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 Planning to Relax Drug Patent Rules to Boost Domestic Pharmaceutical Industry

The Indonesian federal government is planning to relax standards on drug patents with an omnibus bill on job creation to support the country's pharmaceutical manufacturers and

Indonesia Hires AECOM, Mckinsey and Nikken Sekkei to Design New Capital

American engineering company AECOM, strategy consulting firm McKinsey & Company and Japanese architectural and engineering firm Nikken Sekkei will be involved in ...

Indonesia and Netherlands Sign USD 1 Billion with of Trade Deals During Royal Visit

During the visit of King Willem-Alexander and Queen Maxima of the Netherlands to Indonesia in March 2020 25 business agreements worth USD 1 billion, covering wide ranging ...

Indonesia Aims to Double Gas Production by 2030 in Bid to Reduce Trade Deficit

Indonesia is striving to double gas production over the next 10 years to 12.3 billion cubic feet per day as it sets to become one of the world’s top exporters with major ...

Indonesia Agrees to US Military Grant of Drones and Helicopters

The Indonesia’s Defense Ministry has agreed to accept the United States’ military grant consisting of 14 Insitu ScanEagle drones and 3 Bell 412 helicopters. The military ...

Vietnam to Remove Limit 49% of Foreign Investors’ Capital Contribution for Intermediary Payment Firms

In the draft decree replacing Decree 101/2012 / ND-CP stipulating non-cash payment submitted to the Government in June 2020, the State Bank of Vietnam (SBV) is expected not to

Vietnam and US Collaborating for Satellite Observations on Environmental Changes

US space agency National Aeronautics and Space Administration (NASA) is collaborating with the Vietnam National Space Centre (VNSC) for satellite observations on land use and ...

USD 117 Million Automobile Assembly Complex Approved in Thua Thien-Hue Province

Bach Viet Automobile Manufacturing Industry JSC received in principle approval for a VND 2.7 trillion (USD 117.4 million) project to develop a 50 hectare automobile assembly ...

Singapore Company to Build USD 4 Billion LNG-fired Thermal Plant in Vietnam

The People’s Committee of Bac Lieu Province, Vietnam granted an investment certificate to Singapore’s Delta Offshore Energy Pte Ltd Co to develop a USD 4 billion liquefied ...

Pharmacity Targeting Expansion to 1000 Stores by End 2021

Vietnam’s largest pharmacy retailer, Pharmacity, plans to open 350 new stores this year and reach 1000 stores by the end of next year.  In February 2020, Pharmacity raised VND

Ho Chi Minh City Launches Trial Smart Health and Smart Education Operation Centers

As a part of the project to turn Ho Chi Minh City (HCMC) into a smart city, pilot models of operation centers for smart health and smart education, were launched in February ...

Grab Launches Early Stage Startup Accelerator in Vietnam

In February 2020, Grab, South East Asia’s leading ride hailing firm, announced the launch of Grab Ventures Ignite, an accelerator program for early-stage startups, as part of ...

EU Investors to Have the Opportunity to Hold 49% Stake in Two Vietnamese Banks

EU investors will have opportunity to hold up to 49% charter capital at two Vietnamese banks under Vietnam's commitments in the EU-Vietnam Free Trade Agreement (EVFTA). The ...

Construction Begins on USD 96 Million Industrial Park in Bac Ninh

Construction has started in late January 2020 for the 221-hectare Yen Phong II-C Industrial Park in the northern province of Bac Ninh. The industrial park represents an ...

70 New Air Quality Monitoring Stations to be Installed in Hanoi by End-2020

Hanoi, the capital city of Vietnam, is planning to install 70 air monitoring stations by the end of this year, adding to the current 11 monitoring stations. The installation ...

Thailand’s Largest Retailer Lists Shares in Country’s Largest IPO

Thailand's largest retailer, Central Retail Corp, priced its IPO (Initial Public Offering) at THB 42 (USD 1.36) per share, raising THB 78.1 billion (USD 2.5 billion), making ...

Thailand’s First Military Satellite to be Launched in March

According to a report in the Bangkok Post dated 4 February 2020, the European Space Agency has scheduled the launch of Thailand's first military satellite from the Guiana ...

Thai Government Considering Under-River Tunnel to Relieve Congestion in Bangkok

The construction of the first traffic tunnel under the Chao Phraya River is being considered to relieve traffic congestion in the Sathon and Silom areas of Bangkok. The ...

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