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

British Consortium to Invest USD 9 Billion in Indonesia

Reuters recently reported that a British consortium that includes mining giant Glencore is set to invest about USD 9 billion in Indonesia's mining and electric vehicle (EV) ...

Key Players Join Forces to Unlock Indonesia’s Modern Warehouse Investment Opportunities

Indonesia Investment Authority (INA), asset manager ESR Group, and MC Urban Development Indonesia (MCUDI), a 100% subsidiary of Mitsubishi Corporation engaged in real estate ...

Nokia and Indosat spearhead Indonesia’s Digital Vision with Network Consolidation

Finnish multinational telecommunications, information technology, and consumer electronics corporation Nokia recently announced that it has partnered with Indonesia’s ...

US Company Receives FDA Clearance for Augmented Reality Surgical Navigation in Indonesia

US company Novarad has received approval from Indonesia’s Food and Drug Administration (FDA) for its VisAR surgical navigation system. Novarad's VisAR uses augmented reality ...

US Provides USD 1 Million Grant for Wind Power Plant in Indonesia as Part of the Just Energy Transition Partnership

The US Trade and Development Agency has just awarded a grant to PT Medco Power Indonesia (Medco) for a feasibility study to help develop an estimated 111-megawatt wind power ...

Consortium of Danish Companies to Provide Nuclear Power and other Technologies to Produce Fertilizer in Indonesia

Four Danish companies, Topsoe, Alfa Laval, Copenhagen Atomics and Aalborg CSP, have entered into a Memorandum of Understanding (MoU) with Indonesian ammonia producer Pupuk ...

Indonesia’s Textile Sector to Invest in Modern and Sustainable Solutions

It has been reported that the Indonesian textile industry will produce 3.9 million tonnes of textile waste in 2030. With 92 million tonnes of textile waste generated yearly, ...

Indonesia and Malaysia Partner for Advancing Aerospace Industry

Indonesia and Malaysia have signed two memoranda of understanding (MoUs) in the defense sector, between state-run aircraft manufacturer PT Dirgantara Indonesia (PTDI) and ...

USAID Launches USD 8.2 Million Coffee and Cacao Agroforestry Project in Indonesia

The United States Agency for International Development (USAID) has launched a project to promote sustainable cocoa and coffee production in Indonesia in partnership with Olam ...

Siam Makro Group Implements Oracle Solutions

Siam Makro group, operator of Thailand’s number one wholesaler Makro, and leading retailer Lotus’s, has announced its collaboration with Oracle to drive digital ...

New Renewable Energy Initiative in Thailand

Thailand's Energy Regulatory Commission (ERC) has chosen 175 companies to participate in the initial stage of its renewable energy initiative. The program has garnered ...

VinES and Li-Cycle Form Long-Term Battery Recycling Partnership

VinES Energy Solutions (VinES), an industry leader in lithium-ion battery resource recovery, and Li-Cycle Holdings Corp. (Li-Cycle), the leading lithium-ion battery recycler ...

Vietnam Unveils Its National Master Plan for 2021-2030.

On April 20, Vietnam’s National Master Plan for 2021-2030, with a vision to 2050, was made public in Hanoi. By 2030, Viet Nam aims to be an upper middle-income country ...

Vietnam to Seek More Private Investment to Construct New Seaports

In April 2023, a 24,000-TEU cargo ship M/V OOCL from Spain, on its first voyage connecting Asia and Europe, arrived at Gemalink Deepwater Seaport in the southern province of ...

Vietnam Remains An Attractive Destination for Investment From Japanese Retailers

In the first two months of 2023, Vietnam attracted a total foreign direct investment (FDI) of USD 146 million, with a large amount coming from Japanese manufacturers and ...

Vietnam Procuring More Czech Advanced Trainer Aircrafts

A military procurement agreement is reportedly being negotiated between Vietnam and the Czech Republic that would include more L-39NG advanced trainer aircraft, along with ...

Vietnam Looking for First LNG Shipment to Commission Import Terminal

PetroVietnam Gas has announced a tender to purchase Vietnam's first shipment of liquefied natural gas (LNG), marking an important step on the Southeast Asian country's path ...

US Building Materials Specialist Opens Manufacturing Plant in Thailand

HYDRO-BLOK, an American manufacturer of foam-based waterproofing shower systems and building panels, has announced the opening of its new factory in Bangkok, Thailand, to ...

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