innovation Challenge to Tackle Waste Management
The United Nations Development Programme (UNDP), in collaboration with the Malaysian Ministry of Finance, has launched the Malaysia Island Innovation Challenge to encourage ...
Insulet Opens New Manufacturing Facility Worth USD 200 Million in Malaysia
Insulet, a U.S.-based diabetes device manufacturer, has officially opened a new manufacturing facility in Johor Bahru, Malaysia, marking a significant milestone in a USD 200 ...
CelcomDigi and Huawei Partner to Enhance Malaysia’s AI-Driven 4G and 5G Networks
CelcomDigi Bhd, a Malaysian telecommunications provider, has entered a Memorandum of Understanding (MoU) with Huawei Technologies (Malaysia) Sdn Bhd to collaborate on ...
Tesla Boosts Malaysia’s EV Ecosystem with USD 13.5 Million Infrastructure Investment
The Malaysian Ministry of Investment, Trade, and Industry (MITI) has announced that Tesla has invested USD 13.5 million in the country’s electric vehicle (EV) charging ...
Sunway Group Unveils USD 222 Million Project for Perak’s Largest Retail Complex
Sunway Group, one of Malaysia’s largest property conglomerates, has announced plans for the Sunway Ipoh Mall, which will become the biggest shopping center in Perak ...
Silicon Valley’s Enovix Unveils USD 1.2 Billion Battery Manufacturing Facility in Malaysia
Silicon Valley-based battery technology company Enovix Corporation has inaugurated its first high-volume manufacturing facility, Fab2, in Penang, Malaysia, focusing on the ...
NEDA Board Approves Key Projects to Modernize Civil Service and Enhance Infrastructure
The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos Jr., approved several significant projects aimed at modernizing ...
UK’s MOBILIST Program Invests in Philippine Renewable Energy IPO
UK’s MOBILIST program announced its investment in the initial public offering (IPO) of Citicore Renewable Energy Corporation (CREC) on the Philippine Stock Exchange (PSE), ...
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