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 Maintains Its Status as a Top 5 World LNG Exporter
The International Gas Union’s latest annual LNG report indicates that Malaysia retained its position as the fifth largest exporter of liquefied natural gas (LNG) in 2023, ...
Malaysia Sees USD 18.2 Billion Investment in Q1 of 2024, Creating 29,000 New Jobs
In the first quarter of 2024, Malaysia exhibited robust economic performance with approved investments totaling MYR 83.7 billion (USD 18.2 billion) across various sectors, ...
Qatar Airways Cargo Partners with MASkargo for Strategic Air Freight Collaboration
Qatar Airways Cargo and MASkargo, the cargo subsidiary of Malaysia Aviation Group, have signed a Memorandum of Understanding (MoU) to strengthen their collaborative cargo ...
Korea Ginseng Corp. Expands into Malaysia’s Functional Food Market
Korea Ginseng Corp. (KGC), a subsidiary of South Korean tobacco giant KT&G Corp., focusing on health functional food products, has announced the launch of its red ginseng ...
Swiss Luxury Watch Brand Franck Muller Opens Its First Boutique in Vietnam
Franck Muller, the Swiss luxury watch brand, just launched its first standalone store in Vietnam. Situated on Le Loi Street near the iconic Saigon Opera House, the boutique ...
Nokia and Foxconn Collaborate to Produce 5G AirScale Equipment in Vietnam
Nokia is partnering with Foxconn to manufacture its 5G AirScale equipment at Foxconn’s factory in Bac Giang province. Under this collaboration, Foxconn will produce ...
Vietnam Partners with Foreign Investors to Develop Industrial Parks
In June 2024, the Vietnam Singapore Industrial Park Joint Venture Co. (VSIP) commenced construction on a new facility in Ha Tinh province.
The VSIP Ha Tinh industrial park is ...
Motorola Solutions Inaugurates Software and Analytics R&D Center in Vietnam
US tech giant Motorola Solutions has recently opened a new research and development (R&D) center in Ho Chi Minh City, southern Vietnam, to advance data analytics and ...
Japan’s Watakyu Seimoa Corporation Opens New Medical Textile Plant in Vietnam
Japan’s Watakyu Vietnam, a textile product supplier for the healthcare industry, inaugurated a USD 33 million factory in Dong Nai province in June 2024.
The opening ...
BCG Energy and South Korea’s SK Ecoplant Tie Up for Waste-to-Energy Development in Vietnam
BCG Energy has partnered with South Korea’s SK Ecoplant and Sudokwon Landfill Site Management Corp. (SLC) to collaborate on waste-to-energy solutions in Vietnam’s ...
Vietnam’s Gas-to-Power Initiatives Secure USD 12 Billion Investment
Vietnam Oil and Gas Group (Petrovietnam or PVN) has entered into multiple agreements with its partners to advance an integrated development project, which includes a gas ...
Vietnam and Switzerland Advance Economic and Trade Cooperation
In June 2024, the Vietnamese Embassy in Switzerland and the Swiss-Viet Economic Forum (SVEF) hosted the Vietnam-Switzerland Economic Forum themed “Strengthening Ties, ...
US Transport Giant FedEx Ready to Expand Presence in Vietnam
According to FedEx Express’ president and CEO Richard Smith, the US transport giant FedEx is planning to enhance its logistics operations at Tan Son Nhat International ...
Vietnam and Ireland to Cooperate on Agri-food Initiatives
In June 2024, Vietnamese Deputy Minister of Planning and Investment Do Thanh Trung and Ireland’s Minister of State Martin Heydon signed a Memorandum of Understanding ...
South Korea Pharma Specialist to Establish Advanced Primate Research Institute in Indonesia
In June 2024, Daewoong Pharmaceutical revealed its plans to collaborate with Indonesia’s Bogor Agricultural University (IPB), highly regarded for its veterinary ...
US Cybersecurity Company Palo Alto Networks Invests in New Cloud Facility in Indonesia
In June 2024, Palo Alto Networks, an American cybersecurity firm, announced the opening of a new cloud location in Indonesia. This new cloud infrastructure provides ...
Indonesian Ports Cut Wait Times with Facial Recognition Technology
Indonesia’s immigration authorities have implemented the HID U.ARE.U Camera Identification System as the facial recognition element for the automated border crossing ...
Indonesia and Finland Strengthen Collaboration in Green Energy and Smart Cities
The Foreign Affairs Minister of Indonesia and Finland’s Foreign Minister convened in Helsinki in June 2024 to explore enhancing bilateral collaboration, particularly ...
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