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

PepsiCo Re-enters Indonesia with a New Snack Factory

Sep 2023 Indonesia, Manufacturing, Retail/FMCG

American food and beverage company PepsiCo is reportedly making a comeback in Indonesia with the construction of a snack factory in West Java. This move follows its ...

Tesla Plans to Invest in a New Battery Factory in Indonesia

Sep 2023 Indonesia, Manufacturing

In August 2023, a high-ranking Indonesian official revealed that Tesla, the American electric vehicle (EV) maker, intends to invest in battery material production within ...

Indonesia’s New Capital Project Set to Receive USD 2.7 Billion Funding in 2024

Sep 2023 Indonesia, Infrastructure

As part of its 2024 budget, Indonesia has committed IDR 40.6 trillion, which amounts to USD 2.7 billion, for the development of its new capital city. According to government ...

Telkomsel and Ericsson Bolster Ties to Broaden 4G/5G Network Coverage in Indonesia

Sep 2023 Indonesia, ICT

Indonesian telecommunications company Telkomsel and Ericsson have recently renewed their partnership to expand and fortify their 4G/5G networks in Indonesia. Ericsson, known ...

Indonesia Considers Special Economic Zone Development to Boost Economic Prosperity

Sep 2023 Indonesia, Economy

International trade and investment are essential to Indonesia’s economy. It has been recently reported that the government has prioritized the establishment of special ...

Malaysian Firm My Myracle Invents Halal Plant-derived Postbiotics

Sep 2023 Malaysia, Agrifood

My Myracle is the only postbiotics manufacturing company in Malaysia and Southeast Asia, focusing solely on plant-derived bacteria. Partnering with the University of Putra ...

The Malaysian Army Sets to Acquire 178 Mildef Tarantula 4×4 HMAV Armored Vehicles

Sep 2023 Malaysia, Defense/Aerospace

Mildef International Technologies (Mildef), a Malaysian private defense company has sealed a deal to provide 178 T Tarantula 4×4 High Mobility Armoured Vehicles (HMAV) ...

Malaysia Records USD 28.3 million in FDI in The First Half Of 2023

Sep 2023 Malaysia, Economy

The Ministry of Investment, Trade and Industry (MITI) announced that Malaysia has attracted a Foreign Direct Investment (FDI) of MYR 132.6 billion (USD 28.3 billion) in the ...

Malaysia To Leap into a Green Hydrogen Economy by 2027

Sep 2023 Malaysia, Energy

Malaysia is poised to introduce its Hydrogen Economy and Technology Roadmap, strategically aiming to secure investments in green hydrogen production and position itself as a ...

Malaysian Palm Oil Board Collaborates with Petronas on Palm-Derived Sustainable Aviation Fuel

Sep 2023 Malaysia, Environment

The Malaysian Palm Oil Board (MPOB) and Petronas, Malaysia’s leading energy entity, have joined hands to assess the viability of repurposing used cooking oil and palm ...

LYC Healthcare and South Korean Firms Collaborate to Boost Postbiotics Market in Malaysia

Sep 2023 Malaysia, Healthcare

Aqurate Ingredients Intl (M) Sdn Bhd, an LYC Healthcare Bhd arm that specializes in functional ingredients for the food & beverage, nutraceutical, pharmaceutical, and ...

Google Cloud Partners Malaysia Airports and Asia Mobiliti to Boost Digital Travel Services

Sep 2023 Malaysia, ICT

Google Cloud is partnering with Malaysia Airports Holdings Bhd (MAHB) and Asia Mobiliti to cater to the growing need for sustainable, digital-first travel experiences in the ...

Sabah To Construct A USD 852 Million Hydroelectric Dam

Sep 2023 Malaysia, Infrastructure

The Sabah state government, under Chief Minister Datuk Seri Hajiji Noor, has announced the construction of a MYR 4 billion (USD 852 Million) hydroelectric dam in Ulu Padas, ...

Ericsson Selects Penang for Its First 5G Manufacturing Supply Chain Plant in South East Asia

Sep 2023 Malaysia, ICT, Manufacturing

Ericsson, the Swedish telecommunication giant, has inaugurated its 5G production facility in South East Asia in Penang, Malaysia, in partnership with the American electronics ...

Llaollao’s Operator Brings ChaTraMue Thai Tea Brand in Malaysia

Sep 2023 Malaysia, Retail/FMCG

Woodpeckers Group, responsible for managing Llaollao’s Spanish Natural Frozen yogurt in Malaysia, has inked a 20-year franchise deal with Cha Thai International, ...

International Specialist Explore Production of Solar Panels and Energy Storage Systems in Indonesia

Sep 2023 Indonesia, Environment

Four international renewable energy firms recently announced their collective intent to investigate prospects for manufacturing solar panel components and energy storage ...

Indonesia Research Agency to Formulate Nuclear Energy Strategy

Sep 2023 Indonesia, Energy

The National Research and Innovation Agency (BRIN) is in the process of formulating a strategy to facilitate the establishment of nuclear power plants in Indonesia. The ...

Indonesian Health Special Economic Zone Calls for Investment

Sep 2023 Indonesia, Healthcare

State-owned company PT Hotel Indonesia Natour (HIN) has recently called for domestic and international investors to enhance and fortify facilities and services within the ...

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