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

WhatsApp Considering Mobile Payments Launch in Indonesia

WhatsApp, Facebook Inc’s messaging services is reportedly in advanced talks with several Indonesian digital payment providers in a move to enter the country’s quickly ...

SK Plasma to Introduce Blood Product Technology to Indonesia

SK Plasma, a producer of blood products which is part of the conglomerate SK Group, announced that in early September that it has signed an Memorandum of Understanding ...

MAN Energy Solutions Commissions Three Dual-Fuel Plants in Indonesia

MAN Energy solutions is working with the Indonesian government to supply over 1,000 islands with reliable power. Based in Germany, MAN Energy Solutions is the world’s leading ...

Lion Air and Garuda Indonesia Join Hands to Build Hangars in Batam

The two largest airlines in Indonesia, Lion Air and Garuda Indonesia, announced in August 2019 that they are strengthening their cooperation in the aviation industry with ...

Indonesian and Korean Agencies Launch Green Technology Partnership Initiative

The Indonesian Agency for Technology Assessment and Application (BPPT) and the Green Technology Center Korea (GTC-K) announced a partnership through the launch of the Green ...

Indonesia Looking to Raise Foreign Ownership Caps by End-2019

By the end of 2019, the Indonesian government will announce plans to increase foreign ownership of businesses in some sectors, according to the head of Indonesia’s investment ...

Indonesia Expected to Spend USD 33 Billion for Capital Relocation

Indonesia's President Joko Widodo has announced a USD 33 billion project to relocate the Indonesian capital from Jakarta to East Kalimantan, a province on the island of Borneo

China’s Lesso Invests USD 60m to Manufacture Pipe Fittings in Indonesia

Capitalizing on China’s Belt and Road Initiative, the Lesso group, a Chinese large scale industrial group specialized in building materials and interior decoration products ...

Bukalapak to Offer Insurance for E-Commerce Merchants and Customers

Singaporean insurtech firm, Axinan and Indonesian eCommerce company Bukalapak recently announced a partnership to provide insurance solutions for users of Bukalapak’s ...

Vietnam’s Thanh Hoa Province to Receive USD 2 Billion Investment from Chinese Firm

Mintal Group Co., Ltd, a Chinese-owned company, has been discussing plans with the Provincial People’s Committee (PPC) to build a USD 2 billion ferrochrome, stainless steel ...

Recently Launched Bamboo Airways Building Aviation Training Centre

Vietnam's newest airline, Bamboo Airways began construction of an aviation training center in July 2019 in the central area of Vietnam. This is the first one in a series of ...

MOU Signed for Privately Funded LNG Project in Vietnam

In July 2019, Korea Gas Corporation (KOGAS)  entered into a Memorandum of Understanding (MOU) with Energy Capital Vietnam (ECV) that provides a framework for the development ...

JD.com Becomes Largest Shareholder in Tiki Vietnam

Chinese online e-commerce giant JD.com has become the largest shareholder in Tiki Vietnam, Vietnam’s second largest e-commerce platform by traffic after Singapore-based ...

Homegrown Social Networking Platforms Being Launched in Vietnam

Vietnamese internet company Vietnam Communications Corporation (VC Corp) is going to launch the pilot version of its social networking platform called Lotus in September ...

HCMC Investing Heavily on Infrastructure in Southern Part of City

The Ho Chi Minh City (HCMC) transport department reported that the city would continue to invest money in transport Infrastructure in its southern area including district 7, ...

HCMC City Accelerating Digitization of Healthcare Services

As part of its smart city development plans, Ho Chi Minh City (HCMC) city departments, including health, have been asked to publish by the third quarter of 2019 their ...

Can Tho City to Burn 3,000 Tonnes of Waste to Create Energy on Trial Basis

About 3,000 tonnes of waste, which is supposed to be buried at Co Do District’s dumping sites in Can Tho City, will be burned to produce Energy on a trial basis with the ...

American Firms Investing in Danang’s Hi-tech Park and Information Technology Park

Danang city in central Vietnam has been receiving increasing attention from American companies for investment in the city's Hi-tech Park and Information Technology Park. In ...

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