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
Singapore Advocates for Green Data Centers Amid Rising AI Demand and Strained Energy Resources
Singapore is intensifying its focus on developing green data centers in response to the growing demand for artificial intelligence (AI), which significantly increases energy ...
Vinmec Central Park International Hospital Joins Cleveland Clinic Connected Membership
In May 2024, Cleveland Clinic and Vinmec Health System announced the inclusion of Vinmec Central Park International Hospital in the Cleveland Clinic Connected network. ...
Singapore Food Agency Enhances Fish Farming Infrastructure in Southern Waters
The Singapore Food Agency (SFA) is exploring ways to enhance fish farming infrastructure in the southern waters, following the announcement that the Barramundi Group, the ...
UAE’s Defense Specialist Expands Across Asia with New Ammunition Production Line in Indonesia
The EDGE Group from the United Arab Emirates has announced a USD 27 million deal to provide Indonesian state-owned enterprise PT Pindad with an ammunition production line. ...
CIMIC’s Leighton Asia Will Secures Contract to Reconstruct the Choa Chu Kang Waterworks
CIMIC Group subsidiary Leighton Asia has secured a contract from PUB, Singapore’s National Water Agency, for the reconstruction of Choa Chu Kang Waterworks. The project ...
Vietnam’s VNG Subsidiary Becomes the Latest Partner of Nvidia in Southeast Asia
Vietnamese gaming and messaging unicorn VNG has partnered with Nvidia, enhancing the U.S. chipmaker’s connections in Asia just months after CEO Jensen Huang’s ...
Liverpool FC Expands Global Presence with New Official Retail Partnership in Indonesia
Liverpool FC is expanding its presence in Asia through a new retail partnership in Indonesia. This collaboration with PT Kanmo Weston Retailindo, a joint venture between ...
AstraZeneca to Open a USD 1.5 Billion Cancer Drug Manufacturing Plant in Singapore
Pharmaceutical giant AstraZeneca is set to open a USD 1.5 billion cancer drug manufacturing plant in Singapore, as part of its global expansion strategy.
The new factory ...
American Solar Company SEG Solar Announces 5GW Manufacturing Plant in Indonesia
SEG Solar, a prominent American solar manufacturer, has secured a land utilization agreement to establish a state-of-the-art 5GW vertically integrated photovoltaic (PV) ...
New Subsea Cable Connecting Singapore and Indonesia’s Batam Island
Singtel and Indonesia’s Telin have partnered to establish a new submarine cable system connecting Singapore and Batam Island in Indonesia. The two Southeast Asian ...
South Korea’s SK Leaveo Plans Biodegradable Plastic Plant in Vietnam
In the first half of 2024, South Korea’s SK Leaveo plans to begin constructing the world’s largest Polybutylene Adipate Terephthalate (PBAT) production facility in Hai Phong, ...
Samsung Electronics Plans to Invest Around USD 1 billion Annually in Vietnam
Samsung Electronics has committed to increasing its annual investment in Vietnam to USD 1 billion, recognizing the country as a crucial manufacturing hub in the region. As ...
Satellite Provider ST Engineering Direct Partners with Indonesian Satellite Provider to Improve Connectivity
ST Engineering iDirect and PT Bis Data Indonesia have announced a collaboration to deploy advanced satellite communications infrastructure for the Indonesian government’s ...
Alteredverse Plans Virtual Model of Singapore’s Shopping Street
Foot traffic and sales have slowed at Singapore’s premier shopping district on Orchard Road, but a local tech start-up, Alteredverse, aims to rejuvenate the area by ...
United States Pledges USD 126 Million for Ambitious Geothermal Project in Indonesia
The Deputy Chief Executive Officer (DCEO) of the US International Development Finance Corporation (DFC) unveiled a fresh commitment of up to USD 126 million for PT Medco ...
Singapore and Kazakhstan Strengthens Relationship in Six Key Areas
Kazakhstan and Singapore have entered into agreements across six key areas, marking a milestone in their bilateral relations. The agreements encompass economic integration, ...
Neste Facilitates Vietnam Airlines’ Inaugural Sustainable Aviation Fuel Flight
Vietnam Airlines, Vietnam’s national carrier, successfully conducted its inaugural flight utilizing Neste MY Sustainable Aviation Fuel. The milestone flight involved ...
Australian Food and Wine Industries Explore Trade Opportunities in Indonesia
Leaders from some of Australia’s major food and wine representative groups met in Indonesia to foster trade opportunities between the two nations. The Roundtable ...
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