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

South Korea and Vietnam to Bolster Bilateral Relationship in Drugs and Medical Devices Sector

Oct 2023 Vietnam, Healthcare

South Korea’s Ministry of Food and Drug Safety (MFDS) in September 2023 held a bilateral collaboration meeting with the Drug Administration of Vietnam (DAV) to support ...

South Korean Company to Build Biodegradable Material Factory in Vietnam

Oct 2023 Vietnam, Environment

SK Group’s SKC Co., a chemical subsidiary of the South Korean conglomerate, is gearing up to construct a factory in Vietnam dedicated to producing materials for ...

The United States and Vietnam Advance Economic Ties

Oct 2023 Vietnam, Economy

U.S. President Joe Biden, top executives from prominent U.S. tech companies such as Google, Intel, and Vietnamese business leaders had a meeting following the bilateral ...

ADB and GreenYellow Partner to Expand Commercial and Industrial Rooftop Solar in Vietnam

Oct 2023 Vietnam, Energy

The Asian Development Bank (ADB) and GreenYellow Smart Solutions Vietnam Co., Ltd. (GreenYellow) have inked a loan agreement, totaling USD 13.8 million, to facilitate the ...

Vietnam Airlines Secures USD 7.8 Billion Boeing 737 Max Deal

Oct 2023 Vietnam, Defense/Aerospace

A deal between Vietnam Airlines and American aircraft manufacturer Boeing, worth a remarkable USD 7.8 billion was officially confirmed during Biden’s visit to Hanoi in ...

Dutch and Polish Companies Partner for Instant Coffee Joint Venture in Vietnam

Oct 2023 Vietnam, Agrifood

Dutch company Louis Dreyfus Company (LDC) and Polish specialist Instanta Sp. z o.o. (Instanta) have officially launched ILD Coffee Vietnam, a freeze-dried instant coffee ...

UTP and MKIC Collaborate on Palm Oil Biomass Waste-to-Wealth Project in Sabah

Oct 2023 Malaysia, Agrifood

Petronas’s education arm, Universiti Teknologi Petronas (UTP) and Malaysian Kuwaiti Investment Co Sdn Bhd (MKIC) have collaborated on the ‘Optimization of Biomass ...

Malaysia Explores Partnership with UK on Defense Technology

Oct 2023 Malaysia, Defense/Aerospace

Malaysia’s Defense Ministry (MINDEF) is strengthening its partnership with the UK as it shifts focus to tech-driven military operations, aligned with the national ...

Malaysia Secures USD 7.9 Billion Investment Commitments in Digital Sector, Launches Malaysia Digital Expo

Oct 2023 Malaysia, Economy

Malaysia’s Communications and Digital Ministry (KKD), which oversees telecommunications, broadcasting, and digital sectors announced that the country has secured MYR ...

Petronas, Gentari, Amazon, AWS Collaborate for Sustainable Energy, Research Alternative Fuels

Oct 2023 Malaysia, Energy

Petronas, its renewable energy subsidiary Gentari Sdn Bhd, Amazon, and Amazon Web Services (AWS) are collaborating to ramp up sustainability and decarbonization efforts. This ...

MOSTI and SIRIM Berhad Partner to Deploy Clean Water Technology from Seawater

Oct 2023 Malaysia, Environment

The Malaysian Ministry of Science, Technology and Innovation (MOSTI), the lead ministry that implements national policies related to science, technology, and innovation is ...

Malaysia Sets Sights on Expanding Nuclear Technology Use by 2030

Oct 2023 Malaysia, ICT

Under the National Nuclear Technology Policy 2030 (DTNN 2030), Malaysia aims to enhance its nuclear technology adoption for socio-economic development. The Ministry of ...

Malaysia’s MHTC and Mayo Clinic Ink MoU to Boost International Healthcare Standards

Oct 2023 Malaysia, Healthcare

The Malaysia Healthcare Travel Council (MHTC), a government agency under the Ministry of Health Malaysia tasked to promoting Malaysia as a premier healthcare destination ...

Solarvest Spearheads Initiative with Centexs, Huawei and GreenBay to Establish Hyperscale Green Data Centre in Sarawak

Oct 2023 Malaysia, Infrastructure

A collaborative venture is set to launch a hyperscale green data center testbed and training program in Sarawak, East Malaysia region. This collaboration involves Solarvest ...

US Commercial Tools Firm Alton Group to Invest USD 419 Million For New Facilities in Malaysia

Oct 2023 Malaysia, Manufacturing

Alton Industry Ltd Group, a US-based industrial tools provider, plans to invest MYR 2 billion (USD 419 million) in Malaysia, enhancing its manufacturing and research & ...

Giant Malaysia Commits USD 105 million for 50 New Hypermarkets

Oct 2023 Malaysia, Retail/FMCG

Giant Malaysia, also known as GCH Retail (Malaysia) Sdn Bhd, has unveiled plans to invest MYR 400 million (USD 105 million) to launch 50 hypermarkets across Malaysia within ...

Tech-enabled Coffee Chains Eyeing Singapore as Prized Battleground for Supremacy

Oct 2023 Singapore, Retail/FMCG

Asian technology-driven coffee chains are seeking to expand their presence in Singapore. Luckin Coffee, a Beijing-based brand that heavily incorporated technology, went ...

Singapore Aug Manufacturing Output dives 12% y/y, More than Expected

Oct 2023 Singapore, Manufacturing

In August, Singapore’s industrial output declined by 12.1% year-on-year, marking the 11th consecutive month of contraction, surpassing expectations and driven primarily ...

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