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

Malaysia Generates USD 222 Million By Strengthening AI Digital Ecosystem

Oct 2024 Malaysia, ICT

The Malaysia Digital Economy Corporation (MDEC), the leading agency for the country’s digital economy under the Ministry of Digital, has successfully integrated 140 ...

TM Global and Radian Arc Continue Partnership to Scale Cloud Gaming Across New Markets

Oct 2024 Malaysia, Infrastructure

TM Global, the domestic and international wholesale arm of Telekom Malaysia (TM), the country’s largest telecommunications provider, has extended its partnership with ...

Elna Inaugurates New USD 230 Million Printed Circuit Boards Facility in Penang, Malaysia

Oct 2024 Malaysia, Manufacturing

Elna PCB (M) Sdn. Bhd., the Malaysian subsidiary of Global Brands Manufacture under Taiwan’s Passive System Alliance (PSA) Group, has announced the opening of its second ...

PUMA Opens Its Biggest Southeast Asian Store in Malaysia

Oct 2024 Malaysia, Retail/FMCG

PUMA has opened its largest flagship store in Southeast Asia, located in Sunway Pyramid, Selangor, Malaysia. Spanning 12,000 square feet, the store reinforces PUMA’s ...

Indonesia Expands Carbon Trade Collaboration with Japan

Oct 2024 Indonesia, Environment

Indonesia is set to finalize a bilateral agreement with Japan aimed at enhancing carbon trading between the two nations, according to the Southeast Asian country’s ...

South Korean Companies Invest in Indonesia’s Regenerative Medicine and Cell Therapy Market

Oct 2024 Indonesia, Healthcare

South Korea’s Daewoong Pharmaceutical and GC Cell are entering Indonesia’s regenerative medicine and cell therapy markets. Daewoong Pharmaceutical has established a ...

Italian Company Partners to Strengthen Telecom Security in Indonesia

Oct 2024 Indonesia, ICT

SecurityGen, an Italian telecom cybersecurity firm, has partnered with PT NEC Indonesia, a multi-vendor system integrator specializing in IT networks and AI technologies, to ...

Indonesian Government and South Korean Investor Team Up for Bali’s LRT

Oct 2024 Indonesia, Infrastructure

The Indonesian government is moving forward with plans for a Light Rail Transit (LRT) system in Bali, estimated to cost approximately USD 10.8 billion. Minister of ...

Japanese Company Expands Petrochemical Operations in Indonesia with New USD 110 Million Facility

Oct 2024 Indonesia, Manufacturing

Nippon Shokubai Indonesia is moving forward with plans to expand its petrochemical operations in Cilegon, Banten, by constructing a fourth plant phase, set to begin in 2025. ...

French Luxury Group Expands in Indonesia, Opens First Sandro Store in Jakarta

Oct 2024 Indonesia, Retail/FMCG

French luxury fashion group SMCP, which owns brands such as Sandro, Maje, Claudie Pierlot, and Fursac, is expanding in Indonesia through a new partnership with Mitra Adi ...

German Companies Eye Collaboration with Indonesian Electronics Producer in Renewable Energy Infrastructure

Oct 2024 Indonesia, Energy, Infrastructure

PLN Nusantara Power, a subsidiary of Indonesia’s state-owned electricity provider, PLN, recently engaged in talks with representatives from nine German companies to explore ...

Indonesia and Britain Forge Partnership on Critical Minerals

Oct 2024 Indonesia, Economy

Britain has signed a memorandum of understanding with Indonesia to collaborate on critical minerals, according to a statement from the UK’s embassy in Jakarta. The agreement ...

Indonesia to Create New Military Branch for Cyber Defense

Oct 2024 Indonesia, Defense/Aerospace

The Indonesian government is set to create a new military branch focused on cyber defense. This initiative was prompted by an order from the President during a recent meeting ...

Indonesia and Brazil Establish USD 290 Million Partnership for Dairy Cattle Development

Oct 2024 Indonesia, Agrifood

PT Asiabeef Biofarma Indonesia has signed a memorandum of understanding (MoU) with Agropecuaria 31 (31 Group) for the importation of 100,000 tropical dairy cattle from ...

Viettel Partners with Ericsson and Nokia for Comprehensive 5G Deployment in Vietnam

Oct 2024 Vietnam, ICT

Vietnam’s leading telecommunications company Viettel has recently expanded its long-term collaboration with Ericsson by selecting the Swedish company to lead the majority of ...

Thailand’s Central Retail Opens New Shopping Mall in Northern Vietnam

Oct 2024 Vietnam, Retail/FMCG

Central Retail, Thailand’s leading retailer, inaugurated its 40th GO! mall in Ha Nam province on Saturday. The 1.4-hectare facility, which required an investment of VND ...

Danish Conglomerate Explores Investment in Vietnam’s Deepwater Ports and Logistics Infrastructure

Oct 2024 Vietnam, Infrastructure

Danish conglomerate A.P. Moller Holding is planning to invest in deepwater ports and logistics infrastructure throughout Vietnam, with the goal of establishing the country as ...

Samsung Display Invests USD 1.8 billion in New OLED Plant in Vietnam

Oct 2024 Vietnam, Manufacturing

The South Korean display manufacturer Samsung Display is set to establish a USD 1.8 billion organic light-emitting diode (OLED) production line in Vietnam, focusing on small- ...

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