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 Introduces ‘MADANI Economy’ Framework

Malaysia’s Prime Minister, Anwar Ibrahim, introduced the ‘MADANI Economy: Empowering the People’ as a transformative economic framework aimed at uplifting the nation’s ...

Malaysia’s Energy Transition Roadmap Targets Sustainable Growth

Malaysia has launched Phase 1 of the National Energy Transition Roadmap (NETR), highlighting 10 primary catalyst projects. These initiatives present potential energy ...

Petronas’ Gentari and Singapore’s Sembcorp Collaborate on Low Carbon Energy Solutions

Gentari, Petronas’s renewable energy division, has teamed up with Singapore’s Sembcorp Industries to foster collaborations in the clean energy realm, with a ...

Ramsay Sime Darby Health Care Partners with Annalise.Ai and AWS to Implement AI Solution

Ramsay Sime Darby Health Care (RSDH), one of Malaysia’s largest private healthcare providers has collaborated with the Australian radiology AI firm Annalise.ai, backed by ...

Malaysia Collaborates with South Korean Data Analytics Firm on Smart Agricultural Program

Malaysia is intensifying its collaboration with South Korea to enhance the exchange of smart agricultural technologies for livestock. On July 5, a memorandum of understanding ...

Chery to Invest USD 36.57 Million in Malaysia’s Electric Vehicles Industry

Malaysia is set to see a boost in its electric vehicle (EV) market, with China’s major automobile manufacturer Chery committing to an MYR 170 million (USD 36.57 million) ...

Treasure Global to Partner the Malaysia Retail Chain Association to Provide F&B Solutions

Treasure Global Inc (TGL), a Malaysian technology solutions provider with presence in the U.S. has announced a Memorandum of Understanding (MOU) with the Malaysia Retail ...

Malaysia Plans to Revive High-Speed Rail Project

Malaysia is reinitiating plans for the high-speed rail (HSR) project that would connect Kuala Lumpur to Singapore, a venture which had been shelved for over two years. It ...

South Korea’s Lotte Group Opens Largest Shopping Mall Vietnam

South Korea’s Retailer Lotte Group has announced the opening of Westlake Hanoi Mall which is reported to be the largest shopping complex in Vietnam. Specifically, the ...

Foxconn Continues Expanding in Vietnam with Two New Projects

In July 2023, the Provincial People’s Committee of Quang Ninh Province authorized two Foxconn projects worth more than USD 246 million. The two manufacturing facilities, ...

US Energy Company Partners with PetroVietnam Gas to Construct LNG Terminal

The American energy company AES and Petrovietnam Gas have recently announced to receive permission from the local government of Binh Thuan Province to construct the USD 1.34 ...

AI Banking Solution from South Korea Introduced in Vietnam’s Electric Vehicle Market

South Korean artificial intelligence (AI) financial firm AIZEN has introduced its AI banking solution in the Vietnamese electric vehicle (EV) market. The launch of financing ...

Israel’s Sheba Medical Center to Partner with Vietnamese University

VinUni, a university affiliated with the Vietnamese conglomerate Vingroup, and the Sheba Medical Center (https://www.shebaonline.org/), the largest hospital in Israel, have ...

Rooftop Solar and Integrated Battery Storage Solutions to Be Manufactured in Vietnam

VinES Energy Solutions, a business division of major Vietnamese conglomerate VinGroup, has teamed up with the Vietnamese SolarBK to promote the combination of battery storage ...

Japan’s Erex to Construct Biomass Fuel Plant in Vietnam

In July 2023, Japan’s renewable energy firm Erex Co., Ltd. and local partner Sakura Green Energy JSC commenced the construction of a USD 20 million biomass fuel plant in the ...

Newly Signed Free Trade Agreement Opens New Chapter for Vietnam-Israel Relations

In July 2023 Vietnam and Israel signed a free trade agreement (FTA) in Tel Aviv after seven years of negotiations, making Vietnam the first Southeast Asian country to close ...

Japanese Company to Deliver 100 eVTOL Aircraft in Vietnam

SkyDrive Inc., a leading Japanese electric vertical take-off and landing (eVTOL) aircraft manufacturer, and CT UAV JSC in Vietnam announced that they have signed a Memorandum ...

US Company to Receive ADB’s Grant for Ocean-Based Barramundi and Seaweed Aquaculture in Vietnam

The Asian Development Bank (ADB) and Australis Holdings, Inc. (Australis) have inked a USD 15 million convertible note to support climate-resilient, ocean-based barramundi ...

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