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 to Adopt Electric Harbor Craft

In mid-July, the Maritime and Port Authority of Singapore (MPA) issued an Expression of Interest (EOI) for companies to submit proposals to design and promote the adoption of ...

New Hydrogen-Ready Plant to be Built by 2026 in Singapore

The Energy Market Authority (EMA) has announced plans to increase its generation capacity over the next five years to meet Singapore’s growing demand for electricity, but ...

Singapore Start-Ups to Explore New Frontiers in Space Tech

Despite the country’s size, Singapore has seen steady growth in its space industry, with the country sending up over 20 satellites to space since 2011, 3 of which were ...

New Program Ensuring Safety of Lab-Grown Meat from Contamination to be Launched in Singapore

During the Create Symposium in August, the Singapore National Research Foundation (NRF) announced the launch of the Bioengineering Tools for Next-Generation Cellular ...

Velum Labs Signs Deal with NACSA to Strengthen Malaysia’s National Cyber Defense

Malaysia is making substantial advancements in bolstering its cybersecurity defenses through a partnership between Velum Labs Sdn Bhd, a subsidiary of the Sapura Group ...

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 ...

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