Business News

Business news to help you keep track of the latest developments and identify new opportunities across key sectors in South East Asia

Monthly Business News to Help You Understand the Market

Indonesia and the Netherlands Install Combat System on Missile Frigate

Indonesia and the Netherlands have completed the installation and trials of combat systems on a second Indonesian guided missile frigate procured by the Indonesian Navy. The ...

Huawei Cloud and ULearning Provide E-Learning Solution in Indonesia

Huawei Cloud and Singapore-based learning technology company ULearning have agreed to collaborate for a project providing an e-learning system Universitas Muhammadiyah ...

Coca-Cola Amatil Indonesia Invests in Indonesia’s Kargo Technologies

Amatil X, the venture capital arm of Coca Cola Amatil, one of the world's five major Coca-Cola bottlers, has invested in Kargo Technologies, an Indonesian start-up for freight

Vina Capital’s SkyX Solar to Develop Rooftop Solar in SAIGONTEL’s Industrial Parks

SkyX Solar, a subsidiary of Vietnamese asset management company Vina Capital Group, has entered into a joint-venture (JV) agreement with SAIGONTEL to develop rooftop solar ...

Vietnam’s Finance Ministry Announces VAT and Land Rent Payment Extension for Businesses

Vietnam's Ministry of Finance has announced a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments worth around USD 1.3 billion for ...

Vietnam Aims to Achieve 100% Smartphone Penetration

According to a report in the Hanoi Times, the Vietnamese Ministry of Information and Communications plans to support the production of low-cost smartphones to make them ...

USD 107 million Investment Planned for 2020 to Improve Ha Long City’s Transport Infrastructure

Ha Long City will receive USD 107 million to improve its transport Infrastructure this year in a bid to transform the coastline into an attractive tourism destination. The ...

ST Engineering Exploring Airframe Maintenance Venture with Vietnam Airlines

Singapore-based ST Engineering is exploring the setting up of an airframe MRO joint venture (JV) in Vietnam with Vietnam Airlines and other potential airline partners to cater

Shopping Mall Developer Aeon Vietnam Announces USD 2 Billion Expansion Plans

Aeon Vietnam announced that they will invest an additional USD 2 billion to expand its network of commercial centers in the country. Iwamura Yasutsugu, the general director of

MoU Signed in Vietnam for Public Private Collaboration in Plastic Waste Management

A Memorandum of Understanding (MoU) to build public private in plastic waste management collaboration towards a circular economy was signed in Hanoi on 19 February 2020. This ...

German companies Looking at Vietnam’s Healthcare Sector

With the EU-Vietnam Free Trade Agreement (EVFTA) expected to come into effect in July 2020, German healthcare multinationals and SMEs operating in Medical technology, ...

COVID-19 Accelerating Manufacturing Shift to Vietnam

In early March 2020, it was reported that the launch of Google’s latest smartphone, the Pixel 4a, may be delayed as production might not be able to reach sustainable levels in

Water Management Plans Approved for Thailand’s Eastern Economic Corridor

On 6 March 2020, the Eastern Economic Corridor (EEC) Policy Committee of Thailand endorsed the water management plans for both the short and long terms. The EEC currently is ...

Total to Develop Solar Rooftops for Thai Food Company Betagro

Total, through its affiliate Total Solar Distributed Generation, has signed a binding contract to provide 25 MWp of solar rooftops for 24 facilities of one of the largest food

Thai Pharma Company to Manufacture Three New Drugs for Complicated Ailments

Thai pharmaceutical company Siam Bioscience Group confirmed with the Bangkok Post that by 2022 the company plans to produce and sell three new drugs for cancer, kidney ...

Singapore Firm to Develop Smart Grid for PTT in Thailand

Envision Digital International Pte Ltd (Envision) has been chosen to develop the first smart grid for Thai state-owned oil and gas company, PTT Public Company (PTT). The ...

Semi-Solid Lithium-ion Battery Manufacturing Facility to be Built in Thailand

Thailand-based Energy company Global Power Synergy Plc (GPSC) is building a USD 35.2 million battery cell plant in the country. The initial Manufacturing capacity will be 30 ...

Royal Thai Air Force Orders H135 Helicopters for Training Mission

As part of its pilot training enhancement programme, the Royal Thai Air Force (RTAF) has signed an order for six H135 military training helicopters from Airbus Helicopters. ...

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