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

Swiss Glass Container Manufacturer Constructs USD 23 Million Factory in Johor

Jul 2023 Malaysia, Manufacturing

Bucher Emhart Glass, a subsidiary of Swiss-listed engineering and manufacturing group Bucher Industries AG has announced an investment of MYR 108 million (USD 23 million) to ...

Malaysia to Launch the National Energy Transition Roadmap (NETR) and the Hydrogen Economy and Technology Roadmap (HETR) in 2023

Jul 2023 Malaysia, Energy

Malaysian Prime Minister Anwar Ibrahim has unveiled the plan to introduce two new energy roadmaps, namely the National Energy Transition Roadmap (NETR) and the Hydrogen ...

Malaysia to Introduce Cyber Security Bill to Address Digital Threats

Jul 2023 Malaysia, ICT

The Malaysian government has announced that the nation’s first Cyber Security Bill will be developed and introduced by the National Cyber Security Committee in 2023. The ...

Malaysia to Operate 1,097 Digital Economy Centers Nationwide

Jul 2023 Malaysia, Infrastructure

Malaysia Communications and Digital Minister Fahmi Fadzil has announced that the government intends to create 186 new digital economy centers (PEDi), bringing the total ...

Coach to Open World’s 1st ‘Coach Airways’ Retail Store in Malaysia

Jul 2023 Malaysia, Retail/FMCG

American luxury fashion brand Coach will introduce the world’s first Coach Airways, a unique retail concept store, and café housed in a transformed 1981 Boeing 747-230B ...

Blockchain Company nChain To Promote the Province Of Bataan As Blockchain Hub In Asia

Jul 2023 Philippines, ICT

Global blockchain company nChain has signed a Memorandum of Understanding (MOU) with the Provincial Government of Bataan to digitize their local government processes and ...

US Manufacturer Partners with Local Company to Develop USD 500 Million Solar Complex in Indonesia

Jul 2023 Indonesia, Energy, Environment

SEG Solar, a US-based solar module manufacturer, and PT Kawasan Industri Terpadu Batang (KITB), an Indonesian state-owned company that operates as an industrial area ...

Indonesia Expands Tuna Farming to Advance Sustainable Preactices

Jul 2023 Indonesia, Agrifood

Indonesia is expanding tuna farming to improve its aquaculture sector and advance sustainability practices. Indonesia captures the most tuna of any country, accounting for ...

Indonesia Turns Away from Russia, Confirms Purchase of Qatari’s Jet Fighters

Jul 2023 Indonesia, Defense/Aerospace

The Indonesian Air Force (TNI-AU) has revealed that it signed a EUR 733 million (USD 793.14 million) contract to acquire the Qatar Emiri Air Force’s (QEAF’s) ...

Indonesia’s Parliament Approves USD 1 Billion Increase for Construction of New Capital

Jul 2023 Indonesia, Economy, Infrastructure

Indonesia is ready to build its new capital, Nusantara, and the country’s parliament budget committee has recently granted an additional IDR 15 trillion (USD 1 billion) ...

Australian Company Initiates Commissioning of Nickel Power Plant in Indonesia

Jul 2023 Indonesia, Energy

Nickel Industries (NIC), an Australian company specializing in nickel pig iron production, has commenced the commissioning of its 380-megawatt (MW) power plant in the ...

Long John Silver’s, a US-based Franchise, Launches Its First Branch in Indonesia

Jul 2023 Indonesia, Retail/FMCG

The first-ever Long John Silver’s location in Indonesia has been inaugurated in Gading Serpong, serving as the brand’s global flagship store. The restaurant ...

Irish Food Giant Establishes a New Manufacturing Facility in Indonesia

Jul 2023 Indonesia, Agrifood, Manufacturing

Kerry, an Ireland-based food company, has officially inaugurated a taste manufacturing facility in Karawang, West Java, Indonesia. Spanning across 50,000 square meters, this ...

Indonesia and Dubai to Collaborate for the Development of the Belawan Seaport

Jul 2023 Indonesia, Infrastructure

The Indonesia Investment Authority (INA), in partnership with Dubai Port World (DP World) from the United Arab Emirates (UAE), established a consortium named INA-DPWorld ...

Indonesia and South Korea Establish ICT Ecosystem for Indonesian SMEs

Jul 2023 Indonesia, ICT

The Cooperatives and Small and Medium Enterprises (SMEs) Ministry of Indonesia is partnering with South Korea to develop an ICT ecosystem aimed at enhancing the capabilities ...

GC Biopharma Awarded Contract to Construct Blood Products Plant in Indonesia

Jul 2023 Indonesia, Healthcare

South Korean pharmaceutical company, GC Biopharma Co has obtained approval from the Indonesian Ministry of Health for the establishment of a blood products facility. The ...

Vietnam’s Coffee Exports to Achieve a New Milestone

Jul 2023 Vietnam, Agrifood

Coffee is a highlight of Vietnam’s agricultural exports in the first half of 2023. Owing to surging coffee prices due to reduced output amidst severe weather conditions ...

Australia-Vietnam Innovation Collaboration Strengthened with RMIT University Investment

Jul 2023 Vietnam, Economy

During his official visit to Vietnam, Australian Prime Minister (PM) Anthony Albanese inaugurated a new innovation hub in Vietnam as part of RMIT University’s AUD 250 ...

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