Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in Southeast Asia

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Vietnam Aims at South Korea’s K9 Howitzers to Strengthen Defense

Vietnam Aims at South Korea’s K9 Howitzers to Strengthen Defense

In April, 2024, the Vietnamese Ministry of Defense expressed its intention to purchase the K9 howitzers from South Korea’s Hanwha Aerospace for the People’s Army ...
Washington State Department of Agriculture to Promote Trade with Vietnam

Washington State Department of Agriculture to Promote Trade with Vietnam

In April 2024, the Washington State Department of Agriculture (WSDA) signed a Memorandum of Understanding (MOU) with Vietnam to enhance agricultural development and trade. ...
UK Supports Indonesia’s Prototype of Marine Floating Solar Power Plant

UK Supports Indonesia’s Prototype of Marine Floating Solar Power Plant

The inaugural prototype of Indonesia’s marine floating solar power plant, Solar2Wave, has been unveiled with support from Innovative UK. Collaborating companies and ...
Korean Medical AI Firm to Supply Healthcare AI Solutions to Indonesia’s Largest Hospital

Korean Medical AI Firm to Supply Healthcare AI Solutions to Indonesia’s Largest Hospital

JLK, Korea’s premier publicly traded medical AI firm, has forged a partnership with Indonesia’s leading hospital chain Siloam, boasting a workforce of over 3,000 ...
Tech Giants Microsoft and Nvidia Invest in Indonesia’s Tech Expansion

Tech Giants Microsoft and Nvidia Invest in Indonesia’s Tech Expansion

Two prominent US technology companies have recently unveiled significant investment plans in Indonesia, signaling a notable advancement in the country’s tech landscape. ...
Japan’s Sojitz Corporation Secures Contract of USD 250 Million to Extend MRT Jakarta

Japan’s Sojitz Corporation Secures Contract of USD 250 Million to Extend MRT Jakarta

A contract worth IDR 4.7 trillion 8around USD 250 million) has been signed between PT MRT Jakarta and Japan’s Sojitz Corporation. The agreement aims to extend the ...
American Company DNV and Indonesia’s PLN Collaborate on Power Grid Resilience

American Company DNV and Indonesia’s PLN Collaborate on Power Grid Resilience

The American company DNV and PT PLN Engineering (PLNE), a subsidiary of Indonesia’s state-owned power distribution company PT PLN, have entered into a Memorandum of ...
British Crayfish Enterprise Targets Success in Indonesia

British Crayfish Enterprise Targets Success in Indonesia

Noola Sukess Mandiri (NSM), an Indonesian enterprise specializing in red claw crayfish cultivation, recently announced its near completion of the initial farming trial. This ...
Technology and Power Company Gstar Begins Construction of Silicon Wafer Factory in Indonesia

Technology and Power Company Gstar Begins Construction of Silicon Wafer Factory in Indonesia

Gstar has recently commenced the construction phase of its silicon rod and silicon wafer factory in Indonesia. In Jakarta, a new 60,000 square meter factory is under ...
Singaporean Florist Petite Fleur Expands Operations to Indonesia

Singaporean Florist Petite Fleur Expands Operations to Indonesia

Petite Fleur, a Singapore-based florist, has expanded its operations to Indonesia with the launch of Petite Fleur Indonesia. The expansion is driven by market research ...
France’s Naval Group and Italy’s Fincantieri Secure Defense Contracts in Indonesia

France’s Naval Group and Italy’s Fincantieri Secure Defense Contracts in Indonesia

France’s Naval Group, in partnership with Indonesian shipbuilder PT PAL, has won a contract from the Indonesian government to build two Scorpene Evolved diesel-electric ...
Malaysia Invests USD 6.4 million in Talent R&D for Aerospace and Medical Devices Sectors

Malaysia Invests USD 6.4 million in Talent R&D for Aerospace and Medical Devices Sectors

The Malaysian government has allocated a grant of MYR 30 million (USD 6.4 million) to Collaborative Research in Engineering, Science & Technology (CREST), an ...
Sarawak Aims to Generate 10GW Of Renewable Energy By 2030, Seeks International Partnership

Sarawak Aims to Generate 10GW Of Renewable Energy By 2030, Seeks International Partnership

Sarawak, a key player in Southeast Asia’s green economy, is on track to become a major renewable energy hub by leveraging its abundant indigenous resources. With plans ...
Malaysia, Argentina Foster Agricultural Collaboration

Malaysia, Argentina Foster Agricultural Collaboration

Malaysia and Argentina engaged in discussions about collaborating in the livestock, agriculture, and halal certification sectors. Both countries have recognized the potential ...
Masimo Opens New MedTech Production Plant Worth USD 21 Million in Johor, Malaysia

Masimo Opens New MedTech Production Plant Worth USD 21 Million in Johor, Malaysia

US-based medical device giant Masimo Corporation expands its global footprint with the inauguration of a new production facility in the state of Johor, Malaysia, aimed at ...
Malaysia Launches First Faculty of Artificial Intelligence, With Humanities Focus

Malaysia Launches First Faculty of Artificial Intelligence, With Humanities Focus

The Ministry of Higher Education (MOHE) is spearheading the establishment of Malaysia’s inaugural Faculty of Artificial Intelligence (AI) in partnership with Universiti ...
Malaysia Ranks 27th In Global Opportunity Index, Leads the Region for Best Investment Condition

Malaysia Ranks 27th In Global Opportunity Index, Leads the Region for Best Investment Condition

The Malaysian Investment Development Authority (MIDA), the government’s principal agency for the promotion of the manufacturing and services sectors highlights ...
Malaysia Advances National Energy Efficiency Action Plan 2026-2035 (NEEAP 2.0)

Malaysia Advances National Energy Efficiency Action Plan 2026-2035 (NEEAP 2.0)

The Malaysian Ministry of Energy Transition and Water Transformation, alongside the Energy Commission (EC), the national regulatory body for the energy industry, is crafting ...

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