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 to Procure New Assets for Armed Forces and Border Control Authority

Nov 2023 Malaysia, Defense/Aerospace

The Malaysian Defence Ministry (MINDEF) is set to receive MYR 19.7 billion (USD 4.2 billion) in the Budget 2024 allocation, while the Malaysian Home Ministry will be ...

VCI Global, Agroz to Build Large-Scale AI Smart Greenhouses in Malaysia

Nov 2023 Malaysia, Agrifood

VCI Global Limited, a Nasdaq-listed tech and business consulting group has announced a strategic partnership with Agroz Group Sdn Bhd, a leading Malaysian indoor vertical ...

MDEC Surpasses National Target, Reaches USD 23 Billion in Digital Technology Investment

Nov 2023 Malaysia, Economy

The Malaysian Digital Economy Corporation (MDEC), a key government agency driving digital transformation, has announced that it has exceeded expectations by facilitating MYR ...

UAE’s Masdar Commits USD 8 Billion Investment in Malaysia’s Renewable Energy Development

Nov 2023 Malaysia, Energy

Malaysia is set to expedite its shift towards renewable energy with an investment of USD 8 billion from Masdar, one of the world’s leading renewable energy companies ...

MITI Launches i-ESG Framework for Sustainable Manufacturing in Malaysia

Nov 2023 Malaysia, Environment

The Malaysian Ministry of Investment, Trade, and Industry (MITI) has introduced the National Industry Environmental, Social, and Governance Framework (i-ESG Framework) Phase ...

SMITH Collaborates with EXIM Bank to Establish Medical Glove Manufacturing Plant in Sarawak

Nov 2023 Malaysia, Healthcare

The Sarawak Medical Innovation Technology Hub Sdn Bhd (SMITH) has inked an agreement with the Export-Import Bank of Malaysia Bhd (EXIM Bank) to develop a medical glove ...

NTT Ltd and Princeton Digital Group Propel Malaysia’s High-Tech Infrastructure Growth

Nov 2023 Malaysia, ICT

Malaysia continues to attract strategic high-tech projects, particularly data centers, positioning the country as a digitally connected nation with robust digital ...

Malaysia Sets 5G Milestones as Petronas Leads with Private Network, DNB Alliance Achieves World’s Fastest Trial

Nov 2023 Malaysia, Infrastructure

Malaysia is undergoing a digital transformation with groundbreaking 5G technology, exemplified by Petronas as the first to adopt a private 5G network. Additionally, a ...

LONGi Injects USD 385 Million Into Serendah Module Plant, Elevating Malaysia’s Sustainable Energy Sector

Nov 2023 Malaysia, Manufacturing

LONGi Malaysia Sdn Bhd, a subsidiary of the world-leading photovoltaic panel manufacturer LONGi Green Energy Technology Co. Ltd, has officially inaugurated its Serendah ...

Signify and MJT Open Malaysia’s First Philips Professional Lighting Concept Store

Nov 2023 Malaysia, Retail/FMCG

Signify, a leading global lighting company headquartered in the Netherlands, has introduced Malaysia’s first Philips Professional Lighting Concept Store at Tabuan ...

Thailand Launches Smart Drone Project for Rural Communities

Nov 2023 Thailand, Agrifood, ICT

The Bangkok Post recently reported that Thailand’s Digital Economy and Society (DES) Ministry intends to commence a drone project for communities nationwide with the goal of ...

Thailand’s Airbus Satellite Successfully Launched

Nov 2023 Thailand, Defense/Aerospace

The Airbus-built THEOS-2 Earth observation satellite has been successfully launched on a Vega rocket from Kourou, Europe’s spaceport in French Guiana. The Geo-Informatics and ...

Thailand’s Eastern Economic Corridor Sets New Investment Targets

Nov 2023 Thailand, Economy

The Eastern Economic Corridor (EEC), a special economic zone in Thailand, has set a new investment target of THB 500 billion (USD 13.7 billion) over the next five years. The ...

Thai Real Estate and Retail Developer Aims to Achieve 100% Renewable Energy By 2030

Nov 2023 Thailand, Energy

The renowned Thai real estate and retail developer Siam Piwat Group has set new sustainability goals, aiming to power its operations with clean energy, advance its 360° waste ...

Thai Company Secures Purchase Agreements for 15 Ground-Mounted Solar Projects

Nov 2023 Thailand, Energy, Environment

Thai clean energy specialist Absolute Clean Energy Public Company Limited (ACE), has recently secured Power Purchase Agreements (PPAs) from Thailand’s Provincial Electricity ...

AstraZeneca to Partner with Thai Agency for Digital Healthcare Innovation

Nov 2023 Thailand, Healthcare

Thailand’s Digital Economy Promotion Agency (depa) and AstraZeneca Thailand just strengthened their partnership aimed at promoting the adoption of digital healthcare ...

South Korean Mobile Carrier Enters Thailand Large Language Model Sector

Nov 2023 Thailand, ICT

It has recently been announced that one South Korea’s leading mobile carriers, KY Copr., will soon enter the large language model (LLM) sector in Southeast Asia by exporting ...

International Finance Corporation to Support Thailand’s Water Sector

Nov 2023 Thailand, Infrastructure

The International Finance Corporation (IFC) and Thailand’s Ministry of Interior have signed a memorandum of understanding (MoU) to help strengthen the Southeast Asian ...

Explore Our Services