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
KKR to Acquire Stake in SingTel’s Regional Data Centre Unit for USD 807 million
KKR, a global investment firm, is set to acquire a 20% stake in Singapore Telecommunications (SingTel)’s regional data center business for SGD 1.1 billion (USD 0.8 ...
Singaporean E-payments Firm Introduces New Customer Verification Feature
Singapore’s dtcpay, a digital payments company, has teamed up with the verification platform Sumsub to streamline the onboarding process for new users. Sumsub, ...
Johnson & Johnson Partners with Singapore Economic Development Board for Innovation
Johnson & Johnson International (Singapore) is collaborating with the Singapore Economic Development Board (EDB) to boost innovation in Singapore’s life sciences ...
Singapore Explores if Landfill Waste Could Be Used to Build Tuas Port
Singapore is exploring the possibility of repurposing incineration ash from Semakau, its sole landfill, for use in projects like the construction of Tuas Port. As Semakau is ...
Singapore to Import Renewable Energy from Indonesia
Singapore is making significant strides in its commitment to import low-carbon electricity, with plans to import two gigawatts (GW) of renewable energy annually from ...
Singapore Announces Additional USD 802 Million to Ease Cost of Living
Singapore’s finance ministry has allocated an additional SGD 1.1 billion (USD 802 million) to address households grappling with rising living costs. This package ...
Singapore Tests Unmanned Platforms in Joint Exercise with US
As part of Exercise Forging Sabre in Idaho, the Singapore Army is currently testing an unmanned ground vehicle developed by the United States-based Ghost Robotics in ...
Singapore’s Regenx Bags USD 500,000 Pre-seed Funding from Wavemaker Impact
RegenX, headquartered in Singapore, has successfully secured USD 500,000 in pre-seed funding from Wavemaker Impact, a venture capital firm specializing in climate tech ...
Lenzing Indonesia Receives EU Ecolabel for Environmentally Friendly Fiber Production
The Lenzing Group, a global manufacturer of specialty cellulose fibers for the textile and nonwoven sectors, has gained EU Ecolabel accreditation for its fibers manufactured ...
Indonesia Cooperates with Finland to Make Nusantara a Smart City
The Nusantara Capital City Authority (OIKN) is collaborating with Finland’s Smart City Innovation Cluster (SCIC) to build Indonesia’s new capital, Nusantara, a ...
US Company Offers Gas Detection Technology to Pertamina Drilling Services Indonesia
Industrial Scientific, a global leader and innovator in full-service gas detection programs that automate safety workflows, has signed a Memorandum of Understanding (MoU) ...
Indonesia and CEPI Collaborate for Accelerating Vaccine Manufacturing
The Coalition for Epidemic Preparedness Innovations (CEPI) and Bio Farma, the only local vaccine manufacturer in Indonesia, have entered a 10-year partnership to boost the ...
Indonesia to Triple the Size of ASEAN’s Largest Floating Solar Plant
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, and PLN Nusantara Power (PLN NP) have signed an agreement to develop Phase II of the Cirata ...
Indonesia and Japan Partner for Renewable Energy Cooperation
The Indonesian government is partnering with the Japan Bank for International Cooperation (JBIC) to develop additional renewable energy capacity in the Southeast Asian ...
Danish Retailer Opens Physical Stores in Indonesia and the Philippines
Flying Tiger Copenhagen, a Denmark-based retailer, is expanding its Southeast Asian development by launching its first physical stores in Indonesia and the Philippines. The ...
France Aims to Enhance Business Presence in Indonesia
Aiming to expand its corporate footprint in Indonesia, France is putting industrial collaboration at the core of its economic ties with the Southeast Asian country. According ...
Indonesia Acquires New UK-Built Submarine Rescue System in USD 100 Million Contract
Submarine Manufacturing and Products Ltd. (SMP), a leading UK-based manufacturer and diving and subsea rescue solutions, will provide its new Submarine Rescue System (SRS) to ...
Indonesian Company Bets on A2 Milk Market
Private equity firm Growtheum Capital Partners just announced a strategic partnership with PT ABC Kogen Dairy. KIN Dairy is a vertically integrated dairy manufacturer ...
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