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

World Bank Invests USD 150 Million for Geothermal in Indonesia

The World Bank’s Board of Executive Directors has approved a USD 150 million loan for Indonesia to scale up investments in geothermal Energy by reducing the risks of ...

KF-X Fighter Prototype from Joint Korean-Indonesian Program to be Unveiled in 2021

Korean Aerospace Industries (KAI) is planning to roll out the first Korean Fighter eXperimental/ Indonesian Fighter eXperimental (KF-X) fighter aircraft prototype by the first

Indonesia-UAE to Establish Sovereign Wealth Fund

Indonesia and the United Arab Emirates (UAE) are set to establish a sovereign wealth fund (SWF) that can be used for Infrastructure development. This also includes the ...

Indonesian Ride Hailing Unicorn Gojek Launches Video Streaming Platform

Gojek, an Indonesian ride-hailing and payments firm, has launched a video streaming service called GoPlay featuring original movies and TV shows. Subscriptions for GoPlay will

Indonesian Digital Sales and Marketing Company Raises USD 3 Million

Pomona, an Indonesian provider of marketing and digital sales solutions for the packaged consumer goods and fast-moving consumer goods sector, has successfully closed a USD 3 ...

EU Provides USD 16 Million Grant to Indonesia to Improve Trade

The European Union (EU) has granted Indonesia USD 16.37 million (IDR 232 billion) through a four-year program called ARISE+. The program aims to boost the country’s export ...

Black & Veatch to Develop Alumina Refinery in Indonesia

PT Borneo Alumina Indonesia (PT BAI) has appointed a Black & Veatch-led project management consortium (PMC) to develop an alumina refinery in West Kalimantan. The ...

AEPW and Project STOP to Develop Circular Waste Management Systems in Indonesia

The Alliance to End Plastic Waste (AEPW) has entered a partnership with Project STOP to further scale up the development of more sustainable and circular waste management ...

82% of Indonesian Households Lead Unhealthy Lifestyle

The Health Minister of Indonesia, Dr. Nila F Moeloek, has shared the results of a recently conducted family survey revealing that the lifestyles of 82% of Indonesian ...

Vietnam’s First Citywide IoT Network Activated in Ho Chi Minh City

Vietnam's largest telecom operator, Viettel, has installed and activated around 1,000 Narrow Band – Internet of Things (NB-IoT) broadcasting stations in Ho Chi Minh City, ...

Vietnam’s 2021-2030 Development Strategy to Focus on Technology and Market Economy

The government of Vietnam recently released its Vietnam Development Strategy draft for 2021-2030, which emphasizes the country’s need to transform into a modern market economy

Vietnam to Start Prioritizing Green FDI Projects

According to Decision 50-NQ/TW issued by Vietnam's Politburo, the country will prioritize selecting investments which employ Environment friendly and modern ...

Vietnam Set to Reach USD 11 Billion Export turnover for Wood Products

The Vietnam Timber and Forest Product Association reported it is on track to reach its USD 11 billion export turnover target this year. Around 45% of the country's timber ...

Opportunities for Infrastructure Upgrades in Vietnam Aviation Sector

The Vietnamese airline industry is welcoming several new players, putting strain on its aviation Infrastructure. The Civil Aviation Authority of Vietnam (CAAV) recently ...

North Vietnamese Province to Create USD 36 Million High-Tech Farming zone

Dam Ha District in Quang Ninh Province in Vietnam will welcome a USD 36 million, 170 hectare high-tech farming zone, which will be used for research and development of ...

Leading Vietnamese Insurer Partners with Singaporean Telehealth Startup

Doctor Anywhere, a Singaporean telehealth Startup and Bao Minh Insurance, one of the largest insurance groups in Vietnam have signed a strategic cooperation agreement to ...

Ho Chi Minh City Green Lights 3 Waste to Energy Plants

In late August 2019, the Ho Chi Minh City People’s Committee approved the construction of three new waste to Energy plants. Work is starting on the plants in September and ...

Consortium Led by GIC Invests USD 500 Million in Vingroup’s Retail Arm

A consortium led by GIC, Singapore’s sovereign wealth fund, and Vingroup Joint Stock Company (Vingroup), signed agreements for an investment in VCM Services and Trading ...

Explore Our Services