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

PH Internet Speeds Continue to Improve

The Philippines’ broadband and mobile internet speed have continued to improve as of April 2021 as shown in the Speedtest Global Index by Ookla, according to a statement ...

MDEC and Austrade Strengthen Collaboration on Digital Transformation via Australia-Malaysia Tech Exchange (AMTX)

On 6 May 2021, the Malaysia Digital Economy Corporation (MDEC) and the Australian Trade and Investment Commission (Austrade) organized a virtual event for tech companies from ...

Gojek and Tokopedia to Merge and Create GoTo, Indonesia’s Largest Digital Services Company

Gojek and Tokopedia, two of Indonesia's most valuable tech companies, have agreed to merge and create the GoTo Group. The new combined entity will be the biggest privately ...

Dell Technologies Looking to Expand Hybrid Cloud Services in Thailand

Tech giant Dell Technologies is looking into expanding its hybrid cloud services in Thailand, where the cloud computing market is expected to be valued at  THB 15 billion ...

Vietnamese Healthtech Startups Docosan and POC Pharma Raise Over USD 5 Million

Docosan, a Vietnamese healthtech startup, has raised more than USD 1 million in seed funding. The investment was led by Taiwanese investor AppWorks, with participation from ...

The Medical City Hospital Group Partners with Ascent for Medical Flight Services

Leading hospital group The Medical City has partnered with Ascent for the provision of air medical evacuation (medevac) services. Ascent is a Singapore-based on-demand air ...

TE Asia Healthcare Partners to Expand Specialty Healthcare in Singapore, Malaysia, and Indonesia

In response to increasing demands for specialty care, specifically in oncology, cardiology, and orthopedics, TE Asia Healthcare Partners plans to invest USD 90 million over ...

NHAM, AstraZeneca Launch Educational Website to Increase Awareness of Heart Failure

The National Heart Association of Malaysia (NHAM) has partnered with AstraZeneca Malaysia to launch ‘Spotlight on Heart Failure’, a public educational website aimed at ...

Indonesia’s Largest Healthtech Platform HaloDoc Raises USD 80 Million in Funding

Indonesia-based healthtech platform HaloDoc has raised USD 80 Million in Series C funding from major investors such as Indonesian conglomerate Astra International and ...

B.Grimm Group Launches PrimoCare Medical’s Flagship Clinic

Located together with B.Grimm's headquarters on Krungthep Kreetha Road, the newly-launched PrimoCare Medical Clinic strengthens B.Grimm's foray into Thailand's healthcare ...

Singapore’s SP Group and Singtel Group Embrace Sustainable Green Finance Initiatives

Commemorating Earth Day, two major firms in Singapore announced their sustainable green finance initiatives, namely power utility SP Group and telecommunications conglomerate ...

Quezon City Rolls Out ‘Trash to Cashback’ Program

The Quezon City government is now rolling out its 'trash to cashback' program in the entire city. The program allows residents to trade recyclable materials for environmental ...

Malaysia’s National Environment Commission to be Established to Address Environmental Issues

The National Environment Commission of Malaysia will be established by the Ministry of Environment and Water (KASA) with the core goal of keeping track and forming relevant ...

Irish Renewable Company to Collaborate with Vietnam on Capacity-building for Offshore Wind

Irish renewable energy developer Mainstream Renewable Power has signed a memorandum of understanding (MoU) with Vietnam's Department of Foreign Affairs for Provinces (DFAP) ...

Indonesia’s Unicorn Gojek Aims to Shift to EVs by 2030

In its inaugural sustainability report, Indonesian ride-hailing giant Gojek announced that the company plans to make every car and motorcycle on its platform an electric ...

Electric Boat Service Launched in Thailand, Linking Bangkok and Nonthaburi

Energy Absolute (EA), a Thai renewable power generation firm, has officially launched its battery-run boat service for public transport on the Chao Phraya River, ...

Thailand Developing Floating Hydro-Solar Farms to Strengthen Energy Security

Thailand is building one of the world's largest floating hydro-solar farms in Ubon Ratchathani, a province in northeastern Thailand on the border with Laos and Cambodia. ...

Malaysia’s Oil and Gas Services and Equipment Industry Blueprint to Boost Resilience and Sustainability Efforts

The Malaysian Government has introduced the National Oil and Gas Services and Equipment (OGSE) Industry Blueprint 2021-2030, which aims to accelerate the development of local ...

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