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

Thailand’s PTT Oil and Retail Plans USD 900 Million Investment in 2023 for Expansion

PTT Oil and Retail (OR), Thailand's prominent oil and retail operator, has announced impressive financial results for 2022, with sales and service revenue totaling USD 22.8 ...

Japanese Aristech Company to Invest in a USD 97 Million Durian Cultivation Project in Malaysia

Japan-based agritech company MYFARM Inc has recently put forward plans to invest MYR 210 million (USD 47 million) in a durian, agriculture and aquaculture cultivation project ...

Malaysian Space Agency to Improve Strategic Cooperation with Industry, Plans Space Launching Site

It has recently been announced that the Malaysian Ministry of Science, Technology, and Innovation (MOSTI) through the Malaysian Space Agency (MYSA) will be leading the Space ...

Amazon to Invest USD 6 Billion for a New Infrastructure Region in Malaysia

Amazon Web Services (AWS) will be launching a new AWS infrastructure Region in Malaysia, with the primary aim of connecting local developers, startups, entrepreneurs, and ...

Largest-ever US Business Delegation to Vietnam Seeks Investment Opportunities

Senior executives from 52 US companies have recently participated in the US-ASEAN Business Council's (USABC) largest-ever business mission to Vietnam in March 2023. The ...

Agribank’s Efforts in Boosting Hi-tech Agriculture in Vietnam

The Vietnam Bank for Agriculture and Rural Development (Agribank) is taking an active part in providing capital, consultations, and other support to local farmers, aiming at ...

Swedish Companies to Support Malaysia’s Green Transition Efforts

Malaysia and Sweden have inked a collaboration agreement on green transition which is intended to intensify collaborations, promotion and innovation for sustainable ...

Malaysia Introduces First Flagship Medical Tourism Hospital Program

Malaysia’s lead government agency for medical tourism, Malaysia Healthcare Travel Council (MHTC) has introduced its first Flagship Medical Tourism Hospital Program in ...

Taiwan’s HWC Coffee to Launch 40 Additional Stores in Malaysia

Taiwan-based specialty coffee house chain HWC Coffee has announced that it will open an additional 40 specialty coffee brand stores throughout Malaysia in 2023. HWC plans to ...

The UK and Vietnam Set to Collaborate on Clean Energy

Sector experts have recently highlighted how, in the field of clean energy, Vietnam's current situation resembles the one the United Kingdom in the first decade of the 21st ...

Airbus Group Plans to Increase Supply Chains in Vietnam

Airbus Group has committed to increasing its supply chains in Vietnam for new orders related to the production of aircraft spare parts, according to the General Director of ...

Sandvik to Construct Load and Haul Factory in Malaysia to Meet Growing Mining BEV Market

‍Swedish engineering group Sandvik announced a new production facility in Malaysia for manufacturing underground loaders and trucks in order to meet demand for ...

Vietnamese Pharmaceutical Firms Pushed to Invest in R&D to Increase Competitiveness

It has recently been reported that Vietnam’s pharmaceutical industry has been experiencing a shortage of advanced R&D centers and internationally qualified facilities for ...

Vietnam and Australia to Work on Blockchain P2P Energy Trading

At the Australia-Vietnam Forum on Energy Transition on March 28, Powerledger, an Australian energy trading technology firm, announced its collaboration with Vietnam ...

APM Terminals, a Division of the Danish Maersk, to Expand Large Seaport in Northern Vietnam

Vietnam’s HATECO Group Joint Stock Corporation (HATECO) and APM Terminals, a division of the Danish shipping giant Maersk, have teamed up to raise the capacity of Lach Huyen ...

Japanese Retailers to Target Affluent Customers in Vietnam

It has recently been reported that Japanese retailers are flocking to Vietnam to build additional outlets. In February 2023, the clothing giant Uniqlo, which currently ...

Philippine Conglomerate Partners with Israeli Group, Targets Increased Revenues in Dairy Business

Philippine Conglomerate Metro Pacific Agro Ventures (MPAV) recently announced that it is targeting PHP 1 billion (USD 18.2 million) in revenues over the next four years, ...

Vietnam’s Offshore Wind Industry Draws the Attention of European Investors

Afry, a Swedish-Finnish supplier of engineering, design, and advisory services, has just closed a deal with Vietnam’ LIG-Huong Hoa 1 Joint Stock Company to become the owner’s ...

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