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

The Malaysian Army Sets to Acquire 178 Mildef Tarantula 4×4 HMAV Armored Vehicles

Mildef International Technologies (Mildef), a Malaysian private defense company has sealed a deal to provide 178 T Tarantula 4×4 High Mobility Armoured Vehicles (HMAV) ...

Malaysia Records USD 28.3 million in FDI in The First Half Of 2023

The Ministry of Investment, Trade and Industry (MITI) announced that Malaysia has attracted a Foreign Direct Investment (FDI) of MYR 132.6 billion (USD 28.3 billion) in the ...

Malaysia To Leap into a Green Hydrogen Economy by 2027

Malaysia is poised to introduce its Hydrogen Economy and Technology Roadmap, strategically aiming to secure investments in green hydrogen production and position itself as a ...

Malaysian Palm Oil Board Collaborates with Petronas on Palm-Derived Sustainable Aviation Fuel

The Malaysian Palm Oil Board (MPOB) and Petronas, Malaysia’s leading energy entity, have joined hands to assess the viability of repurposing used cooking oil and palm ...

LYC Healthcare and South Korean Firms Collaborate to Boost Postbiotics Market in Malaysia

Aqurate Ingredients Intl (M) Sdn Bhd, an LYC Healthcare Bhd arm that specializes in functional ingredients for the food & beverage, nutraceutical, pharmaceutical, and ...

Google Cloud Partners Malaysia Airports and Asia Mobiliti to Boost Digital Travel Services

Google Cloud is partnering with Malaysia Airports Holdings Bhd (MAHB) and Asia Mobiliti to cater to the growing need for sustainable, digital-first travel experiences in the ...

Sabah To Construct A USD 852 Million Hydroelectric Dam

The Sabah state government, under Chief Minister Datuk Seri Hajiji Noor, has announced the construction of a MYR 4 billion (USD 852 Million) hydroelectric dam in Ulu Padas, ...

Ericsson Selects Penang for Its First 5G Manufacturing Supply Chain Plant in South East Asia

Ericsson, the Swedish telecommunication giant, has inaugurated its 5G production facility in South East Asia in Penang, Malaysia, in partnership with the American electronics ...

Llaollao’s Operator Brings ChaTraMue Thai Tea Brand in Malaysia

Woodpeckers Group, responsible for managing Llaollao’s Spanish Natural Frozen yogurt in Malaysia, has inked a 20-year franchise deal with Cha Thai International, ...

International Specialist Explore Production of Solar Panels and Energy Storage Systems in Indonesia

Four international renewable energy firms recently announced their collective intent to investigate prospects for manufacturing solar panel components and energy storage ...

Indonesia Research Agency to Formulate Nuclear Energy Strategy

The National Research and Innovation Agency (BRIN) is in the process of formulating a strategy to facilitate the establishment of nuclear power plants in Indonesia. The ...

Indonesian Health Special Economic Zone Calls for Investment

State-owned company PT Hotel Indonesia Natour (HIN) has recently called for domestic and international investors to enhance and fortify facilities and services within the ...

Indonesia Strengthens Defense Capabilities with Sikorsky Black Hawks and Boeing F-15EXs

Indonesia has taken significant steps to enhance its defense capabilities. In a strategic move, Indonesia signed a Heads of Agreement (HoA) with Sikorsky for the procurement ...

Indonesia Launches Its First Organic Cheese in Collaboration with Denmark

Indonesia recently celebrated the production of its first locally-made organic cheese. This cheese represents the concrete outcome of a collaborative initiative that ...

Vietnam’s Mekong Delta to Draw Industrial Investment with Critical Infrastructure Projects

The Mekong Delta is set to attract impressive industrial investments to the region through a series of large-scale infrastructure projects. Among these projects, the Vinh ...

Ericsson to Launch Artificial Intelligence Lab in Vietnam

In August 2023, Ericsson and RMIT University signed in the presence of the Swedish and Australian Ambassadors to Vietnam an agreement to launch the RMIT & Ericsson ...

Investors Target Vietnam’s Pharmaceutical Sector Following Free Trade Agreement with the UK

The UK-Vietnam Free Trade Agreement (UKVFTA), along with other new-generation trade agreements, offers Vietnam significant chances to attract more foreign direct investment ...

South Korea Company to Assist Vietnam Tackling Plastic Waste

City Oil Field, a waste recycling firm from South Korea, has recently struck a commercial deal with Vietnam’s largest environmental company BIWASE for recycling waste ...

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