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

South Korean Giant Starts Nickel Processing Plants in Indonesia

Jul 2022 Indonesia, Manufacturing

South Korea's LG Energy Solution (LGES) just announced that it began construction of a nickel processing plant in Indonesia as part of a USD 9.8 billion investment in the ...

Islamic Development Bank Finances USD 150 Million Loan for a Toll Road in Indonesia

Jul 2022 Indonesia, Infrastructure

It has just been revealed that the Indonesian government has signed a cooperation agreement with the Islamic Development Bank (IsDB) for financing the construction of the ...

Thailand Becomes First Asian Country to Legalize Cannabis for Food

Jul 2022 Thailand, Agrifood

Thailand has just become the first Asian country to legalize the growing of cannabis and its consumption as a food, aiming to boost its agriculture and tourism sectors. The ...

Singapore’s USD 14 Billion Mega-Port Begins Second Phase of Construction

Jul 2022 Singapore, Infrastructure

Work on the Tuas Mega-Port, Singapore’s USD 14 billion project to build the world’s largest automated port by 2040, has begun construction work on the second phase, after the ...

Plant-Based Retail Products are Expanding in Malaysia

Jul 2022 Malaysia, Retail/FMCG

Companies are expanding their plant-based products in Malaysia as local consumers exhibit rising interest in plant-based alternatives. This will provide them with greater ...

Malaysia And UK Ink New Partnership on Climate Action

Jul 2022 Malaysia, Environment

A Memorandum of Understanding (MoU) was signed by the UK and Malaysia to promote bilateral cooperation on climate action. The MoU offers a framework for cooperation between ...

Indonesia and UK Agree to Intensify Renewable Energy Cooperation

Jul 2022 Indonesia, Energy

On the sidelines of the G7 Summit in Elmau, Germany, the Indonesian President and the Prime Minister of the United Kingdom spoke bilaterally. During the meeting, the two ...

Hong Seng Consolidated, Eocell to Set Up Regional EV Battery Production Plant in Malaysia

Jul 2022 Malaysia, Manufacturing

Malaysia’s leading equipment manufacturer, Hong Seng Consolidated, (HSC) and California-based battery developer, EoCell have signed a memorandum of understanding (MoU) to ...

US Company Partners with Indonesia´s Telecom Carrier to Accelerate 5G Rollout

Jul 2022 Indonesia, Economy

Juniper Networks, an American leader in secure, AI-driven networks, announced that XL Axiata, one of Indonesia's largest mobile telecommunications carriers, will upgrade its ...

J&T Express to Boost Malaysia’s Logistics Infrastructure Via USD 134 Million Investment

Jul 2022 Malaysia, Infrastructure

Indonesia’s headquartered logistics company, J&T Express (J&T) is spending MYR 600 million (USD 134 million) to purchase land and develop a new warehouse facility in ...

Sarawak State Keen to Partner with Brunei, Indonesia and South Korea in Sustainable Aviation Fuel Venture

Jul 2022 Malaysia, Defense/Aerospace

The state government of Sarawak, the largest state in Malaysia, is exploring sustainable aviation fuel (SAF) to sustainably produce jet fuel and reduce aviation carbon ...

Sunway XFarms will Launch the Largest Indoor Vertical Farm in Kuala Lumpur

Jul 2022 Malaysia, Agrifood

The largest indoor vertical farm in Kuala Lumpur will be unveiled in the third quarter of 2022 by Sunway XFarms, a Malaysia-based agritech firm and subsidiary unit of Sunway ...

US Cybersecurity Firm Fortinet Expands and Increases Investment in Malaysia

Jul 2022 Malaysia, ICT

Fortinet, the global integrated and automated cybersecurity solution provider from the United States is growing its presence and investment in Malaysia. The company has ...

Global Medical Device Companies Choose Malaysia for Over USD 300 Million Investment

Jul 2022 Malaysia, Healthcare

As part of Malaysia's investment promotion goal to attract premium and high-tech medical device product manufacturers, the country has successfully secured large investments ...

Vietnam to Collaborate with Belgium on Green Energy and Port Development

Jul 2022 Vietnam, Energy

The Belgian Vietnamese Alliance (BVA) and the Flanders International Technical Agency (FITA) recently held a workshop in Brussels highlining Vietnam’s potential in renewable ...

Vietnam to Anticipate Various Environmental Initiatives in Upcoming Months

Jul 2022 Vietnam, Environment

According to the Australian Embassy in Vietnam, a Plastics Innovation Hub was launched on June 23, to reduce waste in Vietnam through key stakeholder collaborations in ...

Malaysia Registers Fastest Growth in 28 Years as Total Trade Exceeds USD 495 Billion

Jul 2022 Malaysia, Economy

The Department of Statistics Malaysia (DOSM) announced that Malaysia’s trade value reached a new milestone in 2021 as it surpassed MYR 2.2 trillion (USD 495 billion), the ...

Vietnam to Draw More Investments from The Republic of Korea

Jul 2022 Vietnam, Economy

The Republic of Korea (RoK) has been one of the top FDI source countries in Vietnam since 2020, according to the Ministry of Planning and Investment. In the first five months ...

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